Best Car Loan in Hong Kong 2024

Planning to purchase your dream car? Compare car loans in Hong Kong on MoneySmart now! Read More
200,000 personal loan Paid over 24 months
HK$
We found 11 Personal Loans for you!
WeLend logo

Monthly Payment

HK$8,573

Monthly Payment
MoneySmart Exclusive
Promotion ends in
The lowest APR
1.88%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573

 Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down!

【Last Chance! Apply for Personal Loan at the Beginning of the Year of Loong! 🐲】Earn with Your Personal Loan Application.
From now until 14 April, apply for designated loans from Welend via MoneySmart, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands or converted into HK$533 cash! Click here to learn more.

Valid until 14 Apr 2024 - See more details below
Apply Now
UA Finance logo

Monthly Payment

HK$8,873

Monthly Payment
MoneySmart Exclusive
APR*
1.68%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873
【UA rewards you the Best-in-town+ offer!】Cash Reward up to $18,000^ for all new and existing customers*!
 
Offer valid until 30 April 2024, please refer to more details below.
Valid until 30 Apr 2024 - See more details below
Apply Now
Standard Chartered logo

Monthly Payment

HK$8,873

Monthly Payment
MoneySmart Exclusive
Guaranteed application reward HK$800
Promotion ends in
APR*
6.28%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873

【MoneySmart Exclusive Offer 】- Get total reward up to HK$16,450! From now on until 30 April 2024, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to SAMSUNG Galaxy S24 Ultra (S9280) - 256GB  (value: $8,450) or HK$7,800 PARKnSHOP supermarket voucher or HK$7,800 Apple Store Gift Card.

Enjoy SC bank welcome offer up to HK$8,000 cash rebate, total rewards up to HK$16,450! Online loan application can enter lucky draw of 2 Europe Business Round trip AirTickets! (worth 336,000 Miles^)Total - 6 winners!



【Last Chance! Apply for Personal Loan at the Beginning of the Year of Loong! 🐲】Earn with Your Personal Loan Application.

From now until 14 April, apply for Standard Chartered Personal Instalment Loan - Tax Season Loan via MoneySmart, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands or converted into HK$533 cash! Click here to learn more.

Valid until 14 Apr 2024 - See more details below
Apply Now
Fubon Bank logo

Monthly Payment

HK$8,547

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR as low as*
2.38%
Total Amount Payable
HK$205,126.40
Total Interest Payable
HK$5,126.40
Monthly Payment
HK$8,547

【MoneySmart Exclusive Offer -  Total rewards up to $10,880!】
From now until 30 April 2024, customers apply Fubon Perfect Fit Personal Loan with exclusive promotional code:「MSRL10」 and successfully draw down the loan can enjoy a MoneySmart exclusive reward as high as a Dyson Purifier Hot+Cool™ (retail value: HK$5,780) /HK$5,500 Apple Store Gift Card / HK$5,500 ParknShop vouchers. Total reward up to HK$10,880!

Valid until 30 Apr 2024 - See more details below
Apply Now
UA Finance logo

Monthly Payment

HK$8,873

Monthly Payment
MoneySmart Exclusive
No document is required
APR*
1.68%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873
【UA rewards you the Best-in-town+ offer!】Cash Reward up to $18,000^ for all new and existing customers*!
 
Offer valid until 30 April 2024, please refer to more details below.
Valid until 30 Apr 2024 - See more details below
Apply Now
HSBC logo

Monthly Payment

HK$9,113

Monthly Payment
APR
1.88%*
Total Amount Payable
HK$218,720
Total Interest Payable
HK$18,720
Monthly Payment
HK$9,113
Read More
DBS logo

Monthly Payment

HK$8,673

Monthly Payment
MoneySmart Exclusive
Instant cash out single-handedly
APR
6.01%
Total Amount Payable
HK$208,160
Total Interest Payable
HK$8,160
Monthly Payment
HK$8,673

New customers who successfully apply and drawdown DBS Personal Instalment Loan via MoneySmart can get up to HK$8,000 rewards + Extra up to HK$10,000 PARKnSHOP Supermarket Voucher/ Apple Store Gift Card! Get up to a total HK$18,000 reward! APR is as low as 2.2%!



【Last Chance! Apply for a Loan at the Year of Loong! 🐲】Earn with Your Loan Application.
From now until 14 April, apply for DBS Personal Instalment Loan via MoneySmart with the required documents submitted, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands or converted into HK$533 cash! Click here to learn more.

Valid until 14 Apr 2024 - See more details below
Apply Now
AEON Credit Service logo

Monthly Payment

HK$8,733

Monthly Payment
Bank Promo
APR*
4.63%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
Bank Promo:
 Successfully applied and drawdown of AEON Flexi Loan will be eligible to receive up to HK$12,000 cash rebate#.
Valid until 30 Apr 2024 - See more details below
Apply Now
Fubon Bank logo

Monthly Payment

HK$9,229

Monthly Payment
MoneySmart Exclusive
APR* (Calculation is based on loan amount of HK$180,000 or above)
2.88%
Total Amount Payable
HK$221,504
Total Interest Payable
HK$21,504
Monthly Payment
HK$9,229

【MoneySmart Exclusive Offer - Total rewards up to HK$3,800!
From now til 30 April 2024, customers apply Fubon "EZ Cash" Personal Loan via MoneySmart with exclusive promotional code:「MSRL10」 and successfully draw down the loan of HK$80,000 or above with tenor 12 months or above, can enjoy exclusive reward: HK$1,500 Apple Store Gift Card / HK$1,500 Supermarket Voucher. Apply and draw down the loan via online platform to get extra supermarket cash coupon of up to HK$2,300. Total rewards up to HK$3,800 !

Valid until 30 Apr 2024 - See more details below
Apply Now
Promise logo

Monthly Payment

HK$8,733

Monthly Payment
MoneySmart Exclusive
Instant Approval Online◉
APR*
4.49%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
[Welcome Offer - Get HK$10,000 loan with HK$500 Cash Rewards] From now until 30 June 2024, successfully apply for Promise Loan and drawdown with the loan amount of HK$10,000, can enjoy HK$500 cash rewards▲. No Supporting Documents Required#. Online Instant Approval⦿.
Valid until 30 Jun 2024 - See more details below
Apply Now
China CITIC Bank International logo

Monthly Payment

HK$8,502

Monthly Payment
MoneySmart Exclusive
APR as low as*
1.9%
Total Amount Payable
HK$200,048
Total Interest Payable
HK$48
Monthly Payment
HK$8,502

【CITIC Bank x MoneySmart Exclusive Offer 】- Get total reward up to HK$4,599!
Customers successfully apply for CNCBI $mart Plus Personal Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart and draw down the designated loan amount could enjoy up to HK$4,000 Apple Store Gift Card / PARKnSHOP Supermarket Voucher ! New gift options include but not limited to AirPods Max / Apple HomePod/ CMF by Nothing Watch Pro/ Bose QuietComfort® 45 Headphones!



【Last Chance! Apply for Loan at the Beginning of the Year of Loong! 🐲】Earn with Your Personal Loan Application.
From now until 14 April, apply for $mart Plus Personal Loan via MoneySmart, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands or converted into HK$533 cash! Click here to learn more.

Valid until 14 Apr 2024 - See more details below
Apply Now

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Best Car Loan Rates in HK

Car LoanAPRFeatures
Citi Speedy Cash1.78%Tenor up to 60months
WeLend Personal Loan2.79%no limitation on vehicle type, vehicle usage (private or commercial) and not taking hold of your vehicle license
DBS Personal Instalment Loan1.56%Up to HK$10,000 reward
Promise Easy Loan4.49%Loan calculates in daily interest

Car Loan VS Personal Loan

To get yourself a new set of wheels while keeping your cash flow, applying for car loans can be the best strategy even if you are in a position to pay in full. In the past, car leasing may be the most common option, but with more car loans available, you have more choices than you thought! MoneySmart has summarised your available options when it comes to buying a car:

Car Loans

  • The vehicle registration document will be kept by the car dealer
  • Required to pay deposit upfront (applicable to rental)
  • Required to purchase comprehensive insurance
  • Restrictions on car types and ages

Personal Loans

  • The final loan amount and interest rates will be affected by your credit scores
  • Car buyers can keep the vehicle registration document
  • No restrictions on car types and ages

Should I go for car loans or personal loans?

The application of car loans is simple. It is often taken care of by the car dealer. but the interest rate is less transparent compared to car loans and it has restrictions on the car’s age. Applicants are required to buy comprehensive car insurance and the vehicle registration document will be kept by the car dealer, which is inconvenient. Conversely, if you go for personal loans, it provides you with greater flexibility with no restrictions on the types and the ages of the car. Moreover, you can keep your own vehicle registration document. You can also make use of MoneySmart website to compare the different loan products available before you make a final decision.

Used Car Loans

Prospective buyers may be worried that the car’s age may have a negative effect on the loan application. But this concern is not necessary. Car loans do not have restrictions on the car’s age. In other words, no matter if the car you would like to purchase is a brand new or second hand one, it really does not affect your application. But your application will be affected by your credit scores.

Car Loan FAQ

Is it wise to repay car loans earlier?

It depends on the car loans that you have applied for. In general, you are required to pay an early repayment charge, which makes it unwise to repay earlier.

Should I buy a car with a personal loan?

Buying a car in Hong Kong can cost a fortune from monthly repayment, insurance, maintenance fee, etc. If you don’t have enough funds to pay in full, it is wise to take off some financial pressure by taking out a loan with a low-interest rate to fund your purchase. A personal loan offers better flexibility when compared to car loans, you can also enjoy cash rebates for applying a personal loan through MoneySmart.

What documents are required to apply for car loans in Hong Kong?

You are required to provide proof of identification, proof of residential address, bank statement and car buyer's purchase contract to apply for a car loan.