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 14 Personal Loans for you!
WeLend Personal Loan

Monthly Payment

HK$8,573

Monthly Payment
MoneySmart Exclusive
Promotion ends in
The lowest APR
1.38%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573
Limited Time Offer🔥: Free iPhone 16 Pro!
During the Promotion Period, selected customers who have successfully applied for and drawn down with a net loan amount of HK$800,001 or above, on the designated Personal Loan with a minimum loan tenor of twenty-four instalments shall be eligible to receive one iPhone 16 Pro 128GB  (Retail value HK$8,599).
Valid until 08 Dec 2024 - See more details below
Apply Now
Standard Chartered Personal Instalment Loan  (Applicable to Tax Season)

Monthly Payment

HK$8,873

Monthly Payment
MoneySmart Exclusive
APR*
6.28%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873

【MoneySmart Exclusive Offer 】APR as low as 1.85%^, Get total rewards up to HK$26,698!
From now on until 2 January 2025, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to Samsung Galaxy Z Flip6  (value: $8,698) or iPad Air 13-inch 256GB (Value: HK$7,099)Mac mini (M4, 256GB SSD, 16GB RAM) (Value: HK$4,599) or up to HK$7,800 Apple Store Gift Card/ PARKnSHOP Supermarket Voucher/ HKTVmall e-Voucher!

Valid until 02 Jan 2025 - See more details below
Apply Now
DBS Electric Vehicle Personal Instalment Loan

Monthly Payment

HK$8,733

Monthly Payment
MoneySmart Exclusive
APR*
6.72%
Total Amount Payable
HK$200,000
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733

Initiating an Eco-Friendly Lifestyle: Green Car Loans for a New Future♻️
New customers who successfully apply and drawdown DBS Electric Vehicle Personal Instalment Loan via MoneySmart can get up to HK$15,700 rewards + Extra up to 100,000 SmartPoints! Get up to a total HK$25,700 reward!
⠀⠀
100,000 SmartPoints can fully redeem HK$10,000 cash vouchers (over 20+ brand vouchers including Apple / PARKnSHOP supermarket voucher, etc) or iPhone 15 Pro 256GB (Value: HK$9,399) or MacBook Air 13” M3 chip (8GB Memory, 256GB SSD) (Value: HK$8,999) or 11-inch iPad Pro (M4) Wi-Fi 256 GB (Value: HK$7,999) or cash out HK$6,666 via FPS. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints!

Valid until 31 Dec 2024 - See more details below
Apply NowApply directly on MoneySmart
UA "NO SHOW" Personal Loan - Car Loan

Monthly Payment

HK$8,873

Monthly Payment
APR*
1.68%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873
Read More
DBS Personal Instalment Loan (Suitable for Tax Season)

Monthly Payment

HK$8,733

Monthly Payment
MoneySmart Exclusive
Instant cash out single-handedly
APR
6.72%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733

【🔝Offer Upgrade -Get up to a total of HK$19,200 rewards
New customers who successfully apply and drawdown DBS Personal Instalment Loan via MoneySmart can get up to HK$12,000 rewards + Extra up to 72,000 SmartPoints! 
⠀⠀
72,000 SmartPoints can fully redeem HK$7,200 cash vouchers (over 20+ brand vouchers including Apple / PARKnSHOP supermarket voucher, etc) or SAMSUNG Galaxy S24 Plus 256GB (Value: HK$7,598) or SAMSUNG The Freestyle Projector 2nd Gen (Value: HK$6,980) or 11-inch iPad Pro Wi-Fi 128GB (Value: HK$6,499) or cash out HK$4,800 via FPS. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints!

Valid until 31 Dec 2024 - See more details below
Apply Now
Promise Easy Loan

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
Instant Approval Online◉
APR*
1.12%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433

【MoneySmart Exclusive】Drawdown of HK$10,000 or above, - get HK$1,100 + up to HK$15,000 CASH!
⠀⠀
From 1 Dec 2024 to 31 Dec 2024, successfully apply for Promise Easy Loan/Promise No-doc Loan/Promise Debt Consolidation Loan/Promise Personal Loan (Available for Tax Season) via MoneySmart, you can enjoy:
⠀⠀
1️⃣  Eligible New Customers who have completed a drawdown of HK$10,000 of above, are entitled to enjoy HK$1,100 cash rebate (automatically converted by 11,000 SmartPoints and will directly deposit into your FPS account)
⠀⠀
2️⃣  Eligible New Customers who have successfully drawn down the required loan
amount, are entitled to rewards up to HK$15,000 ▲ No Supporting Documents
Required#. Online Instant Approval⦿.
⠀⠀
Earn rewards worth up to HK$16,100 in total!

Valid until 31 Dec 2024 - See more details below
Apply Now
AEON Flexi Loan

Monthly Payment

HK$8,733

Monthly Payment
APR*
4.63%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
Read More
UA "NO SHOW" Personal Loan

Monthly Payment

HK$8,873

Monthly Payment
No document is required
APR*
1.68%
Total Amount Payable
HK$212,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$8,873
Read More
Fubon "EZ Cash" Personal Loan

Monthly Payment

HK$9,046

Monthly Payment
MoneySmart Exclusive
APR* (Calculation is based on loan amount of HK$180,000 or above)
4.08%
Total Amount Payable
HK$217,092.80
Total Interest Payable
HK$17,092.80
Monthly Payment
HK$9,046

【MoneySmart Exclusive Offer - Total rewards up to HK$3,800!】
From now til 30 November 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 31 Dec 2024 - See more details below
Apply Now
Fubon Perfect Fit Personal Loan

Monthly Payment

HK$9,046

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR as low as*
2.38%
Total Amount Payable
HK$217,092.80
Total Interest Payable
HK$17,092.80
Monthly Payment
HK$9,046

【MoneySmart Exclusive Offer - Total rewards up to $15,988!】
From now until 31 December 2024, customers apply Fubon Perfect Fit Personal Loan and successfully draw down the loan, via MoneySmart promocode 「MSRL05」 can enjoy a MoneySmart exclusive reward as high as SAMSUNG Galaxy Tab S9 (12GB RAM + 256GB) - 11" (retail value: HK$7,188) / HK$6,000 Apple Store Gift Card / PARKnSHOP vouchers. Total reward up to HK$15,988!

Valid until 31 Dec 2024 - See more details below
Apply Now
HSBC Personal Instalment Loan

Monthly Payment

HK$9,233

Monthly Payment
Bank Promo
APR
2.38%*
Total Amount Payable
HK$221,600
Total Interest Payable
HK$21,600
Monthly Payment
HK$9,233
Bank Promo:
【Tax Season Lucky Draw: Win up to $33,800 RewardCash】
Customers who apply for a specified loan amount via MoneySmart and successfully apply during the promotion period are subject to this promotion and the relevant terms and conditions, receiving as low as 1.75% APR and up to $18,888 rebates! During the event period, apply for a specified loan amount to join the Lucky Draw and stand a chance to win up to $33,800 RewardCash! (Fulfilled  by HSBC.)
Valid until 10 Dec 2024 - See more details below
Apply Now
PrimeCredit Civil Servant & Professional Loan

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
The Lowest APR
1.18%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433
【PrimeCredit Offer】 Up to HK$18,000 Cash Bonus!
Valid until 31 Dec 2024 - See more details below
Apply Now
PrimeCredit Fixed Loan (Applicable to Tax Season)

N/A

MoneySmart Exclusive
N/A
N/A
N/A
N/A
【PrimeCredit Offer】 Up to HK$18,000 Cash Bonus!
Valid until 31 Dec 2024 - See more details below
Apply Now
【MoneySmart Exclusive Product】WeLend Civil Servant & Professional Loan

Monthly Payment

HK$8,573

Monthly Payment
MoneySmart Exclusive
The lowest APR
1.38%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573
Limited Time Offer🔥: Free iPhone 16 Pro!
During the Promotion Period, selected customers who have successfully applied for and drawn down with a net loan amount of HK$800,001 or above, on the designated Personal Loan with a minimum loan tenor of twenty-four instalments shall be eligible to receive one iPhone 16 Pro 128GB  (Retail value HK$8,599).
Valid until 08 Dec 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.