Best Car Loan in Hong Kong 2026
Planning to purchase your dream car? Compare car loans in Hong Kong on MoneySmart now!
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We found 11 Personal Loans for you!
Citywide Goal Big Limited-Time Offer ⚽ HK$1,600 Application Bonus + 12% Additional Cash Rebate 🚨
💰 HK$1,600 Cash Reward regardless of approval
⚽ Citywide Goal Big Limited-Time Offer, extra 12% WeLend Cash Rebate, up to HK$33,600
⚡ No Income or Address Proof Required for Loan Amounts Below HK$300,000
💨 AI-Powered Ultra-Fast Processing – Get Cash Anytime, 24/7
Valid till 30 Jun 2026
【Low-Interest ⚠️ Use Promo Code「NLSMRT」and Get HK$1,300 Regardless of Approval 📈】
From now until 30 June 2026, successfully apply for a WeLab Bank Personal Instalment Loan via MoneySmart with promo code 「NLSMRT」to enjoy exclusive perks:
1️⃣ APR as low as 0.65%
2️⃣ Submit all required documents and receive HK$1,300 cash voucher regardless of approval
3️⃣ Total rewards of up to HK$30,848
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No need to borrow up to HK$500,000, loans of HK$283,000 or more can enjoy as low as 0.65% APR!
Valid till 30 Jun 2026
🤑【 Limited-Time Summer Offer — Get HK$400 Cash + Total Cash Rewards Up to HK$21,100!】
From 1 June to 30 June 2026, customers who successfully apply for Citi Speedy Cash / Citi Card Debt Consolidation Loan and submit required documents, and borrow HK$200,000 or above with a repayment tenor of 12 months or above to receive HK$400 Cash (converted from 4,000 SmartPoints)💰Enjoy total rewards worth up to HK$22,600, including the loan drawdown reward!
【✨Limited-Time Drawdown Reward Upgrade – Earn Up to HK$14,200 Voucher / Up to HK$12,700 Cash! ✨】
From 1 June to 30 June 2026, New customers who successfully apply and draw down on or before 14 July 2026 , are eligible for MoneySmart exclusive gifts🎁 Pick your favourite: HK$14,200 Apple Store Gift Card / PARKnSHOP supermarket vouchers / Trip.com e-Vouchers / 🤑 HK$12,700 Cash!
Valid till 30 Jun 2026
【MoneySmart Exclusive Offer】🕊️ Enjoy brand new SAMSUNG Galaxy S26 !📱
From today until 30 June 2026, customers successfully apply for Standard Chartered Personal Loan via MoneySmart and draw down the designated loan amount, enjoy exclusive gift from MoneySmart:
🌟 SAMSUNG Galaxy S26 (12GB RAM + 256GB) (Value: HK$6,898); or
🌟 Carrier 22L Air Purification & inverter Dehumidifier (DC-22VS) (Value: $4,880); or
🌟 Apple Watch SE 3 GPS + Cellular (44mm) (Value: $2,599)
🌟 Up to HK$6,000 Apple Store Gift Card/Parknshop e-Voucher/ HKTVmall e-Gift Voucher!
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APR as low as 1.85%^ 💵 Get total rewards up to HK$14,898, including Cash Rebate from the bank!
Valid till 30 Jun 2026
Citywide Goal Big Limited-Time Offer ⚽ HK$1,600 Application Bonus + 12% Additional Cash Rebate 🚨
💰 HK$1,600 Cash Reward regardless of approval
⚽ Citywide Goal Big Limited-Time Offer, extra 12% WeLend Cash Rebate, up to HK$33,600
⚡ No Income or Address Proof Required for Loan Amounts Below HK$300,000
💨 AI-Powered Ultra-Fast Processing – Get Cash Anytime, 24/7
Valid till 30 Jun 2026
【Low-Interest ⚠️ Use Promo Code「NLSMRT」and Get HK$1,300 Regardless of Approval 📈】
From now until 30 June 2026, successfully apply for a WeLab Bank Personal Instalment Loan via MoneySmart with promo code 「NLSMRT」to enjoy exclusive perks:
1️⃣ APR as low as 0.65%
2️⃣ Submit all required documents and receive HK$1,300 cash voucher regardless of approval
3️⃣ Total rewards of up to HK$30,848
⠀⠀
🤯 No need to borrow up to HK$500,000, loans of HK$283,000 or more can enjoy as low as 0.65% APR!
Valid till 30 Jun 2026
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⚡ APR as low as 1.18% ✨ No handling fee ✔️ No income proof required for loans of HK$100,000 or below. Online application with 24/7 instant approval and loan disbursement
Only applicable to eligible customers. For more loan and offer details, please visit the PrimeCredit website.
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All examples are for reference only. Final approval is subject to the applicant’s individual circumstances.
Valid till 30 Jun 2026
【MoneySmart Exclusive】HK$800 cash reward regardless of loan approval result 💰 Total reward up to HK$3,300
During promotion period 1 June 2026 to 30 June 2026 (both dates inclusive), eligible new customers who successfully apply via MoneySmart for Promise Easy Loan / Promise No-doc Loan / Promise Debt Consolidation Loan can receive:
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1️⃣ Receive HK$800 cash reward regardless of loan approval result (automatically converted from SmartPoints and directly credited to your FPS account)
2️⃣ Drawdown for a designated loan amount, can receive HK$2,000 cash reward (automatically converted from SmartPoints and directly deposited into FPS account)
3️⃣ Apply online using promo code「WEB500」can receive an extra HK$500 shopping voucher ⬟ upon first drawdown of a designated loan amount
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⚡ No supporting documents required #｜ Instant online approval ⦿
👉 Earn rewards worth up to HK$3,300 in total!
Valid till 30 Jun 2026
【June Exclusive Offer 🎊 Get up to a total of HK$20,600 rewards】
New customers successfully apply via MoneySmart and drawdown DBS Personal Instalment Loan can get up to HK$16,300 rewards + MoneySmart exclusive reward up to extra 43,000 SmartPoints!
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MoneySmart exclusive reward - up to extra 43,000 SmartPoints!
43,000 SmartPoints can fully redeem HK$4,300 cash vouchers or GoPro HERO13 Black Action Camera (Value: HK$3,200) or Apple Watch Series 11 (GPS) - 46mm (Value: HK$3,399). The Rewards Store has more options to choose from!
Valid till 30 Jun 2026
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⚡ APR as low as 1.18% ✨ No handling fee ✔️ No income proof required for loans of HK$100,000 or below. Online application with 24/7 instant approval and loan disbursement
Only applicable to eligible customers. For more loan and offer details, please visit the PrimeCredit website.
⠀⠀
All examples are for reference only. Final approval is subject to the applicant’s individual circumstances.
Valid till 30 Jun 2026
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Best Car Loan Rates in HK
| Car Loan | Lowest APR | Features |
|---|---|---|
| Citi Speedy Cash | 1.78% | Tenor up to 60 months |
| WeLend Personal Loan | 2.79% | No limitation on vehicle type, vehicle usage (private or commercial) and not taking hold of your vehicle license |
| DBS Personal Instalment Loan | 4.03% | Up to HK$20,600 reward |
| Promise Easy Loan | 1.12% | 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?
Used Car Loans
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.
AI Summary
- Top car loan options in Hong Kong include Citi Speedy Cash (lowest APR 1.78%, up to 60 months tenor), WeLend Personal Loan (2.79%, no restrictions on vehicle type or use), DBS Personal Instalment Loan (4.03%, up to HK\$20,600 reward), and Promise Easy Loan (1.12%, loans calculated with daily interest).
- Car loans require the car dealer to keep the vehicle registration document, an upfront deposit, and comprehensive insurance; restrictions may apply to car type and age.
- Personal loans offer more flexibility—no car type or age restrictions, and the vehicle registration remains with the buyer. Rates and approval depend on your credit score.
- Car loans application is simple but less transparent on rates; personal loans offer greater transparency and sometimes cash rebates.
- Used cars are eligible for car loans with no age restrictions, but your credit score is a key approval factor.
- Applying for either loan may require proof of ID, address, bank statements, and (for car loans) the purchase contract. Early repayment charges may apply for car loans.