Compare Debt Consolidation Loans in Hong Kong 2024

Looking for ways to get out of debts? Compare Debt Consolidation Loans now to clear your debts with a lower APR and loan rate. Read More
200,000 personal loan Paid over 24 months
HK$
We found 17 Personal Loans for you!
Sponsored
DBS logo

Monthly Payment

HK$8,713

Monthly Payment
MoneySmart Exclusive
Loan amount up to HK$2,000,000
APR*
6.49%
Total Amount Payable
HK$200,000
Total Interest Payable
HK$9,120
Monthly Payment
HK$8,713

【Earn 8,000 SmartPoints Regardless of Approval!】
From now until 31 March 2024, apply for DBS Debt Consolidation Loan via MoneySmart and submit the required documents, you can earn an extra 8,000 SmartPoints (equivalent to HK$800) 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.



👑Rewards Peaking: Up to HK$32,599!Take a step to building your wealth by consolidating your debts today! 
During Flash Sales (18-31 March 2024), both new and existing customers who successfully apply and drawdown DBS Debt Consolidation Loan via MoneySmart can get up to HK$18,800 rewards. But that's not ALL! Customers could also get an extra MoneySmart exclusive reward: up to HK$10,500 cash vouchers or The New iMac 24-in. (M3) or iPhone 15 256GB or iPad Pro 11-in. (4th generation) Wi-Fi 128 GB! With the DBS coupon and Application Bonus, the total rewards can be elevated up to HK$32,599!

Valid until 31 Mar 2024 - See more details below
Apply Now
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Standard Chartered logo

Monthly Payment

HK$8,736

Monthly Payment
MoneySmart Exclusive
Guaranteed application reward HK$800
APR*
4.67%
Total Amount Payable
HK$209,672
Total Interest Payable
HK$9,672
Monthly Payment
HK$8,736

【MoneySmart Exclusive Offer 】- Get total reward up to HK$30,898! Get loan to enjoy a monthly flat rate as low as 0.2%^
From now on until 31 March 2024, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to a SAMSUNG Galaxy S24 Ultra Smartphone (retail price $9,898)orHK$7,800 PARKnSHOP supermarket voucher or HK$7,800 Apple Store Gift Card.

Enjoy SC bank welcome offer up to HK$21,000 cash rebate, total rewards up to HK$30,898! 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 Tax Loan at the Beginning of the Year of Loong! 🐲】Earn with Your Tax Loan Application. From now until 31 March, 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 31 Mar 2024 - See more details below
Apply Now
WeLend logo

Monthly Payment

HK$8,573

Monthly Payment
MoneySmart Exclusive
The lowest APR
1.88%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573
Consolidate debt in 1 second^ to save interest. Boost your credit score in just one step! Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down! 
Valid until 31 Mar 2024 - See more details below
Apply Now
WeLab Bank logo

Monthly Payment

HK$8,693

Monthly Payment
MoneySmart Exclusive
APR*
4.11%
Total Amount Payable
HK$208,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$8,693

[Mar Loan Promotion - Real Cash!]
From now on till 31 March 2024, successfully draw down the loan using MoneySmart unique code "NLSMRT" could enjoy up to HK$13,888 cash rebate offered by WeLab Bank and MoneySmart exclusive rewards up to 80,000 SmartPoints, you can customise your PERFECT REWARDS worth of HK$8,000 with 20+ brand vouchers and products (Brands include but not limit to Apple, Klook, YATA etc) 80,000 SmartPoints can be converted into over HK$5,300 cash and credited to your FPS account directly! (T&C apply)



Exclusive Interest saving guarantee! Clear your card debts and save HKD 50,000 interest expenses, or get HKD 50,000 cash! Also enjoy up to HK$21,888 rewards!

*Upon your submission of the gift redemption form, you acknowledge and agree the information entered in this form may be shared to business partners for validation and that business partners may share their results back to us for fulfilment purposes in accordance with our privacy policy.

Valid until 31 Mar 2024 - See more details below
Apply Now
PrimeCredit logo

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
APR*
1.18%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433
【MoneySmart Exclusive Limited Offer!】 Up to HK$12,000 Cash Bonus + exclusive offer of up to HK$7,800 Apple Store Gift Card 🔥 for successful application via MoneySmart! Get up to a total of HK$19,800 reward!
Valid until 31 Mar 2024 - See more details below
Apply Now
Citibank logo

Monthly Payment

HK$8,713

Monthly Payment
MoneySmart Exclusive
APR*
6.78%
Total Amount Payable
HK$209,120
Total Interest Payable
HK$9,120
Monthly Payment
HK$8,713

【Citi Loan rewards you with rewards as high as $15,880!】
New customer who successfully apply for Citi Tax Season Loan/Citi Card Debt Consolidation Loan on or before 31 March 2024 and successfully draw down on or before 30 April 2024 would be eligible for MoneySmart exclusive gift up to HK$7,500 Apple Store Gift Card/ PARKnSHOP supermarket vouchers!
Popular physical gift options include Dyson Purifier Big+Quiet Formaldehyde BP03 (retail value HK$7,880) / Apple iPad Pro 11-inch (128GB) (retail value:HK$6,499) MITSUBISHI MJ-E100AR-H 18L Dehumidifier (retail value: HK$4,700) / Apple Watch Series 9 (GPS) - 45mm (retail value: HK$3,399) / JBL Link 20 Voice-activated portable speaker (retail value: HK$1,699)

Valid until 31 Mar 2024 - See more details below
Apply Now
China CITIC Bank International logo

Monthly Payment

HK$8,900

Monthly Payment
MoneySmart Exclusive
APR*
6.72%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,900

【 CITIC Bank x MoneySmart Exclusive Offer 】- Get total reward up to HK$4,599!
Customers successfully apply for CNCBI $mart Plus Tax Season 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/ SHKP Malls Gift Card ! New gift options include but not limited to AirPods Max / Apple HomePod/ JBL Charge 5 Wireless Speaker/ Bose QuietComfort® 45 Headphones!

Valid until 31 Mar 2024 - See more details below
Apply Now
Zero Finance logo

Monthly Payment

HK$9,673

Monthly Payment
APR*
8.0%
Total Amount Payable
HK$232,160
Total Interest Payable
HK$32,160
Monthly Payment
HK$9,673
Read More
AEON Credit Service logo

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
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
[Get HK$10,000 loan with HK$500 Cash Rewards] From now until 31 March 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 31 Mar 2024 - See more details below
Apply Now
CreFIT logo

Monthly Payment

HK$8,533

Monthly Payment
Bank Promo
Settle your credit card balance as fast as 3 mins
APR*
1.98%
Total Amount Payable
HK$204,800
Total Interest Payable
HK$4,800
Monthly Payment
HK$8,533
Bank Promo:
From now until 31 March, new customers who successfully apply for CreFIT ClearCard Credit via MoneySmart and possess a good repayment record for the first 3 months after loan disbursement, can enjoy a full-term interest rebate of up to 20% (up to HK$40,000); and a 7-day interest-free cooling-off period ("Cooling-off Period"), for the first 7 days after loan withdrawal!


Reminder: CreFIT ClearCard Credit currently supports 10 Hong Kong credit card issuers. Upon the acceptance of the loan agreement, the fund will immediately be disbursed to the designated credit card account(s) via FPS!
Valid until 31 Mar 2024 - See more details below
Apply Now
Bank of China logo

Monthly Payment

HK$9,173

Monthly Payment
Up to HK$23,988 Cash Rebate
APR*
10.01%
Total Amount Payable
HK$216,152
Total Interest Payable
HK$16,152
Monthly Payment
HK$9,173
Read More
Fubon Bank logo

Monthly Payment

HK$9,137

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR as low as*
3.88%
Total Amount Payable
HK$219,286.40
Total Interest Payable
HK$19,286.40
Monthly Payment
HK$9,137

【MoneySmart Exclusive Offer - Total rewards up to $24,080!】
From now until 31 March 2024, customers apply Fubon Balance Transfer Personal Loan exclusive promotional code:**「MSRL10」**and successfully draw down the loan, can enjoy a MoneySmart exclusive reward as high as 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$24,080!

Valid until 31 Mar 2024 - See more details below
Apply Now
Airstar Bank logo

Monthly Payment

HK$8,593

Monthly Payment
APR*
2.99%
Total Amount Payable
HK$206,240
Total Interest Payable
HK$6,240
Monthly Payment
HK$8,593
Read More
Dah Sing Bank logo

Monthly Payment

HK$8,742

Monthly Payment
Monthly flat rate as low as 0.11%
APR
4.83%
Total Amount Payable
HK$205,280
Total Interest Payable
HK$5,396.16
Monthly Payment
HK$8,742
Read More
Hang Seng Bank logo

Monthly Payment

HK$8,733

Monthly Payment
APR*
6.68%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
Read More
China Construction Bank(Asia) logo

Monthly Payment

HK$8,773

Monthly Payment
Monthly flat rate as low as 0.22%
APR as low as*
4.95%
Total Amount Payable
HK$210,560
Total Interest Payable
HK$10,560
Monthly Payment
HK$8,773
Read More

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Debt Consolidation Loans in HK

DEBT CONSOLIDATION LOAN PLANSAPRFeatures
Citibank Card Debt Consolidation Loans3.13%Repayment term up to 72 months
PrimeCredit Balance Transfer Loan2.38%Repayment terms up to 60 months
CNCBI $mart Plus Personal Installment Loan – Debt Consolidation7.19%HK$2,000,000 or 21 times of your monthly salary
WeLend Card Debt Consolidation Loan2.79%Interest savings plan save up to 90% interest-savings
DBS Debt Consolidation Loan4.27%Up to HK$4,500 reward for applying
Promise Debt Consolidation Loan4.49%Instant transfer once loan is approved
CCBA Balance Transfer Loan Program4.80%up to HKD1,200,000 or 21 times of your monthly salary

How to Pick the Best Debt Consolidation Loan?

What is a debt consolidation loan?

Debt consolidation (also known as balance transfer) is a way to transfer higher-interest debt to a lower-interest debt repayment by gathering all your outstanding, unsecured debt from credit cards and personal loans into one monthly payment. You will save on interest, enjoy a reduced repayment amount and a shortened repayment period. Banks or money lenders will pay your former creditors directly via bank transfers or promissory notes.

Why Do We Need Debt Consolidation Loans?

Avoid snowballing your debts

Try to pay attention to your lowest interest rate cards to consider transferring a higher-interest bill to that one by having APR at 12% instead of the one at 30%. Otherwise, get a debt consolidation to pay off all outstanding, unsecured debts then pay back the loan in fix-rate instalments over a set of terms. By clearing all debts on time, you can also improve your credit score.

Simpler and more flexible loan application

As long as you’re 18+ and earning HK$5,000+/month, you’re welcomed to apply for debt consolidation loans. Simply bring your identity card, residential address proof, bank statement, and salary slip and you’re good to go!

Tips for Getting Debt Consolidation Loans

Tip #1

Compare Annual Percentage Rate (APR)

The calculation of APR includes all the interests, admin fees and handling fees of a loan. That’s why APR is the best way to compare the actual expenses of personal loans.

Tip #2

Compare debt consolidation rebates

Debt consolidation loans typically come with lower interest rates than balance transfer credit cards. Also, different banks offer rebates that would lower your costs of monthly loan repayments.

Frequently Asked Questions

What exclusive offers can I enjoy if I apply for debt consolidation loans via MoneySmart?

You can enjoy various exclusive offers by applying for debt consolidation loans through MoneySmart: New customers who apply and draw drawdown Citi Card Debt Consolidation Loan through us can enjoy up to $12,000 cash vouchers; apply and drawdown SCB Debt Consolidation Program can enjoy up to $14,000 cash rebate! Check out more offers on MoneySmart NOW!

Am I qualified for debt consolidation loan applications?

If you’re 18+ and earning HK$5,000+/month, you’re welcomed to apply for debt consolidation loans. Simply bring your identity card, residential address proof, bank statement, and salary slip, and you’re good to go.

How much can I borrow from a debt consolidation loan?

It depends on your salary and the loan cap of banks or money lenders. The loan amount can be 18x to 21x of your salary.

How long can my loan repayment period be?

Normally, it’s 72 months. Banks and money lenders will set a fixed monthly repayment amount. The longer the repayment period, the lower the repayment amount, and the higher the interest rate.

How much interest expenses can a debt consolidation loan save for me?

Debt consolidation loans APR can be as low as 4% in Hong Kong, which is far lower than credit card 30% interest rate. Some loan plans can save up to 80% interest expenses for you, but it depends on your approved APR and credit score.

What do I need to prepare for my debt consolidation loan application?

You’ll need these are the documents for your debt consolidation loan:
  • Photocopy of your HKID card (both sides);
  • Residential address proof (e.g. electricity bill, demand notes for rates);
  • Salary proof of the latest month (e.g. salary proof, bank statement).
If you’re self-employed, you may need to submit a full set of the latest Profits Tax Demand Note.

Where can I get a debt consolidation loan?

You can apply to banks and money lenders in-person or online for debt consolidation loans.