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Compare Lending Companies Loan in Hong Kong 2021

Compare the best personal loans from lending companies in Hong Kong, with the lowest interest rate and APR, to help you instantly with your financial needs. Read More
100,000 personal loan Paid over 12 Months
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We found 11 Personal Loans for you!
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UA 亞洲聯合財務 logo

Monthly Payment

HK$8,333

MoneySmart Exclusive
HK$300 Godiva voucher

The only Real 0% Interest i-Money Internet Personal Loan in Hong Kong

APR*
0.0%
Total Amount Payable
HK$100,000
Total Interest Payable
HK$0
Monthly Payment
HK$8,333
[From now until Jan 31, 2021] [Online Limited Time Welcome Offer] New customer will be rewarded GODIVA Gift Voucher HK$300^ upon application
Valid until 31 Jan 2021 - See more details below
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安信信貸 logo

Monthly Payment

HK$8,433

MoneySmart Exclusive
10-minute approval and disbursement in an hour

PrimeCredit Fixed Loan

APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $8,000 Cash Bonus for successful applications via MoneySmart！
Valid until 28 Feb 2021 - See more details below
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WeLend logo

Monthly Payment

HK$8,457

Promotion
Income proof free for designated loan amount

WeLend Personal Loan

APR*
2.79%
Total Amount Payable
HK$100,480
Total Interest Payable
HK$484.80
Monthly Payment
HK$8,457
Promotion:
Enhanced A.I. brings you tailor-made quotation and accurate approval! 

Valid until 19 Feb 2021 - See more details below
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WeLend logo

Monthly Payment

HK$8,526

3 tailored repayment plans suggestion

WeLend Card Debt Consolidation Loan

APR*
4.33%
Total Amount Payable
HK$101,296
Total Interest Payable
HK$1,308.96
Monthly Payment
HK$8,526
Apply Now
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邦民日本財務 logo

Monthly Payment

HK$8,533

Welcome Offer
Approval on Sundays

Promise Easy Loan

APR*
4.49%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Welcome Offer:
Up to HK$3,500 instant cash reward to new customers▲! Welcome Hong Kong non-permanent residents with 3 months and above working visa validity※ 
Valid until 31 Jan 2021 - See more details below
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安信信貸 logo

Monthly Payment

HK$8,433

MoneySmart Exclusive
Professional suggestions on best repayment plan

PrimeCredit Balance Transfer Loan

APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $8,000 Cash Bonus for successful applications via MoneySmart！
Valid until 28 Feb 2021 - See more details below
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UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

No documents required

UA "NO SHOW" Personal Loan

APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
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安信信貸 logo

Monthly Payment

HK$8,433

MoneySmart Exclusive
14-day Flexi Payment

PrimeCredit Civil Servant & Professional Loan

APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $8,000 Cash Bonus for successful applications via MoneySmart！
Valid until 28 Feb 2021 - See more details below
Apply Now
More Details
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

Approval and cash transfer even on Sat and Sun

UA i-Money Internet Personal Loan

APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Apply Now
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AEON信貸財務(亞洲) logo

Monthly Payment

HK$8,533

Flexible repayment period to 60 months

AEON Flexi Loan

APR*
4.48%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
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UA 亞洲聯合財務 logo

Monthly Payment

HK$8,617

Up to 3,000,000 loan amount

UA Property Owner's Loan

APR*
6.18%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,617
Apply Now
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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. 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 Licensed Money Lender Loans in Hong Kong 2021

Lending Companies LoanFeaturesWelcome Offers
UA Finance i-Money Internet Personal LoanEnjoy 0% interest for loans under HK$100,000 HKTVmall e-Gift Voucher*or foodpanda Voucher (Valued at HK$300)
UA Finance "NO SHOW" Personal LoanFully online, instant cash transfer, including Sat & Sun upon loan approvalHKTVmall e-Gift Voucher*or foodpanda Voucher (Valued at HK$300)
WeLend Personal Loanoffer instant verification with 3D A.I. identity authenticationN.A.
WeLend Debt Consolidation LoanOffer 3 personalized repayment plan for flexible choice N.A.
Promise Easy LoanOffer no doc loans, get approved even on SundayUp to HK$3,500 cash reward for new customers
PrimeCredit Civil Servant & Professional LoanEnjoy as low as 0.1% monthly flat rate with 14-day Flexi Paymentup to HK$8,000 cash bonus + MoneySmart exclusive $1,000 supermarket coupon
PrimeCredit Fixed LoanApply for personal loans from PrimeCredit's mobile applicationup to HK$8,000 cash bonus + MoneySmart exclusive $1,000 supermarket coupon
PrimeCredit Tax Loan10 mins instant approval with fast cash delivery within 1 hourup to HK$8,000 cash bonus + MoneySmart exclusive $1,000 supermarket coupon
PrimeCredit Balance Transfer LoanTailor-made faster repayment plan with instant approvalup to HK$8,000 cash bonus + MoneySmart exclusive $1,000 supermarket coupon
AEON Flexi Personal LoanOffer flexible repayment period up to 48 months without handling feeN.A.

What is a Licensed Money Lender?

Traditionally, going to the bank was the only way you could get a loan, whether secured (for example, a mortgage, where the bank holds your property as collateral to make sure you repay them) or unsecured (such as a personal loan disbursed in cash).


Today, though, it’s not just banks that do this. There are now hundreds of money lenders in Hong Kong - that is, any company that lends money to individuals.


For those who have difficulty getting a bank loan approved (due to lack of income or bad credit score, for example), money lenders are an alternative, even though they typically charge higher interest rates than banks do.


To protect yourself from illegal businesses, however, you should only borrow from a licensed money lender that is registered with the Hong Kong government. You can find a list of licensed money lenders in the Hong Kong Companies Registry (www.cr.gov.hk) website.

Licensed money lenders are governed by the Money Lenders Ordinance under Hong Kong law, which protects consumers and prevents lending companies from taking advantage of or harassing them.

How to compare the best loans from Lending companies in Hong Kong?

There are numerous lending companies offering loan services in Hong Kong, including personal loan, tax loan, debt consolidation loan and more, with benefits like instant cash delivery, no supporting documents required and loan approval on weekends etc. MoneySmart is here to help you pick the best personal loan from lending companies such as AEON, Promise, PrimeCredit, UA and WeLend, by comparing monthly interest rates, repayment amount, APR or more factors, to fit your financial needs in the most convenient way.

Licensed Lending Companies VS Bank

Approval Process

Licensed money lenders are usually more nimble than banks, so you can usually get a personal loan approved by a moneylender sooner - which would be crucial if you need to borrow money for a sudden emergency.

No Income Proof Required

In some cases, money lenders don’t even require supporting documents from you, which makes the process even quicker. For example, WeLend has a No Document Loan, where you do not need to submit income or address proof.

Application Procedure

Many moneylenders offer online loan applications for customers, which is appealing considering how quickly and conveniently you can get a loan this way.

Can You Borrow from a Money Lender with Bad Credit?

Going to a licensed money lender may be the most suitable option (or the only one) for applicants with bad credit scores. However, one will have to keep in mind that the interest rates from these companies are generally a lot higher than the rates offered by banks (due to the risky nature of these transactions). In Hong Kong, there are over one hundred licensed money lenders. The most popular money lending institutions include WeLend, Promise, UA Finance, and AEON.

Everything you need to know about borrowing from Money Lender

Flexible Payment Plans

Money lenders may charge higher APR than banks, but on the flip side, they usually offer more flexible repayment options, and it might make more sense to go with a money lender if you plan to repay the loan in a very short period (less than a year). While most banks charge fees like 1.5% or 2% if you repay the loan amount ahead of schedule, licensed money lenders typically do not charge such fees. So if your cash flow allows for it, you have the freedom to clear your debt earlier.

Loan Amount Restriction

Money lenders usually restrict the amount a person can borrow if only the minimum documents are submitted.

Terms of Agreement

It would be wise to spend time to read and understand the moneylender’s terms of the agreement . It is important to find out if collateral or guarantor is required. You also need to find out if you will be penalised for making advance payment and the interest rate for late repayment.

Flexible Payment Plans

Money lenders may charge higher APR than banks, but on the flip side, they usually offer more flexible repayment options, and it might make more sense to go with a money lender if you plan to repay the loan in a very short period (less than a year). While most banks charge fees like 1.5% or 2% if you repay the loan amount ahead of schedule, licensed money lenders typically do not charge such fees. So if your cash flow allows for it, you have the freedom to clear your debt earlier.

Personal Loans Eligibility

To apply for a loan, the applicant must be a permanent Hong Kong resident who is at least 18 years of age. Besides, applicants are usually required to submit proof of identity, income proof and proof of address.

Higher Interest Rates

There are many benefits in borrowing money from money lenders but they usually charge higher interest rates than banks, anywhere from 6-30% on average, since they are less strict in requirements, the risks of bad debts are higher.

Frequently Asked Questions

When is the difference between APR or monthly flat rate when borrowing from lending companies?

You should always use APR (annual percentage rate) in calculation whether you are getting a loan from a bank or moneylenders. Although you can easily calculate the monthly repayment amount using monthly flat rates, APR includes fees you may be charged, like handling fee, interests etc, which can give you a better idea of how much you will pay exactly to take out a loan.

Is it safe to apply for personal loans from lending companies online?

You should always do your due diligence to protect yourself from online fraud and scams, though. For example, make sure the money lending site is encrypted (look for the padlock icon) and that the URL is correct. You should also read the terms and conditions carefully to protect yourself from unexpected circumstances.

How much can I borrow from lending companies in Hong Kong?

Most licensed money lenders do not stipulate specific loan limits; instead, they personalize the loan limit based on each applicant’s background, financial situation, and income.

How do I know if a money lender is licensed or not?

Check the Hong Kong Companies Registry for the most updated list of licensed money lenders. You can find this on the Companies Registry website. Should you encounter a company that claims to be licensed, you can also check CR for lists of expired, dismissed and withdrawn money lending licenses.

What is the Money Lenders Ordinance?

The Money Lenders Ordinance is a set of laws that regulate money lending companies in Hong Kong. These are typically meant to protect the consumer. For example, money lenders are prohibited from lending money at more than 60% per annum effective interest rate. Moneylenders are required by law to follow these rules, but of course, there are unlicensed ones with illegal practices as well.

How to get a lower interest rate on a personal loan?

It is important to maintain a good credit rating, which will affect your interest rates. You can do so by paying off debts or correcting any errors in your credit history.

What is APR?

APR (annual percentage rate) is your interest rate stated as a yearly rate, which shows your borrowing cost. An APR for a loan can include fees you may be charged, like handling fees. APR is important because it can give you a good idea of how much you will pay to take out a loan. The lower the APR, the cheaper the loan is.

Are money lending companies legal?

It depends. The Money Lenders Ordinance is a set of laws that regulate money lending companies in Hong Kong. These are typically meant to protect the consumer. For example, money lenders are prohibited from lending money at more than 60% per annum effective interest rate. Money lenders are required by law to follow these rules, but of course, there are unlicensed ones with illegal practices as well.