Compare Lending Companies Loan 2020

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
Borrowing HK$100,000 personal loan for over 12 Months months
HK$
HK$
More Personal Loans Options 
We found 10 Personal Loans for you!
Sponsored
UA Finance logo
Monthly PaymentMonthly Payment

HK$8,603

APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Apply Now
  • 【From now until Apr 29, 2020】【Online Welcome Offer Of Your Choice】New customers will get HKTVmall e-Gift Voucher* or foodpanda Voucher* (Valued at HK$300) upon successful application
Promise logo
Monthly PaymentMonthly Payment

HK$8,533

MoneySmart Exclusive
APR*
4.49%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
MoneySmart Exclusive: Up to HK$3,500 instant cash reward for new customers!▲ Welcome Hong Kong non-permanent residents with 3 months and above working visa validity※ Valid till 29 Apr 2020.
WeLend logo
Monthly PaymentMonthly Payment

HK$8,373

MoneySmart Exclusive
APR*
2.79%
Total Amount Payable
HK$100,480
Total Interest Payable
HK$480
Monthly Payment
HK$8,373
Apply Now
MoneySmart Exclusive: HK$ 3,800 cash rewards for successful application and drawdown on WeLend Personal Loan! Valid till 30 Apr 2020.
WeLend logo
Monthly PaymentMonthly Payment

HK$8,443

APR*
4.39%
Total Amount Payable
HK$101,320
Total Interest Payable
HK$1,320
Monthly Payment
HK$8,443
Apply Now
PrimeCredit logo
Monthly PaymentMonthly Payment

HK$8,433

MoneySmart Exclusive
APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Apply Now
MoneySmart Exclusive: up to $8,000 cash bonus + exclusive $500 octopus for successful applications via MoneySmart Valid till 30 Apr 2020.
PrimeCredit logo
Monthly PaymentMonthly Payment

HK$8,533

MoneySmart Exclusive
APR*
4.64%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
MoneySmart Exclusive: up to $8,000 cash bonus + exclusive $500 octopus for successful applications via MoneySmart Valid till 30 Apr 2020.
PrimeCredit logo
Monthly PaymentMonthly Payment

HK$8,533

MoneySmart Exclusive
APR*
4.64%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
MoneySmart Exclusive: up to $8,000 cash bonus + exclusive $500 octopus for successful applications via MoneySmart Valid till 30 Apr 2020.
AEON Credit Service logo
Monthly PaymentMonthly Payment

HK$8,533

APR*
4.48%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
UA Finance logo
Monthly PaymentMonthly Payment

HK$8,603

APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Apply Now
  • 【From now until Apr 29, 2020】【Online Welcome Offer Of Your Choice】New customers will get HKTVmall e-Gift Voucher* or foodpanda Voucher* (Valued at HK$300) upon successful application
PrimeCredit logo
Monthly PaymentMonthly Payment

HK$8,533

MoneySmart Exclusive
APR*
4.64%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
MoneySmart Exclusive: up to $8,000 cash bonus + exclusive $1,000 supermarket coupon for successful applications via MoneySmart Valid till 30 Apr 2020.

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 2020

  • WeLend Personal Loan: offer instant verification with 3D A.I. identity authentication
  • Promise Easy Loan: Offer no doc loans, get approved even on Sunday
  • PrimeCredit Fixed Loan: Apply for personal loans from PrimeCredit's mobile application
  • AEON Flexi Personal Loan: Offer flexible repayment period up to 48 months without handling fee
  • UA Finance Real 0% Interest i-Money Internet Personal Loan: Enjoy 0% interest for loans under HK$100,000 
  • UA Finance i-Money Internet Personal Loan: Fully online, instant cash transfer, including Sat & Sun upon loan approval

Licensed Money Lender VS Bank

Approval Process

Licensed money lenders are usually more nimble than banks, so you can usually get a personal loan approved by a money lender 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.

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.

Section Title

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.

Is it safe to apply for personal loans 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 money lenders 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.

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.

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

Simply 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.