Compare Money Lenders 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
HK$
We found 17 Personal Loans for you!
Sponsored
WeLend logo

Monthly Payment

HK$8,458

Monthly Payment
MoneySmart Exclusive
Income proof free for designated loan amount
APR*
2.79%
Total Amount Payable
HK$101,500
Total Interest Payable
HK$1,500
Monthly Payment
HK$8,458

Selected customer who successfully applied can get HK$500 supermarket cash coupon, no matter the loan is approved or not! You can receive up to $5,000 Cash Rebate upon successful draw down!

Valid until 01 Nov 2021 - See more details below
Apply Now
 安信信貸 logo

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $10,000 Cash Bonus will be rewarded upon successful application!(Exclusive reward will be fulfilled by PrimeCredit)
Valid until 31 Oct 2021 - See more details below
Apply Now
邦民日本財務 logo

Monthly Payment

HK$8,533

Monthly Payment
Welcome Offer
Approval on Sundays
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$8,000 cash reward + $2,000 Apple Store Gift Card to new customers ▲! Welcome Hong Kong non-permanent residents with 3 months and above working visa validity※
Valid until 30 Nov 2021 - See more details below
Apply Now
WeLend logo

Monthly Payment

HK$8,458

Monthly Payment
MoneySmart Exclusive
Income proof free for designated loan amount
APR*
1.88%
Total Amount Payable
HK$101,500
Total Interest Payable
HK$1,500
Monthly Payment
HK$8,458

Selected customer who successfully applied can get HK$500 supermarket cash coupon, no matter the loan is approved or not! You can receive up to $5,000 Cash Rebate upon successful draw down!

Valid until 01 Nov 2021 - See more details below
Apply Now
KM 信貸 logo

Monthly Payment

HK$8,533

Monthly Payment
APR*
4.4%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

Monthly Payment
Promotion
No documents required
APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Promotion:
[Rewards Level Up] Cash Reward up to HK$12,000*
Valid until 31 Oct 2021 - See more details below
Apply Now
Grantit logo

Monthly Payment

HK$8,523

Monthly Payment
MoneySmart Exclusive
Non-TU
APR*
4.2%
Total Amount Payable
HK$102,280
Total Interest Payable
HK$2,280
Monthly Payment
HK$8,523

【Welcome offer Exclusive for MoneySmart Users】From now until 31 October 2021, download the Grantit App and use the promo code 【 Moneysmart100 】to get $100  cash reward upon approval and signing  of the loan contract in the app.

Valid until 31 Oct 2021 - See more details below
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,393

Monthly Payment
Promotion
APR as low as 1.38%
APR*
1.38%
Total Amount Payable
HK$100,720
Total Interest Payable
HK$720
Monthly Payment
HK$8,393
Promotion:
[Rewards Level Up] Cash Reward up to HK$12,000*
Valid until 31 Oct 2021 - See more details below
Apply Now
WeLend logo

Monthly Payment

HK$8,458

Monthly Payment
Promotion
APR*
2.79%
Total Amount Payable
HK$101,500
Total Interest Payable
HK$1,500
Monthly Payment
HK$8,458
Promotion:
Consolidate debt in 1 second^ to save interest. Boost your credit score in just one step! Selected customer can receive up to $5,000 Cash rebate upon successful draw down!
Valid until 01 Nov 2021 - See more details below
Apply Now
 安信信貸 logo

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
Professional suggestions on best repayment plan
APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $10,000 Cash Bonus will be rewarded upon successful application!(Exclusive reward will be fulfilled by PrimeCredit)
Valid until 31 Oct 2021 - See more details below
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,603

Monthly Payment
Promotion
Approval and cash transfer even on Sat and Sun
APR*
6.18%
Total Amount Payable
HK$103,240
Total Interest Payable
HK$3,240
Monthly Payment
HK$8,603
Promotion:
[Rewards Level Up] Cash Reward up to HK$12,000*
Valid until 31 Oct 2021 - See more details below
Apply Now
 安信信貸 logo

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
14-day Flexi Payment
APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $10,000 Cash Bonus will be rewarded upon successful application!(Exclusive reward will be fulfilled by PrimeCredit)
Valid until 31 Oct 2021 - See more details below
Apply Now
AEON信貸財務(亞洲) logo

Monthly Payment

HK$8,533

Monthly Payment
Flexible repayment period to 60 months
APR*
4.48%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Apply Now
UA 亞洲聯合財務 logo

Monthly Payment

HK$8,617

Monthly Payment
Up to 3,000,000 loan amount
APR*
6.18%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,617
Apply Now
易貸網日本財務 logo

Monthly Payment

HK$8,503

Monthly Payment
Welcome Offer
APR*
3.9%
Total Amount Payable
HK$102,040
Total Interest Payable
HK$2,040
Monthly Payment
HK$8,503
Welcome Offer:
Cash rebate up to HK$5,000 
New customers are entitled to a cash rebate up to HK$5,000 after they have successfully applied for and drawn down a loan amount of HK$100,000 or above in accordance with Terms & Conditions. 
Valid until 31 Dec 2021 - See more details below
Apply Now
Zero Finance logo

Monthly Payment

HK$9,083

Monthly Payment
APR*
9.0%
Total Amount Payable
HK$109,000
Total Interest Payable
HK$9,000
Monthly Payment
HK$9,083
Apply Now
BOC 中國銀行 logo

Monthly Payment

HK$8,431

Monthly Payment
$0 Handling Fee
APR*
2.18%
Total Amount Payable
HK$101,173.60
Total Interest Payable
HK$1,173.60
Monthly Payment
HK$8,431
Apply Now

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 Licensed Money Lender Loans in Hong Kong 2021

Money Lenders LoanAPR as low asFeatures
UA i-Money Express Online Personal Loan6.18%Enjoy 0% interest for loans under HK$100,000
UA Finance "NO SHOW" Personal Loan6.18%Fully online, instant cash transfer, including Sat & Sun upon loan approval
WeLend Personal Loan2.79%No income proof and address proof required for loan size less than $300,000
WeLend Debt Consolidation Loan2.79%Offer 3 personalized repayment plan for flexible choice
Promise Easy Loan4.49%Offer no doc loans, get approved even on Sunday
PrimeCredit Civil Servant & Professional Loan2.38%Enjoy as low as 0.1% monthly flat rate with 14-day Flexi Payment
PrimeCredit Fixed Loan2.38%Apply for personal loans from PrimeCredit's mobile application
PrimeCredit Tax LoanN/A10 mins instant approval with fast cash delivery within 1 hour
PrimeCredit Balance Transfer Loan2.38%Tailor-made faster repayment plan with instant approval
AEON Flexi Personal Loan4.48%Offer flexible repayment period up to 48 months without handling fee

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.

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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.