Loans for Bad Credit Score in Hong Kong

Bad credit loans are products designed especially for people with a poor credit report. These loans come with higher interest rates and greater restrictions to mitigate the risk of you not paying back your loans. Check out the available loans below.

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Loans without Credit Check/for people with bad credit in HK

APR*
4.2%
Total Amount Payable
HK$209,120
Total Interest Payable
HK$9,120
Monthly Payment
HK$8,713
Grantit Non-TU and Express Personal Loan App does not impact TU during application and is therefore a popular choice among HK applicants with bad credit. Grantit loan takes only 28 minutes from approval to money transfer too.
MoneySmart Exclusive
MoneySmart Exclusive

PrimeCredit Fixed Loan

APR*
1.18%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433

[MoneySmart Exclusive Offer] Up to HK$12,000 Cash
Bonus + exclusive up to HK$6,800 Apple Store Gift Card for successful application via MoneySmart! Get up to a total of HK$18,800 reward!



【May the fortune be with you! Until 31/5!】5.1 Golden Week spend fast lend smart.

From now until 31 May, apply for designated PrimeCredit Loan via MoneySmart, you can earn the application bonus valued at HK$500 cash vouchers (given out as 5,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands! Click here to learn more.

Valid until 31 May 2024
PrimeCredit Personal Instalment Loan does not require proof of income for a loan amount of HK$50,000 or less. It can be approved in 10 minute and cash will be disbursed in an hour with no handling or early settlement fee. Apply via MoneySmart to enjoy up to HK$12,000 Cash Bonus + exclusive HK$500 octopus top up value for successful applications.
MoneySmart Exclusive
Instant Approval Online◉
MoneySmart Exclusive
Instant Approval Online◉

Promise Easy Loan

APR*
4.49%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
[Welcome Offer - Get HK$10,000 loan with HK$500 Cash Rewards] From now until 30 June 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 30 Jun 2024
Apply Promise Easy Loan with HKID card and mobile phone only. No supporting document is required for working people, and the maximum loan amount will be HK$100,000. A higher loan amount might be approved if additional documents can be provided.
MoneySmart Exclusive
Instant Approval Online◉
MoneySmart Exclusive
Instant Approval Online◉

Promise No-doc Loan

APR*
4.49%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
[Welcome Offer - Get HK$10,000 loan with HK$500 Cash Rewards] From now until 30 June 2024, successfully apply for Promise Loan and drawdown with the loan amount of HK$10,000, can enjoy HK$500 cash rewards▲. You can apply even without a full-time job◆
Valid until 30 Jun 2024
Flexible repayment period from 3 to 84 months
MoneySmart Exclusive
Income proof free for designated loan amount
MoneySmart Exclusive
Income proof free for designated loan amount

WeLend Personal Loan

The lowest APR
1.88%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573

 Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down!



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From now until 31 May, apply for Welend Personal Loan / Civil Servant Professional Loan via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 31 May 2024
WeLend Personal Loan does not require proof of income and proof of address for a loan amount of HK$100,000 or less. Applicants can apply entirely online without showing up. Applicants can enjoy instant approval and immediate cash delivery. Apply via MoneySmart to get HK$300 supermarket cash coupon and up to HK$10,000 cash rebate for successful drawdown.

Why does Credit Score Matter?

Credit score should be on your radar when it comes to applying for personal loans. This information is useful for lenders to evaluate their risks when lending money to you. They will also use this information to determine the loan amount, tenor and interest rate.

How to Improve My Credit Score?

  1. Settle your bills on time
  2. Check your credit report on a regular basis and amend questionable data timely
  3. Avoid excessive credit card applications


Check out more about improving your credit score on this Complete Credit Score Guide.

FAQ

What impacts my credit score?

It will be affected by your payment records, total credit/loan balance, the length of the credit history and your credit accounts.

What is a credit report?

A credit report is a financial dossier that details your credit activities. It will help banks or finance institutions to evaluate the credit risk of a customer.

Who can access my credit report?

When you apply for loans, credit providers may request to access your credit report.

What should I do if the information in my credit report is questionable?

You can request for data correction with TransUnion. It usually takes around 40 days to complete the investigation.

For how long is a credit score valid?

Generally, it is valid for 5 years. The credit score will be adjusted based on the growth of your credit history and changes in your payment record.