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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PrimeCredit Fixed Loan: No Proof of Income for HK$50,000 or less

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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.

WeLend Personal Loan: Proof of Income and Address Free + Enhanced A.I. instant approval

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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
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.


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.