Low Interest Rate Loan in HK 2022

Looking for personal loans with low interest rate? Check out the best low interest rate loan below and FAQs before getting a loan.

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What is a low interest rate loan?

A low interest rate loan only focuses on interest rate alone, but handling and administrative fees are not taken into account. To make an informed decision, loan borrowers are recommended to compare the Annual Percentage Rates (APR) of personal instalment loans when choosing the best personal loan.

What is Annual Percentage Rate (APR)?

APR reflects all expenses of your loans including interest rate, admin fees, handling fees etc. If you only consider the monthly flat rate when comparing the personal loan that you would like to apply for, you may be surprised by the hidden charges.

Best Low Interest Rate Loans in HK

APR*
1.38%
Total Amount Payable
HK$100,744
Total Interest Payable
HK$744
Monthly Payment
HK$8,395
Citi Personal Instalment Loan customises a plan for loan borrowers. The maximum loan amount is 12X or HK$2,000,000 and APR is as low as 1.78%, one of the lowest rates in the market!
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$102,160
Total Interest Payable
HK$2,160
Monthly Payment
HK$8,513

Selected customers who have successfully applied for and drawn down can receive up to HK$3,000 Apple Gift Card or supermarket voucher. Welcome offer cash rebate up to HK$16,000, total reward is up to HK$19,000!

Valid until 04 Dec 2022
Looking for easy approval low interest rate loans? WeLend Personal Loan may be your best option! No income proof is required for loan amount less than HK$300,000!
MoneySmart Exclusive
MoneySmart Exclusive

PrimeCredit Fixed Loan

APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
 【MoneySmart Exclusive Offer】Up to HK$12,000 Cash Bonus will be rewarded for successful application! 
Valid until 31 Dec 2022
Looking for instantly approved loans with low interest rates? Try PrimeCredit Fixed Loan - their APR is at 2.38% and application can be approved immediately with loan sizes less than HK$50,000

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Frequently Asked Questions on Loan with Low Interest Rate

Should I choose a personal instalment loan with the lowest monthly interest rate?

Monthly interest rate should not be the only criterion when it comes to choosing personal instalment loan. You also need to take handling fees into consideration so MoneySmart suggests that borrowers should compare the Annual Percentage Rates (APR) of personal instalment loans instead.

How to calculate monthly interest of personal loan?

To calculate monthly interest, you need to know the total loan amount, monthly flat rate and repayment period of the loan plan.

What should I consider before applying for a personal instalment loan?

It is important to understand your financial situation and repayment ability before taking out a loan. It is important not to apply for a loan from a financial institution with a bad reputation. You can read more tips about getting a personal loan on MoneySmart.