Low Interest Rate Loan in HK
Looking for personal loans with low interest rate? Check out the best low interest rate loan below and FAQs before getting a loan.
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
DBS Personal Instalment Loan
- APR as low as*
- 5.91%
- Total Amount Payable
- HK$209,600
- Total Interest Payable
- HK$9,600
- Monthly Payment
- HK$8,733
【🔝Offer Upgrade -Get up to a total of HK$19,200 rewards】
New customers who successfully apply and drawdown DBS Personal Instalment Loan via MoneySmart can get up to HK$12,000 rewards + Extra up to 72,000 SmartPoints!
⠀⠀
72,000 SmartPoints can fully redeem HK$7,200 cash vouchers (over 20+ brand vouchers including Apple / PARKnSHOP supermarket voucher, etc) or SAMSUNG Galaxy S24 Plus 256GB (Value: HK$7,598) or SAMSUNG The Freestyle Projector 2nd Gen (Value: HK$6,980) or 11-inch iPad Pro Wi-Fi 128GB (Value: HK$6,499) or cash out HK$4,800 via FPS. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints!
WeLend Personal Loan
- The lowest APR
- 1.38%
- Total Amount Payable
- HK$205,760
- Total Interest Payable
- HK$5,760
- Monthly Payment
- HK$8,573
Limited Time Offer🔥: Free iPhone 16 Pro!
During the Promotion Period, selected customers who have successfully applied for and drawn down with a net loan amount of HK$800,001 or above, on the designated Personal Loan with a minimum loan tenor of twenty-four instalments shall be eligible to receive one iPhone 16 Pro 128GB (Retail value HK$8,599).
⠀⠀
MoneySmart Exclusive Offer － Regardless of Approval：
From 1 October until 31 October 2024, applying WeLend Personal Loan / Civil Servant & Professional Loan / Card Debt Consolidation Loan / Tax Loan, completed the entire application process (including checking of credit report) and have submitted all required documents and information, can get extra 5,000 SmartPoints *(can redeem value of HK$500 vouchers or products)*regardless of approval.
⠀⠀
Investment + Loans: Ultimate 5 Rewards 🎉 : Successfully opening a designated online brokerage account via MoneySmart, get up to HK$38,300 Rewards in 3 simple steps, including up to HK$3,500 vouchers!→ Visit the event page for more information.
PrimeCredit Fixed Loan
- The Lowest APR
- 1.18%
- Total Amount Payable
- HK$202,400
- Total Interest Payable
- HK$2,400
- Monthly Payment
- HK$8,433
【MoneySmart Exclusive】Unlimited quota - Earn CASH Straight to Your Account!
From 14 Oct 2024 to 31 Oct 2024, successfully apply for PrimeCredit Fixed Loan/ PrimeCredit Civil Servant & Professional Loan/ PrimeCredit Balance Transfer Loan via MoneySmart, you can enjoy:
1️⃣ Up to HK$12,000 Cash Bonus and a Limited-Time Offer of HK$1,000 Supermarket Coupon for successful application via MoneySmart
2️⃣ For a net drawdown of HK$50,000 or above, you can earn HK$500 cash rebate (automatically converted by 5,000 SmartPoints) and will directly deposit into your FPS account
Earn rewards worth up to HK$13,500 in total!
Find out more aboutPersonal Loan
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.