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.

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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

MoneySmart Exclusive
Instant cash out single-handedly
MoneySmart Exclusive
Instant cash out single-handedly

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!】New customers who successfully apply and drawdown DBS Personal Instalment Loan via MoneySmart can get up to HK$12,000 rewards + Extra up to HK$7,200 PARKnSHOP Supermarket Voucher/ Apple Store Gift Card! Get up to a total HK$19,200 reward!

Valid until 31 Jul 2024
DBS Personal Instalment Loan offers APR as low as 1.56%. If you are looking for bank loans with low interest rates, this is for sure your best choice!
MoneySmart Exclusive
MoneySmart Exclusive

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!
【WeLend Limited-time Offer! Regardless of Approval】
From 24 June to 31 July (both dates inclusive),  new customers who have applied for the designated Personal Loan through designated online channels with a net applied loan amount of HK$100,000 or above, have completed the entire application process (including checking of credit report) and have submitted all required documents and information during the Promotion Period, regardless of approval result, shall be eligible to receive a HK$1,000 travel voucher (“Gift”).
Valid until 31 Jul 2024
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

The Lowest APR
1.18%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433
【MoneySmart Exclusive Limited Offer!】 Up to HK$12,000 Cash Bonus
Valid until 31 Jul 2024
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.