Compare the Best Promise Personal Loans Rates and APRs 2024

As its name implies, getting Promise Easy Loan is made easy with more lenient requirements than most of the banks or other lending companies. There is no minimum income requirement but applicants need to be at least 18 years old Hong Kong permanent resident. The entire process can be done online, and the loan will be disbursed within 30 minutes once approved.

You can apply for a loan for up to HK$100,000 simply with your HKID and mobile number. You may be eligible to borrow more if you provide income and residential proof. Moreover, the repayment period is more flexible, from 3 months to 84 months, while the APR is between 4.49% to 59.26%, depending on your loan amount and profile. Applicants can make early repayment or repay more than agreed with no penalty, and the interest will be adjusted accordingly.

New customers can enjoy HK$3,500 cash reward if the loan amount reaches over HK$200,000. If you borrow HK$150,001 to HK$200,000, you can get HK$2000. For loan amount between HK$70,001 to $150,000, you can enjoy HK$1,000 cash rewards and for loan amount between HK$70,001 to $150,000, you can also get HK$500. Customers need to visit the branch in person to claim the rewards.

You don’t have to pay for any handling fee for loan applications. However, if you fail to keep up with your monthly payment, you will be charged daily interest on the outstanding loan balance and HK$100 administration fee. You can repay extra funds or full funds than the agreed amount or time frame at any point with no additional charges or penalties.