Best Tax Loans in Hong Kong 2021

Compare tax loan plans and enjoy lower rates compared with personal loans in tax seasons! Read More
100,000 personal loan Paid over 12 Months
HK$
We found 9 Personal Loans for you!
Sponsored
Citibank 花旗銀行 logo

Monthly Payment

HK$8,395

Monthly Payment
MoneySmart Exclusive
APR*
1.38%
Total Amount Payable
HK$100,744
Total Interest Payable
HK$744
Monthly Payment
HK$8,395

【Limited Time Offer】New customer who successfully apply and drawdown Citi Tax Loan can get up to HK$4,000 Cash Voucher + ExtraiPhone 13 / Galaxy Tab S7+(Wi-Fi) / iPhone 13 mini / Switch Lite /up to HK$8,000 Voucher!!!

Valid until 31 Oct 2021 - See more details below
Apply Now
DBS 星展銀行 logo

Monthly Payment

HK$8,453

Monthly Payment
MoneySmart Exclusive
APR*
2.68%
Total Amount Payable
HK$101,440
Total Interest Payable
HK$1,440
Monthly Payment
HK$8,453

Customer who successfully apply and drawdown DBS Personal Instalment Loan can get up to HK$200  “InstaRedeem” + Extra up to HK$9,800 Supermarket Cash Voucher/Apple Gift Card!! Get up to total HK$10,000 reward

Valid until 31 Oct 2021 - See more details below
Apply Now
WeLab logo

Monthly Payment

HK$8,413

Monthly Payment
MoneySmart Exclusive
APR*
1.68%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413

**【**MoneySmartExclusive Offer 】- get up to HK$2,000 supermarket vouchers
From now until 31 October 2021, new Welab bank customers enter referral code "NLSMRT" to successfully open an account and draw down the loan could win you up to HK$5,000 rewards (Including HK$2,000 supermarket vouchers from MoneySmart)

Valid until 31 Oct 2021 - See more details below
Apply Now
 安信信貸 logo

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
APR*
2.38%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Up to $10,000 Cash Bonus will be rewarded upon successful application!(Exclusive reward will be fulfilled by PrimeCredit)
Valid until 31 Oct 2021 - See more details below
Apply Now
WeLend logo

Monthly Payment

HK$8,458

Monthly Payment
MoneySmart Exclusive
Income proof free for designated loan amount
APR*
2.79%
Total Amount Payable
HK$101,500
Total Interest Payable
HK$1,500
Monthly Payment
HK$8,458

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 - See more details below
Apply Now
邦民日本財務 logo

Monthly Payment

HK$8,533

Monthly Payment
Welcome Offer
Instant Approval Online◉
APR*
4.49%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
Welcome Offer:
Up to HK$8,000 cash reward + $2,000 Apple Store Gift Card to new customers ▲! Welcome Hong Kong non-permanent residents with 3 months and above working visa validity※
Valid until 30 Nov 2021 - See more details below
Apply Now
BEA 東亞銀行 logo

Monthly Payment

HK$8,413

Monthly Payment
0% handling fee
APR*
1.78%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413
Read More
BOC 中國銀行 logo

Monthly Payment

HK$8,431

Monthly Payment
$0 Handling Fee
APR*
2.18%
Total Amount Payable
HK$101,173.60
Total Interest Payable
HK$1,173.60
Monthly Payment
HK$8,431
Apply Now
ZA 眾安銀行 logo

Monthly Payment

HK$8,570

Monthly Payment
MoneySmart Exclusive
APR guaranteed 1.58%
APR*
5.35%
Total Amount Payable
HK$102,844
Total Interest Payable
HK$2,844
Monthly Payment
HK$8,570

Use MoneySmart invitation code【MSZA158】to apply for a loan amount of HKD 50,000 or above to get a 10% loan discount coupon. Enjoy guaranteed APR of 1.58% for a successful loan drawdown of HKD 200,000 or above with a tenor of 6 – 36 months after using the loan discount coupon.
Enjoy extra HKD 400 cash rewards upon opening account through loan application and successfully drawing down a loan.

Valid until 31 Dec 2021 - See more details below
Apply Now

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What is Tax Loan?

Tax loan is type of loan offered during tax season to help applicants cover their tax bills. Check out this guide on how to pay tax and compare tax loans for more information.

Best Tax Loans in HK

Tax LoansLowest APRRepayment period
Dah Sing Bank Tax Loan1.38%12 months
HSBC Personal Tax Loan1.62%6 to 24 months
Citibank Tax Season Loan1.78%6 to 60 months
BEA Tax Season Loan1.78%Up to 60 months
BOC "iSmart" Tax Loan1.78%6 to 18 months
DBS Tax Season Loan2.53%12 to 24 months

Why should I apply for tax loans?

1. Tax loan programmes are launched in October and November every year by major banks. To attract customers, it usually comes with a very low rate and cash rebate.

2. The APR of tax loans can be as low <2%. The higher the loan amount, the lower the rate.

3. The loan amount is very high - between HK$2M-4M. It can be used not only for tax payment but also for your other plans in life.

4. The repayment period is shorter than personal loan, but it is between 6-24 months

Why do we need tax loans?

Paying tax

During the tax season, Hong Kong banks and private financial lenders provide tax loans in a lower interest rate with longer repayment, some of them even extend to 48 months. So that you are able to manage cash flow with higher flexibility.

Simpler and more flexible loan application

Lower interest rates, simpler application and fewer limitations are highlights. As long as you’re age 18+ and earning HK$60,000+/year or HK$5,000+/month, you’re welcomed to apply for tax loans. Bring a copy of your latest tax slip and you’re good to go!

How to pick the best tax loan?

Interest rate is not the ONLY factor for comparing tax loans

Comparing loan plans are not only about interest rates but the total costs of your loan, such as the total amount, repayment period, and handling fee. So, Annual Percentage Rate (APR) expressed as a percentage of the actual yearly cost of a loan over the term. It is the best indicator when doing the comparison of different loan plans.

Are Tax loans only for tax payment?

Tax loans are not only for tax payment. It can be used for funds for your other plans, such as a home renovation, marriage, further education or additional cash flow.

Tips for Getting Tax Loans and Comparing Tax Loans

Tip #1

Annual Percentage Rate (APR) is the key to compare loans

The calculation of APR includes all the interests, admin fees and handling fees of a tax loan. That’s why APR is the best way to compare the actual expenses of tax loans.

Tip #2

Different loan promotions launch in tax seasons

Banks and private lenders usually launch tax loan offers from October to April of the next year. Out of all loan promotions, cash rebate is the most common one – the more you borrow, the more rebates you can get.

Tip #3

Be aware of the terms and conditions in loans

Some tax loans may look attractive with an extremely low interest rate. But everything come at a price — the banks will ask you to set up an account and make a huge deposit first; or they’ll set a bottom limit to your borrowing amount, then you’ll have to borrow a loan of $1,000,000+ to get the lowest interest rate.

How can I apply for Tax Loan? Can I apply online?

You can apply for a tax loan through bank branches, websites or mobile apps. You may be required to submit a copy of your tax return when applying for a tax loan. It is important to "shop around" comparing relevant information and terms provided by different banks before applying. You can have a quick overview of all the major tax loan programmes available on MoneySmart before you make your decision.
You can also apply for tax loan online via MoneySmart online. Successful applicants to certain tax loan products such as Citi Tax Loan can even earn extra cash vouchers.

Frequently Asked Questions

Am I qualified for tax loan applications?

If you’re 18+ and earning HK$60,000+/year or HK$5,000+/month, simply bring a copy of your latest tax slip, you’re qualified.

Where can I get a tax loan?

Banks and financial lenders usually launch tax loan offers from October to April of the next year.

How much can I borrow from a tax loan?

It depends on your salary. Banks and financial lenders can borrow you a tax loan at maximum 8x to 12x of your monthly salary.

How long can my tax loan repayment period be?

Normally it’s 6 to 24 months for tax loans. Banks and financial lenders will set you a fixed repayment amount. The longer the repayment period, the lower the monthly repayment amount, and the higher the interest rate.

Do tax loans have any extra handling fee?

Some banks not only calculate interest with monthly flat rate, but they also charge you a handling fee, which is usually 1% of your loan amount.

What are the interest rates of tax loans?

The annualised percentage rate of tax loans is between 2% to 11%, depending on your loan amount and repayment period.

What do I need to prepare for my tax loan application?

You’ll need these are the documents for your tax loan:
  • Photocopy of your HKID card (both sides);
  • If you’re an employee, you’ll need your salary proof or your bank statement for the last 3 months and the latest tax slip.
  • If you’re self-employed, you’ll need your full set of latest Profits Tax Demand Note for the last 2 years and your bank statement for the last 6 months.