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Best Tax Loans in Hong Kong 2022

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
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We found 6 Personal Loans for you!
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Citibank 花旗銀行 logo

Monthly payment

HK$8,395

MoneySmart Exclusive

Citi Speedy Cash Loan

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 Speedy Cash Loan/Citi Card Debt Consolidation Loan can get MacBook Pro 13inch 256GB**/ Sonos Arc The Premium Smart Soundbar / Samsung Galaxy S22 5G 8GB-256GB / Dyson Purifier Hot+Cool™ Formaldehyde HP09 / iPad Air 256GB**/Sony LinkBuds/up to HK$10,000 Voucher!!! Successful application on Citi Credit Card through MoneySmart and accumulating eligible transactions of HK$300 or above can get HK$1,500 Apple Gift Card/Supermarket Voucher/Decathlon Voucher/Bose QuietComfort® True Wireless Bluetooth Earbuds (Retail value: HK$2,299)！

Valid until 31 May 2022 - See more details below
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WeLab logo

Monthly Payment

HK$8,413

MoneySmart Exclusive

GoFlexi Bank Personal Loan

APR* (Inclusive of HKD 3,000 cash rebate)
1.27%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413

【MoneySmart Exclusive Offer 】- get up to HK$3,000 supermarket vouchers / Apple Watch Series 7
From now until 31 May 2022, customers enter referral code "NLSMRT" to successfully apply for loan and draw down the $500,000 loan could win you up to HK$6,499 rewards (Including $3,000 draw down cash rebate from WeLab Bank and HK$3,000 supermarket vouchers / Apple Watch Series 7 from MoneySmart); new Welab bank customers enter referral code "NLSMRT" to successfully open an account could get an extra $300 account opening spending rebate.

Valid until 31 May 2022 - See more details below
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Citibank 花旗銀行 logo

Monthly Payment

HK$8,395

Bank Promo

Citi Tax Season Loan

APR*
1.38%
Total Amount Payable
HK$100,744
Total Interest Payable
HK$744
Monthly Payment
HK$8,395
Bank Promo:
Thanks for your support! Citi Tax Loan promotion has ended and please find the latest promotion of Citi Speedy Cash product in here
Valid until 31 May 2022 - See more details below
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邦民日本財務 logo

Monthly Payment

HK$8,533

Instant Approval Online◉

Promise Personal Loan (Available for Tax Season)

APR*
4.49%
Total Amount Payable
HK$102,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,533
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Grantit logo

Monthly Payment

HK$8,433

Bank Promo
Non-TU

Grantit TU-Free Tax Loan

APR*
2.0%
Total Amount Payable
HK$101,200
Total Interest Payable
HK$1,200
Monthly Payment
HK$8,433
Bank Promo:
Tax Loan amount as high as HK$200,000, APR at most 10% less than original approved APR. No administrative fees, penalties for early repayment, or hidden charges
Valid until 31 May 2022 - See more details below
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BEA 東亞銀行 logo

Monthly Payment

HK$8,413

0% handling fee

BEA Tax Season Loan

APR*
1.78%
Total Amount Payable
HK$100,960
Total Interest Payable
HK$960
Monthly Payment
HK$8,413
Read More
More Details

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Tax Loans in HK

Tax LoansAPR as low asFeatures
Citibank Tax Season Loan1.38%Up to 60 months Repayment period
DBS Tax Season Loan1.33%0% handling fee
PrimeCredit Fixed Loan (Tax Season Loan)2.38%Instant disbursement
Hang Seng Tax Comforter Loan 1.35%*Offers interest-free First-month Payment Holiday
ZA Bank fixed-rate tax loan 1.58%APR guaranteed at 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.

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.

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.