Get the Best Personal Installment Loans with Low Interest Rates in HK
Compare personal loans in Hong Kong. Pick the best APR and apply through MoneySmart to get exclusive offers and cashback now!
We found 57 personal loans for you!
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Best Personal Loans in Hong Kong
Personal Loans | APR | MAX. LOAN AMOUNT |
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Personal LoansCiti Speedy Cash | APR1.78% | MAX. LOAN AMOUNTHK$3,500,000 or 12x monthly salary |
Personal LoansWeLend Personal Loan | APR1.88% | MAX. LOAN AMOUNTHK$600,000 |
Personal LoansDBS Personal Instalment Loan | APR2.2% | MAX. LOAN AMOUNTHK$2,000,000 or 20x monthly salary |
Personal LoansPrimeCredit Civil Servant & Professional Loan | APR1.18% | MAX. LOAN AMOUNTHK$600,000 |
Personal LoansDah Sing Express Money | APR2.75% | MAX. LOAN AMOUNTHK$2,000,000 or 14x monthly salary |
Personal LoansPromise Easy Loan | APR4.49% | MAX. LOAN AMOUNTHK$600,000 |
Personal LoansPrimeCredit Fixed Loan | APR1.18% | MAX. LOAN AMOUNTHK$600,000 or 18x monthly salary |
Personal Loans Glossary
APR (Annual Percentage Rate) is calculated by taking into account the interest rate on a loan and any other lender charges such as handling fee. APR is used to compare different loan products, making the process of finding the right loan easier.
The difference between an interest rate and an APR is that the lender charges are added to APR. Therefore the APR of a loan is usually higher than its interest rate if it comes with lender charges.
Lenders approve unsecured loans based on a borrower's credit history instead of relying on the borrower's assets as security. Examples of unsecured loans are personal loans, credit cards, etc.
A secured loan e.g. mortgage loan is money you borrow that is secured against an asset that you own.
An overdraft is an extension of credit from a lender that is granted when the account has no or insufficient funds. This allows you to continue withdrawing money even when your account reaches zero.
A person is considered to have poor credit if he/she has a history of not paying his/her bills on time. Poor credit is often reflected as a low credit score. Lenders will use it for reference when approving for any loan/ credit card applications. People with poor credit will find it harder to get a loan or get a credit card.
Revolving credit is a credit account that allows you to repeatedly borrow money up to a set limit and pay it back over time. Everytime you repay, it will replenish the amount available to you.
Types of Personal Loans
There are different types of personal loans catering to different purposes and varying in its interest rates and availability. Not sure which one is the best for you? Check out the various personal loans below!
Quick Loan
Quick loan products are created to offer immediate solutions for cash emergencies. It is often deposited the same day of the application being approved. However, they usually come with smaller loan amounts.
Debt Consolidation Loan
Debt consolidation loan is designed for borrowers with multiple loans. With debt consolidation, borrowers can transfer higher-interest debt to a lower-interest debt repayment by gathering all outstanding unsecured loans into one monthly payment to save on interest and enjoy a reduced repayment amount and a shortened repayment period.
Tax Loan
Tax loan is a type of personal loan available only during tax season with lower-than-usual interest rates. You can use tax loan for tax payment and other purposes including home furnishing, wedding, education, etc.
Car Loan
Car loans are loans you use to buy a car. It is often taken care of by the car dealer, and the interest rate is less transparent compared to personal loans and it usually comes with restrictions on the car’s age.
Tips for Comparing Loans in Hong Kong
APR reflects the actual expenses of your loans which includes interest rate, admin fees, handling fees etc. You may hear of Monthly Flat Rate which is only a calculation based on the repayment amount and not describing the actual monthly repayment situation.
Different types of Personal Instalment Loans serve different purposes. For example, monthly instalment loans serve scaled expenses, balance transfer loans ease high-interest debts, and tax loans usually have lower interest rates. When comparing loan plans, you should not only focus on interest rates, but also consider whether they cater to your financial needs.
Banks and money lenders issue loan amounts which are about 12 to 21 months of borrower’s salary. The loan amount and interest rate are partly based on their credit score. Therefore, applicants with higher salary and better credit score may be given a larger loan amount. However, applicants need to consider whether or not they are able to repay the loan amount. To borrow or not to borrow? Borrow only if you can repay!
Benefits of Personal Loans
Ease your cash flow concerns
Personal loans are a form of unsecured loans, which means you can get a loan without collaterals. Therefore, instead of relying on a borrower's assets as security, it is based solely on the borrower's creditworthiness. Personal loan is a good solution to cash flow issues. Banks and private money lenders offer loan plans with longer repayment period. Some of them are even up to 72 months. So now you are able to manage cash flow with higher flexibility.
Simple application process
As long as you’re 18 or above and having a monthly salary of at least HK$5,000, you’re welcome to apply for personal loans. Bring your identity card, residential address proof, bank statement, and salary slip and you’re good to go!

Applying for Quick Personal Loans
Quick loans are designed to be approved in a short period of time, typically within 1 hour. Loan applicants can expect to have the loan transferred to their bank account soon after the approval of their quick loan online application. There are loans that provide instant approval feature which is ideal for people who want to get its financing promptly.
Personal Instalment Loans Repayment Period & APR Summary
Personal loan | Min. - Max. Repayment Period | Min. - Max. APR |
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Personal loanPromise Easy Loan | Min. - Max. Repayment Period6 - 84 Months | Min. - Max. APRAPR 4.49% or above, Max. at 59.26% |
Personal loanPrimeCredit Fixed Loan | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 2.38% or above, Max. at 60.00% |
Personal loanWeLend Personal Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 2.79% or above, Max. at 59.90% |
Personal loanDBS Debt Consolidation Loan | Min. - Max. Repayment Period6 - 72 Months | Min. - Max. APRAPR 4.27% or above, Max. at 30.57% |
Personal loanUA "NO SHOW" Personal Loan | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 6.18% or above, Max. at 48.00% |
Personal loanStandard Chartered Personal Instalment Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 4.94% or above, Max. at 5.35% |
Personal loanCNCBI $mart Plus Personal Installment Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 5.86% or above, Max. at 38.08% |
Personal loanBEA Tax Season Instalment Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 1.78% or above, Max. at 20.37% |
Personal loanCiti Speedy Cash | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 1.38% or above |
Personal loanPrimeCredit Civil Servant & Professional Loan | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 2.38% or above, Max. at 60.00% |
Personal loanBoCom(HK) DreamCash Personal Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 6.35% or above, Max. at 7.95% |
Personal loanCNCBI $mart Plus Personal Installment Loan – Debt Consolidation | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 7.33% or above, Max. at 38.08% |
Personal loanBOC Express Cash Instalment Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 3.08% or above, Max. at 40.59% |
Personal loanCCBA Personal Loan | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 1.56% or above, Max. at 13.00% |
Personal loanWeLend Card Debt Consolidation Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 4.33% or above, Max. at 59.90% |
Personal loanPrimeCredit Balance Transfer Loan | Min. - Max. Repayment Period6 - 60 Months | Min. - Max. APRAPR 2.38% or above, Max. at 60.00% |
Personal loanAEON Flexi Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 4.49% or above, Max. at 47.73% |
Personal loanHang Seng Debt Consolidation Instalment Loan | Min. - Max. Repayment Period12 - 72 Months | Min. - Max. APRAPR 6.44% or above, Max. at 48.00% |
Personal loanUA i-Money Internet Personal Loan | Min. - Max. Repayment Period12 - 60 Months | Min. - Max. APRAPR 6.18% or above, Max. at 48.00% |
MoneySmart Personal Loan Calculator
Before applying for personal loan, it is imperative that applicants calculate the interest payable first. MoneySmart Personal Loan Calculator helps you do just that. Most loan calculators online can only calculate repayment amount based on a static loan amount and APR, yet the APR of most loan products actually varies based on repayment period and loan amount. These loan calculators may therefore be unable to show the most accurate amount payable.
On the contrary, MoneySmart Personal Loan Calculator adjusts APR and calculates total amount payable of each loan product based on the loan amount, loan tenure and monthly income entered, making it easy for users to compare all Loan products with a more accurate total interest payable.
Please note that Providers have the final say on the interest rates they offer you.
Read more on Personal loans:
Frequently Asked Questions
What exclusive offers can I enjoy if I apply for personal loan through MoneySmart?
- MoneySmart partners with various loan providers to offer exclusive offers: New customers who successfully apply and drawdown Citi Tax Season Loan (APR as low as 1.78%) can enjoy up to $18,899 rewards! Check out more exclusive offers on MoneySmart NOW!
How fast can I get a personal loan in HK?
- Some personal loans in HK offer instant approval, best for people looking for a quick loan. Simply select the Instant Approval filter on our page and you will find a list of quick loans!
Am I eligible for personal loan application?
If you’re above 18 and earning HK$5,000+/month, you’re welcomed to apply for loans. Simply bring your identity card, residential address proof, bank statement, and salary slip, and you’re good to go!
Can I apply for personal loan if I have a bad credit score?
There are personal loans available to people with a low credit score and they are mostly offered by Lending Companies. However, do keep in mind that the interest rates from these companies are usually higher than those from the banks. Popular money lenders in Hong Kong include Promise, WeLend, UA Finance, and AEON. Before borrowing from these companies, you can also check out our Guide on borrowing from Money Lenders.
What do I need to prepare for my loan application?
- You’ll need these are the documents for your personal loan:
- Photocopy of your HKID card (both sides);
- Residential address proof (e.g. electricity bill, demand notes for rates);
- Salary proof of the latest month (e.g. salary proof, bank statement).
Do personal loans have extra handling fee?
Yes and no. Some banks will calculate your handling fee yearly. If you’re getting a revolving loan, the bank may charge you extra withdrawal fees.
Where can I get a personal loan?
Banks and money lenders offer in-person or online loan applications.
How long can my personal loan repayment period be?
Normally, it’s 3 to 72 months. Banks and lenders will set you a fixed monthly repayment amount. The longer the repayment period, the lower the repayment amount, and the higher the interest rate.