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! Read More
300,000 personal loan Paid over 24 months
HK$
We found 52 Personal Loans for you!
Sponsored
UA "NO SHOW" Personal Loan

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
No document is required
APR*
1.68%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310

【June Exclusive: Earn HK$1,200 Regardless of Approval!】Customers who successfully applied for designated UA  loans (refers to UA "NO SHOW" Personal Loan, UA "NO SHOW" Personal Loan - Car Loan, UA i-Money Express Online Personal Loan and UA Civil Servants and Professionals Express Loan), earn an extra HK$1,200 Apple Store Gift Card/ HK$1,200 PARKnSHOP Supermarket Voucher regardless of approval!



【Win Round-trip Tickets for Two to EUROPE】 New and existing customers¹ who correctly answered the football-related question, and successfully applied for and drawdown personal instalment loan with a repayment period of 12 months or above within the Campaign Period will stand a chance to win one set of round-trip direct economy class flight tickets for two adults to Europe^! Together with the best-in-town⁺ offer of up to HK$18,000^^ Cash Reward!

Valid until 30 Jun 2024 - See more details below
Apply Now
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PrimeCredit Fixed Loan

Monthly Payment

HK$12,650

Monthly Payment
MoneySmart Exclusive
The Lowest APR
1.18%
Total Amount Payable
HK$303,600
Total Interest Payable
HK$3,600
Monthly Payment
HK$12,650

Up to $12,000 cash bonus will be rewarded, and eligible to participate in the PrimeCredit Lucky Draw Campaign (with a daily prize valued at HK$8,800 travel vouchers, and a grand prize valued at HK$88,000 free spending credit) automatically.

【June Pop-up Offer!】From now on until 30 June, apply for designated PrimeCredit Loan via MoneySmart, you can earn the application bonus valued at HK$500 cash vouchers (given out as 5,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands! Click here to learn more.

Valid until 30 Jun 2024 - See more details below
Apply Now
WeLend Personal Loan

Monthly Payment

HK$12,860

Monthly Payment
MoneySmart Exclusive
The lowest APR
1.88%
Total Amount Payable
HK$308,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$12,860

 Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down!
🔝💥Combo offer in June - MoneySmart exclusive offer of $1,000 application bonus】
From now until 30 June, successfully apply for Welend Personal Loan/ WeLend Card Debt Consolidation Loan/ Civil Servant & Professional Loan via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card & HK$500 vouchers (given out as 5,000 SmartPoints) regardless of approval! T&Cs apply.

【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$1000 travel voucher (“Gift”).

Valid until 30 Jun 2024 - See more details below
Apply Now
Citi Speedy Cash Loan

Monthly Payment

HK$12,740

Monthly Payment
MoneySmart Exclusive
APR*
1.78%
Total Amount Payable
HK$305,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$12,740

【Citi Loan rewards you with rewards as high as $16,499!】
New customer who successfully apply for Citi Speedy Cash Loan/Citi Card Debt Consolidation Loan on or before 30 June 2024 and successfully draw down on or before 31 July 2024 would be eligible for MoneySmart exclusive gift up to HK$7,500 Apple Store Gift Card/ PARKnSHOP supermarket vouchers!
Popular physical gift options include APPLE iPad Pro 11"256 GB (retail value HK$7,999) /APPLE iPad Air 13"128 GB(retail value HK$6,299)/ B&O Beoplay HX Gold Tone Earbuds (retail value: HK$4,998) / Dyson Solarcycle Morph Desk Light (retail value: HK$4,980) / GoPro HERO 11 Black Creator Edition (retail value: HK$4,400)/ PHILIPS RO Water Dispenser ADD6910/90  ($2,788)

【Top-up Rewards!🔝】From now until 5 July 2024, apply for the Citi Speedy Cash Loan/Citi Card Debt Consolidation Loan through MoneySmart, regardless of approval, you can exclusively enjoy extra 5,000 SmartPoints and free to redeem HK$500 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc). Alternatively, you can convert them into HK$333 cash and cash out directly! 

Valid until 30 Jun 2024 - See more details below
Apply Now
DBS Personal Instalment Loan

Monthly Payment

HK$13,100

Monthly Payment
MoneySmart Exclusive
Instant cash out single-handedly
APR as low as*
5.91%
Total Amount Payable
HK$314,400
Total Interest Payable
HK$14,400
Monthly Payment
HK$13,100

【🔝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!



【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for DBS Personal Loan via MoneySmart and submit the required documents, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
Promise Easy Loan

Monthly Payment

HK$13,100

Monthly Payment
MoneySmart Exclusive
Instant Approval Online◉
APR*
4.49%
Total Amount Payable
HK$314,400
Total Interest Payable
HK$14,400
Monthly Payment
HK$13,100

【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for Promise Loan via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.



【⚡️Earn $1.5K rewards on $10K Loans】
From now until 30 June, new customers who successfully apply for Promise Loan via MoneySmart, and drawdown the loan amount of HK$10,000 or above, can earn a HK$500 Apple Store Gift Card/ PARKnSHOP Supermarket Voucher! Including the application reward (HK$500 Deliveroo Gift Card) and welcome offer from Promise (HK$500 cash reward on $10,000 loan▲) , you can get up to HK$1.5K rewards in Your Wallet on $10K Loans! No Supporting Documents Required#. Online Instant Approval⦿.

Valid until 30 Jun 2024 - See more details below
Apply Now
CCBA Personal Loan

Monthly Payment

HK$13,370

Monthly Payment
MoneySmart Exclusive
Loan amount up to HK$3,000,000
APR as low as*
1.85%
Total Amount Payable
HK$320,880
Total Interest Payable
HK$20,880
Monthly Payment
HK$13,370

【Exclusive offer】From now until 24 July 2024, successful applicants for CCB Asia Personal Instalment Loan, can enjoy up to HK$11,500 cash rewards (including up to HK$1,500 cash rebate for Online Application Offer and up to HK$8,000 cash rate for Drawdown Loan Offer from CCB Asia, and up to HK$2,000 Apple Store Gift Card or HK$2,000 PARKnSHOP Supermarket Voucher from MoneySmart)! 

Valid until 24 Jul 2024 - See more details below
Apply Now
DBS Debt Consolidation Loan

Monthly Payment

HK$13,070

Monthly Payment
MoneySmart Exclusive
Loan amount up to HK$2,000,000
APR*
6.48%
Total Amount Payable
HK$313,680
Total Interest Payable
HK$13,680
Monthly Payment
HK$13,070

【💰Take a step to building your wealth by consolidating your debts today! 】
New customers who successfully apply and drawdown DBS Debt Consolidation Loan via MoneySmart can get up to HK$23,800 rewards + Extra up to HK$8,200 PARKnSHOP Supermarket Cash Voucher/ Apple Store Gift Card! Get up to a total HK$32,000 reward!



【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for DBS Debt Consolidation Loan via MoneySmart and submit the required documents, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
Standard Chartered Personal Instalment Loan

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
APR*
6.28%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310

【MoneySmart Exclusive Offer 】- Get total reward up to HK$16,450! From now on until 30 June 2024, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to SAMSUNG Galaxy S24 Ultra (S9280) - 256GB  (value: $8,450) or HK$7,800 PARKnSHOP supermarket voucher or HK$7,800 Apple Store Gift Card.

Valid until 30 Jun 2024 - See more details below
Apply Now
X Cash.AI

Monthly Payment

HK$14,510

Monthly Payment
MoneySmart Exclusive
5s A.I. Approval , 24/7 FPS Fund Transfer
APR*
8.0%
Total Amount Payable
HK$348,240
Total Interest Payable
HK$48,240
Monthly Payment
HK$14,510

【Upgraded | Get HK$1.8k in Your Wallet on HK$20k Loans⚡️
From now until 30 June, apply for Zero Finance X Cash.AI via MoneySmart, and enter the promo code "SMT1800", you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.



"Eligible" new customers who successfully drawdown HK$20,000 or above and meet the following conditions can enjoy HK$1,000 Cash Reward from Zero Finance and an extra HK$300 PARKnSHOP Supermarket Voucher from MoneySmartEnjoy the welcome offer of HK$1,800 in total!

Valid until 30 Jun 2024 - See more details below
Apply Now
CNCBI $mart Plus Personal Instalment Loan

Monthly Payment

HK$12,753

Monthly Payment
MoneySmart Exclusive
APR as low as*
1.9%
Total Amount Payable
HK$300,072
Total Interest Payable
HK$72
Monthly Payment
HK$12,753

【CITIC Bank x MoneySmart Exclusive Offer 】- Get total reward up to HK$4,599!
Customers successfully apply for CNCBI $mart Plus Personal Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart and draw down the designated loan amount could enjoy up to HK$4,000 Apple Store Gift Card / PARKnSHOP Supermarket Voucher ! New gift options include but not limited to AirPods Max / Apple HomePod/ CMF by Nothing Watch Pro/ Bose QuietComfort® 45 Headphones!



【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for CNCBI $mart Plus Personal Instalment Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
CCBA Balance Transfer Loan Program

Monthly Payment

HK$13,160

Monthly Payment
MoneySmart Exclusive
Monthly flat rate as low as 0.22%
APR as low as*
4.95%
Total Amount Payable
HK$315,840
Total Interest Payable
HK$15,840
Monthly Payment
HK$13,160

【Exclusive offer】From now until 24 July, 2024, successful applicants for CCB (ASIA) Balance Transfer Program, can enjoy up to HK$18,000 cash rewards (including HK$500 cash rebate for Online Application Offer and up to HK$14,500 cash rate for Drawdown Loan Offer from CCB (ASIA), and up to HK$3,000 Apple Store Gift Card or HK$3,000 PARKnSHOP Supermarket Voucher from MoneySmart!

Valid until 24 Jul 2024 - See more details below
Apply Now
Standard Chartered Debt Consolidation Program

Monthly Payment

HK$13,105

Monthly Payment
MoneySmart Exclusive
APR*
4.67%
Total Amount Payable
HK$314,508
Total Interest Payable
HK$14,508
Monthly Payment
HK$13,105

【MoneySmart Exclusive Offer】- Get total reward up to HK$29,450! Get loan to enjoy a monthly flat rate as low as 0.2%^
From now on until 30 June 2024, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to SAMSUNG Galaxy S24 Ultra (S9280) - 256GB  (value: $8,450) or HK$7,800 PARKnSHOP supermarket voucher or HK$7,800 Apple Store Gift Card.

Valid until 30 Jun 2024 - See more details below
Apply Now
UA i-Money Express Online Personal Loan

Monthly Payment

HK$13,310

Monthly Payment
MoneySmart Exclusive
Online approval and cash transfer via FPS
APR*
1.68%
Total Amount Payable
HK$319,440
Total Interest Payable
HK$19,440
Monthly Payment
HK$13,310

【June Exclusive: Earn HK$1,200 Regardless of Approval!】Customers who successfully applied for designated UA  loans (refers to UA "NO SHOW" Personal Loan, UA "NO SHOW" Personal Loan - Car Loan, UA i-Money Express Online Personal Loan and UA Civil Servants and Professionals Express Loan), earn an extra HK$1,200 Apple Store Gift Card/ HK$1,200 PARKnSHOP Supermarket Voucher regardless of approval!



【Win Round-trip Tickets for Two to EUROPE】 New and existing customers¹ who correctly answered the football-related question, and successfully applied for and drawdown personal instalment loan with a repayment period of 12 months or above within the Campaign Period will stand a chance to win one set of round-trip direct economy class flight tickets for two adults to Europe^! Together with the best-in-town⁺ offer of up to HK$18,000^^ Cash Reward!

Valid until 30 Jun 2024 - See more details below
Apply Now
PrimeCredit Civil Servant & Professional Loan

Monthly Payment

HK$12,650

Monthly Payment
MoneySmart Exclusive
The Lowest APR
1.18%
Total Amount Payable
HK$303,600
Total Interest Payable
HK$3,600
Monthly Payment
HK$12,650

Up to $12,000 cash bonus will be rewarded, and eligible to participate in the PrimeCredit Lucky Draw Campaign (with a daily prize valued at HK$8,800 travel vouchers, and a grand prize valued at HK$88,000 free spending credit) automatically.

【June Pop-up Offer!】From now on until 30 June, apply for designated PrimeCredit Loan via MoneySmart, you can earn the application bonus valued at HK$500 cash vouchers (given out as 5,000 SmartPoints) regardless of approval! But that's not all - SmartPoints can be freely exchanged for cash vouchers from 20+ brands! Click here to learn more.

Valid until 30 Jun 2024 - See more details below
Apply Now
Citibank Card Debt Consolidation Loans

Monthly Payment

HK$13,760

Monthly Payment
MoneySmart Exclusive
APR*
9.75%
Total Amount Payable
HK$330,240
Total Interest Payable
HK$30,240
Monthly Payment
HK$13,760

【Citi Loan rewards you with rewards as high as $16,499!】
New customer who successfully apply for Citi Speedy Cash Loan/Citi Card Debt Consolidation Loan on or before 30 June 2024 and successfully draw down on or before 31 July 2024 would be eligible for MoneySmart exclusive gift up to HK$7,500 Apple Store Gift Card/ PARKnSHOP supermarket vouchers!
Popular physical gift options include APPLE iPad Pro 11"256 GB (retail value HK$7,999) /APPLE iPad Air 13"128 GB(retail value HK$6,299)/ B&O Beoplay HX Gold Tone Earbuds (retail value: HK$4,998) / Dyson Solarcycle Morph Desk Light (retail value: HK$4,980) / GoPro HERO 11 Black Creator Edition (retail value: HK$4,400)/ PHILIPS RO Water Dispenser ADD6910/90  ($2,788)

【Top-up Rewards!🔝】From now until 5 July 2024, apply for the Citi Speedy Cash Loan/Citi Card Debt Consolidation Loan through MoneySmart, regardless of approval, you can exclusively enjoy extra 5,000 SmartPoints and free to redeem HK$500 vouchers (over 20+ brand vouchers including Apple / Wellcome/ HKTVmall etc). Alternatively, you can convert them into HK$333 cash and cash out directly! 

Valid until 30 Jun 2024 - See more details below
Apply Now
CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate

Monthly Payment

HK$13,350

Monthly Payment
MoneySmart Exclusive
APR*
6.72%
Total Amount Payable
HK$314,400
Total Interest Payable
HK$14,400
Monthly Payment
HK$13,350

【CITIC Bank x MoneySmart Exclusive Offer 】- Get total reward up to HK$4,599!
Customers successfully apply for CNCBI $mart Plus Personal Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart and draw down the designated loan amount could enjoy up to HK$4,000 Apple Store Gift Card / PARKnSHOP Supermarket Voucher ! New gift options include but not limited to AirPods Max / Apple HomePod/ CMF by Nothing Watch Pro/ Bose QuietComfort® 45 Headphones!



【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for CNCBI $mart Plus Personal Instalment Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
AEON Flexi Loan

Monthly Payment

HK$13,100

Monthly Payment
MoneySmart Exclusive
APR*
4.64%
Total Amount Payable
HK$314,400
Total Interest Payable
HK$14,400
Monthly Payment
HK$13,100

 Successfully applied and drawdown of AEON Flexi Personal Loan / Debt Consolidation Loan will be eligible to receive up to HK$12,000 cash rebate#.



【⚽ ️Score & Savour】Earn HK$500 Deliveroo Gift Card during Football Frenzy!
From now until 30 June, apply for Aeon Flexi Personal Loan / Debt Consolidation Loan via MoneySmart, you can earn an extra HK$500 Deliveroo Gift Card regardless of approval! Score big on taste and excitement as you savor every electrifying moment of the game🍔🔥! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
【MoneySmart Exclusive Product】WeLend Civil Servant & Professional Loan

Monthly Payment

HK$12,860

Monthly Payment
MoneySmart Exclusive
The lowest APR
1.88%
Total Amount Payable
HK$308,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$12,860

 Selected customers can receive up to HK$16,000 Cash Rebate upon successful draw down!

🔝💥Combo offer in June - MoneySmart exclusive offer of $1,000 application bonus】 From now until 30 June, successfully apply for Welend Personal Loan/ WeLend Card Debt Consolidation Loan/ Civil Servant & Professional Loan via MoneySmart,  you can earn extra HK$500 Deliveroo Gift Card & HK$500 vouchers (given out as 5,000 SmartPoints) regardless of approval! T&Cs apply.

Valid until 30 Jun 2024 - See more details below
Apply Now
WeLab Bank Card Debt Consolidation Loan

Monthly Payment

HK$13,040

Monthly Payment
MoneySmart Exclusive
APR*
4.11%
Total Amount Payable
HK$312,960
Total Interest Payable
HK$12,960
Monthly Payment
HK$13,040

[May Loan Promotion - Real Cash!]
From now on till 30 Jun 2024, successfully draw down the loan using MoneySmart unique code "NLSMRT" could enjoy up to HK$13,888 cash rebate offered by WeLab Bank and MoneySmart exclusive rewards up to 80,000 SmartPoints, you can customise your PERFECT REWARDS worth of HK$8,000 with 20+ brand vouchers and products (Brands include but not limit to Apple, Klook, YATA etc) 80,000 SmartPoints can be converted into over HK$5,300 cash and credited to your FPS account directly! (T&C apply)



Exclusive Interest saving guarantee! Clear your card debts and save HKD 50,000 interest expenses, or get HKD 50,000 cash! Also enjoy up to HK$21,888 rewards!

*Upon your submission of the gift redemption form, you acknowledge and agree the information entered in this form may be shared to business partners for validation and that business partners may share their results back to us for fulfilment purposes in accordance with our privacy policy.

Valid until 30 Jun 2024 - See more details below
Apply Now

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 Personal Loans in Hong Kong

Personal LoansAPRMAX. LOAN AMOUNT
Citi Speedy Cash1.78%HK$3,500,000 or 12x monthly salary
WeLend Personal Loan1.88%HK$600,000
DBS Personal Instalment Loan2.2%HK$2,000,000 or 20x monthly salary
PrimeCredit Civil Servant & Professional Loan1.18%HK$600,000
Dah Sing Express Money2.75%HK$2,000,000 or 14x monthly salary
Promise Easy Loan4.49%HK$600,000
PrimeCredit Fixed Loan1.18%HK$600,000 or 18x monthly salary

Personal Loans Glossary

APR (Annual Percentage Rate)

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.

Monthly Flat Rate

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.

Unsecured Loan

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.

Secured Loan

A secured loan e.g. mortgage loan is money you borrow that is secured against an asset that you own.

Overdraft

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.

Poor credit

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

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

1. Compare Annual Percentage Rate (APR)

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.

2. Choose the loan plan that serves your financial needs

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.

3. Evaluate your ability to repay the loan

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!

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Applying for Quick Personal Loans

Nowadays, many banks or money lenders such as DBS or Citibank offer quick loans with a fast application process. Borrowers can apply online and without having to show up throughout the entire loan application process.
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 loanMin. - Max. Repayment PeriodMin. - Max. APR
Promise Easy Loan6 - 84 MonthsAPR 4.49% or above, Max. at 59.26%
PrimeCredit Fixed Loan6 - 60 MonthsAPR 2.38% or above, Max. at 60.00%
WeLend Personal Loan12 - 60 MonthsAPR 2.79% or above, Max. at 59.90%
DBS Debt Consolidation Loan6 - 72 MonthsAPR 4.27% or above, Max. at 30.57%
UA "NO SHOW" Personal Loan6 - 60 MonthsAPR 6.18% or above, Max. at 48.00%
Standard Chartered Personal Instalment Loan12 - 60 MonthsAPR 4.94% or above, Max. at 5.35%
CNCBI $mart Plus Personal Installment Loan12 - 60 MonthsAPR 5.86% or above, Max. at 38.08%
BEA Tax Season Instalment Loan12 - 60 MonthsAPR 1.78% or above, Max. at 20.37%
Citi Speedy Cash6 - 60 MonthsAPR 1.38% or above
PrimeCredit Civil Servant & Professional Loan6 - 60 MonthsAPR 2.38% or above, Max. at 60.00%
BoCom(HK) DreamCash Personal Loan12 - 60 MonthsAPR 6.35% or above, Max. at 7.95%
CNCBI $mart Plus Personal Installment Loan – Debt Consolidation12 - 60 MonthsAPR 7.33% or above, Max. at 38.08%
BOC Express Cash Instalment Loan12 - 60 MonthsAPR 3.08% or above, Max. at 40.59%
CCBA Personal Loan6 - 60 MonthsAPR 1.56% or above, Max. at 13.00%
WeLend Card Debt Consolidation Loan12 - 60 MonthsAPR 4.33% or above, Max. at 59.90%
PrimeCredit Balance Transfer Loan6 - 60 MonthsAPR 2.38% or above, Max. at 60.00%
AEON Flexi Loan12 - 60 MonthsAPR 4.49% or above, Max. at 47.73%
Hang Seng Debt Consolidation Instalment Loan12 - 72 MonthsAPR 6.44% or above, Max. at 48.00%
UA i-Money Internet Personal Loan12 - 60 MonthsAPR 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.

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).
If you’re self-employed, you may need to submit a full set of the latest Profits Tax Demand Note.

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.