Which Revolving Loan is Best? Comparison of Banks and Finance Companies
Updated: 23 Feb 2026
Loan | APR | Monthly repayment | MoneyHero Reward | Total interest | ||
|---|---|---|---|---|---|---|
 | X Cash.AI by X Wallet (Suitable for Tax Season) | 1.15 % | HK$10,062 | HK$5,100 | HK$749 | |
 | CreFIT Cash Loan | 1.38 % | HK$10,072 | HK$23,200 | HK$863 | |
 | Mox Instant Loan (Suitable for Tax Season) (New Customers) | 1.18 % | HK$10,068 | HK$1,000 | HK$821 | |
 | CreFIT ClearCard Credit | 1.99 % | HK$10,103 | - | HK$1,237 |
- Loan Application: Start the process by selecting "Apply for X Wallet," entering the required personal information, and completing identity verification.
- Instant Approval: Utilizing AI for rapid assessment, approval can be completed in as fast as 5 seconds.
- Contract Signing and Instant Transfer: Upon successful approval, sign the loan agreement within the App, provide your bank account details, and the funds will be instantly transferred via Faster Payment System (FPS).
- MoneyHero exclusive promotion code "MH2700"
- Only ID card is required, no proof of income is required, and the approval result will be known within 5 seconds
- 24/7 Instant Funds Disbursement: Once the loan contract is confirmed, the funds will be instantly transfer to your bank account by using the "FPS" system
- Zero Human Interference: The entire process from application, and contract signing to fund transfer can be completed without any manpower
- Lightning Approval in Seconds: By using Machine Learning, you will get the results within 5 seconds
- Flexible Loan Amount (as low as HK$1,000)
- No income proof is required (needs only your HKID for identity verification)
- The loan process is all done over the mobile phone
- Repayment term up to 48 months
- No handling fee
- No hidden charges
- No penalty for early repayment
(1) HKID Card
(2) Mobile phone
- Actual annual interest rate is from 1.15% to 48% as the maximum
- Final approval is subject to the actual situation and financial condition of the customer.
- Warning: You have to repay your loans. Don't pay any intermediaries.
- Money Lender’s Licence No.: 0666/2025
- Enquiry and Complaint Hotline: 2531 0333
- Warning: You have to repay your loans. Don't pay any intermediaries.
- Cash Loan Approval Pledge^
- Incognito mode quotation with no impact on credit rating#, No income proof required.
- Repayment tenor of 6, 12, 18, 24, 30, 36, 42 or 48 months
- Loan amounts up to HK$500,000
- No extra and hidden fee
- #No credit report checks on Incognito mode quotation stage and authorize the credit report to complete the approval after that
(1) HKID Card
(2) Mobile phone
- For example, if the loan amount is HK$200,000 with repayment period in 24 months, and the calculation is based on 365 or 366 days in a year, the Effective Rate (calculated using relevant guidelines from the Hong Kong Association of Banks) are 8% respectively. In this case, the monthly repayment amount and the total interest paid over the loan period would be HK$9,027.78 and HK$16,666.72 respectively.
- The effective rate is a reference rate that displays the loan interest rate and other fees on an annualized basis. The effective rate is calculated using the method specified in the Money Lenders Ordinance, calculating the annual interest rate on the same basis. All accredited Hong Kong lending companies use the same set of calculation rules and settings.
- There is no drawdown fee or annual fee for this loan product. If the loan instalment is not fully repaid on the due date, a fixed late fee of HK$300 and late interest will be charged for each overdue instalment.
- CreFIT Cash Loan Applicant Requirements: Aged 18 or above, Hong Kong Permanent Resident, Hong Kong local mobile phone number, Average monthly salary of HK$5,000
- Effective Rate as low as 1.38%-36.00% in general
- Terms and Conditions apply
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Warning: You have to repay your loans. Don't pay any intermediaries.
- Inquiries and complaints hotline: 6369 2338
- Money Lender‘s Licence No.: 0819/2025
- VCREDIT Finance Limited
- Apply for Mox Credit and an account (remember to select Mox Credit)
- Fill in personal information and enter the invitation code "MHCASH10"
- Upload ID card to complete the account opening application
- After successfully opening an account, open the Mox App and select "Click to Borrow"
- Select "Instant Loan"
- Loan amount and repayment period are determined by the credit limit
- By reviewing the monthly payments, monthly fees, effective annual interest rate, and one-time fees, you can confirm your application.
Click image for detail
- Open A Mox Account successfully with the invitation code "MHCASH10", successfully apply for Mox Instant Loan via MoneyHero from now
- The APR in app is "What you see what you get ", which means we are very transparent of the rate we can offer, compared to other banks that need to wait few hours or days to get the quotation.
- Convenient to apply - in app, 24/7. Get your application result instantly, Get the cash as quick as one second to your Mox Account upon approval
- HKD 0 handling fee, receive the loan for the exact amount you apply for
- A flexible repayment period from 3 to 60 months
- Live chat available in the app if they want to know more
- Min to Max loan amount is 5k-2M
- No extra documents required apart from HKID. No extra documents required to top up instant loan. Complete the loan application in 5 mins!
- For an Instant Loan of HKD100,000 split into 60 monthly instalments, the Annualised Percentage Rate (APR) is 4.46%. With interest calculated on 365 days per year, the estimated daily interest amount is HKD6.31 (rounded to the nearest whole number).
- The fees for Instant Loan will be reviewed from time to time. General terms and conditions (in particular, Part B: Instant Loan of Schedule 3) and the Instant Loan Key Facts Statement apply. Details are available in the ‘Legal documents’ section of our website.
HKID
- Annualised Percentage Rate : 1.18% to 27.49%. Repayment period of 3 to 60 months.
- You need to have a Mox Credit account. Your maximum loan amount depends on your available credit limit.
- ¹For an Instant Loan with a principal amount of HKD1,000,000 with a repayment period of 6 months, the Annualised Percentage Rate (APR) is as low as 1.18% (which does not include any cash reward under the Instant Loan Cash Reward Promotion). Total repayment amount is HKD1,003,420. The APR is calculated using methods specified in relevant guidelines as set out in the Code of Banking Practice. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. The APR for an Instant Loan is subject to Mox’s final decision on a case-by-case basis and the Mox Credit account status at the time Mox receives the Instant Loan application.
- ²Instant Loan Cash Reward Promotion Terms and Conditions apply. For an Instant Loan with a principal amount of HKD1,000,000 with a repayment period of 60 months, the Annualised Percentage Rate (APR) is as low as 3.57% (when including the cash reward of HKD10,888, which will be credited to your Mox Account on or before 31 October 2026), while the APR excluding cash rewards of Instant Loan Cash Reward Promotion is as low as 3.97%. If you apply to top up your active Instant Loan(s), the Eligible Instant Loan Amount for the Instant Loan Cash Reward Promotion will be the Instant Loan principal amount that is on top of the outstanding principal amount of your active Instant Loan(s).
- if you have "instant approval" You need to provide HKID for Mox Account opening and apply for Mox Credit. The approval time for Instant Loan application depends on the status of your Mox Credit. In some circumstances, we may require you to provide supporting documents by a simple submission process when you apply for Mox Credit. The approval time for Mox Credit is subject to a customer’s individual circumstances.
- ^For an Instant Loan of HKD60,000 split into 60 monthly instalments, the Annualised Percentage Rate (APR) is 7.38%. With interest calculated on 365 days per year, the estimated daily interest amount is HKD6.31 (rounded to the nearest whole number).
- The fees for Instant Loan will be reviewed from time to time. General terms and conditions (in particular, Part B: Instant Loan of Schedule 3) and the Instant Loan Key Facts Statement apply. Details are available in the ‘Legal documents’ section of our website.
- The actual turnaround time may vary depending on the actual circumstances of individual applications.
- Terms and conditions apply, please refer to Mox website or Mox app for details.
- To borrow or not to borrow? Borrow only if you can repay!
- No credit report check, not affecting credit rating
- No need to appear in person, instant cash transfer
- 7-days cooling-off period
- Loan amounts up to HK$200,000
- Repayment tenor of 3, 6, 9, 12, 18 or 24 months
- For example, if the loan amount is HK$200,000 with repayment period in 24 months, and the calculation is based on 365 or 366 days in a year, the Effective Rate (calculated using relevant guidelines from the Hong Kong Association of Banks) are 8% respectively. In this case, the monthly repayment amount and the total interest paid over the loan period would be HK$9,027.78 and HK$16,666.72 respectively.
- The effective rate is a reference rate that displays the loan interest rate and other fees on an annualized basis. The effective rate is calculated using the method specified in the Money Lenders Ordinance, calculating the annual interest rate on the same basis. All accredited Hong Kong lending companies use the same set of calculation rules and settings.
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There is no drawdown fee or annual fee for this loan product. If the loan instalment is not fully repaid on the due date, a fixed late fee of HK$300 will be charged for each overdue instalment.
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Applicants must be Hong Kong permanent residents aged 18 or above, provide a Hong Kong local mobile phone number and have an average monthly salary of HK$5,000.
-
Effective Rate as low as 1.38%-36.00% in general
- Terms and Conditions apply.
-
Warning: You must repay your loans. Do not pay any intermediaries.
-
Inquiries and complaints hotline: 6369 2338
-
Money Lender‘s Licence Number: 0819/2025
-
VCREDIT Finance Limited
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Is a revolving loan not right for you? Consider other personal loans.
- Online instant approval and 24 x 7 loan disbursement
- No income proof is required
- Repayment terms up to 72 months
- No handling fee, no early settlement fee
- Only applicable to eligible customers. For more loan and offer details, please visit the PrimeCredit website
- All examples and information of interest rate are for reference only, and final approval is subject to actual circumstances of individual personal loan applicant
- Warning: You have to repay your loans. Don't pay any intermediaries
- Enquiry and Complaint Hotline: 2111 2999
- Money Lender's Licence No.: 647/2025
1. Hong Kong Identity Card
2. Recent income proof, e.g., payroll slip, tax demand note, monthly bank account statement/passbook with your salary or MPF statement
3. Employment proof
4. Current residential proof, e.g. utility bills, bank statement
- Whole loan process is completed 24x7 online
- Apply online anytime anywhere, no face-to-face contact is required
- Property owners enjoy a large loan amount up to HK$1,500,000 with flexible cash out. No property deed is required
- Flexible repayment term of up to 24 months
- "MGM Program": Up to HK$60,000 for successful referral. Enjoy unlimited rewards with more
- ^Cash Reward Offer is subject to terms and conditions. For details, please click here.
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New and existing customers refer to the customers who have not any loan transaction with the Company in the past 24 months from the date of application. For e-Cash Revloving Loan applicants who open account, before Personal Instalment Loan application, within the Promotion Period is granted for exemption to entitle the above reward.
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New and existing customer is entitled for the Welcome Offer if the following requirements are satisfied within the Promotion Period:
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The account opening cash reward only applicable to New Customers who successfully opened an e-Cash Revolving Loan Account
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New and existing customers who successfully drawdown personal instalment loan are eligible to drawdown the cash reward, and such reward shall be calculated according to the amount of personal instalment loan
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- 1. The minimum and maximum repayment period is 3 months and 60 months respectively.
2. According to the Money Lenders Ordinance, the maximum annual percentage rate is 48%.
3. A representative example of total cost for a loan below is for reference only: - o Loan amount: HK$10,000
o Monthly installment of HK$1,672 for 6 months
o Interest rate: 0.092% per month
o Annual percentage rate: 1.1%
o Total repayment amount: HK$10,032 -
Loan approval and electronic transfer service is available from Monday to Friday (9:00am-6:30pm), Saturday (9:00am-12:30pm) and except to Sunday & public holidays. The actual date of transfer is subject to the transfer servicing hours of each individual bank.United Asia Finance Limited reserves the right to make final decision on loan approval
-
United Asia Finance Limited reserves the right to make final decision on loan approval
-
Warning: You have to repay your loans. Don't pay any intermediaries.
-
Enquiry and Complaint Hotline: 2681 8888
-
Money Lender’s Licence No.: 0805/2025
- Apply via Dah Sing Bank website / mobile app
- Upload documents
- Get approval result
- Confirm the loan drawdown
- APR as low as 1.68%#
- Loan amount up to HK$2,000,000 or 14 times your monthly income (whichever is lower)
- Repayment tenor up to 60 months
- Only HKID Card is required, no need submit address & income proof for instant approval and loan disbursement
- HKID Card
- Latest 1 month's income proof
- Latest 3 months' proof of current residence
- Promotion period is valid from now till 30 June 2026 (both dates inclusive)
- #APR as low as 1.68% is only applicable to "Selected Customers". Assuming that the approved loan amount is HK$1,990,000, with a 12-month loan tenor and 0.1338% monthly flat rate, APR including the HK$13,888 cash rebate is 1.68%. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate.
- Subject to relevant terms and conditions. For details, please visit Dah Sing Bank website. In the event of discrepancies between the Chinese version and English version of this page, the Chinese version shall prevail.
- To borrow or not to borrow? Borrow only if you can repay! The service(s) / product(s) mentioned herein is / are not targeted at customers in the EU.
Disclaimer: All example information is for reference only. Final approval is subject to the actual circumstances of the individual applicant.
Revolving loans allow you to borrow or repay funds at any time within a pre-approved credit limit. However, it is crucial to understand the characteristics of different institutions, including interest rates and handling fees. This ensures you can make an informed choice and find the revolving loan that best suits your needs.
What is a Revolving Loan? Understanding the Basics
A revolving loan is a flexible financing method that allows you to borrow repeatedly within a pre-approved credit limit. Understanding the basic concepts of this type of loan can help you manage your finances more effectively.
Definition of a Revolving Loan
A revolving loan is a specialized credit product that allows borrowers to withdraw funds at any time within a pre-approved credit limit. Once you repay part or all of the borrowed amount, your available credit limit is restored, allowing you to withdraw funds again. Many people prefer this type of loan due to its flexibility, as it can be adjusted according to personal financial needs.
The Differences Between Revolving Loans and General Loans
Revolving loans and general (fixed-term) loans differ significantly. A general loan is a one-time lump sum that requires repayment on a fixed schedule. In contrast, a revolving loan allows you to borrow multiple times based on your needs with more flexible repayment options, making it better suited for varying financial requirements.
Key Differences:
| Feature | Revolving Loan | General Loan |
| Frequency of Borrowing | Multiple times | One-time |
| Repayment Method | Flexible | Fixed |
| Credit Limit | Reusable | One-time use |
Pros and Cons of Revolving Loans
While revolving loans offer flexibility, they come with specific advantages and disadvantages. Pros include readily available funds and flexible repayment, which help manage short-term financial needs. However, cons may include higher interest rates and the risk of over-borrowing. High rates can increase your total repayment burden, and the risk of over-borrowing could lead to financial distress.
When choosing a revolving loan, you must carefully weigh these factors to ensure it fits your financial needs and that you have the capacity to repay. Simultaneously, be mindful of controlling your borrowing limit to avoid falling into a debt trap.
Main Features of Revolving Loans
The unique characteristics of revolving loans make them a popular choice, providing financial agility and helping you manage capital. Let's look deeper into these features:
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Flexible Withdrawals and Repayments: Access funds whenever needed. This elasticity is especially suited for short-term or emergency needs, such as unexpected expenses or seasonal cash flow fluctuations.
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Daily Interest on Used Amount: Interest is typically calculated only on the amount you have actually withdrawn, rather than the total credit limit. This can save you a significant amount in interest, especially if your borrowing needs fluctuate.
| Feature | Advantage |
| Flexible Transactions | Address funding needs at any time |
| Interest on Actual Usage | Save on total interest expenses |
How to Compare Revolving Loans Across Banks
To find the right product, you must carefully compare the conditions offered by different banks. Focus on these key items:
Interest Rate Comparison: Finding the Best Rate
The interest rate directly affects your repayment burden. Always look at the Annualized Percentage Rate (APR), as it includes all relevant fees and reflects the true cost of the loan. While some banks offer promotional rates as low as 5%, these are often time-limited. Consider the long-term rate rather than just the introductory offer.
Annual Fees and Handling Fees: Watch Out for Hidden Costs
Beyond interest, pay attention to other charges. Some banks may charge annual fees or withdrawal handling fees. These small amounts can accumulate over time.
| Fee Type | What to Watch For |
| Annual Fee | Often waived for the first year by some banks |
| Withdrawal Fee | May have a minimum charge per transaction |
| Late Payment Fee | May involve much higher penalty interest rates |
Analysis of Revolving Loan Products from Major Banks and Finance Companies
In Hong Kong, many banks and finance companies offer revolving loan services. Here, we introduce the product features of several major institutions to help you make an informed choice and find the product that best suits your needs.
Features of HSBC Revolving Credit
HSBC’s revolving loan is highly flexible, allowing you to withdraw and repay at any time, with an Annualized Percentage Rate (APR) as low as 2.92%. This flexibility is particularly suitable for customers with fluctuating cash flow needs. HSBC’s product has no fixed repayment deadline, allowing customers to choose the most appropriate repayment method based on their financial situation. However, please pay attention to their annual fee policy to ensure it aligns with your financial requirements.
Conditions of PrimeCredit Revolving Loans
PrimeCredit is one of the most well-known finance companies. Their revolving loans offer fast approval speeds and lower application thresholds, making them ideal for customers in urgent need of capital. Quick approval means customers can obtain necessary funds in a short timeframe, which is perfect for handling emergency financial needs. However, please note that interest rates may be higher than those of banks. When choosing, be sure to weigh the pros and cons carefully, as higher rates can increase your long-term financial burden.
When choosing a revolving loan, comprehensively consider your financial status and needs. Compare features across different institutions, including interest rates, loan amounts, repayment terms, and various fees. Additionally, assess your own credit status and income level to choose a product that meets your needs without creating an excessive financial burden. Remember, responsible borrowing is the key to maintaining good financial health.
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Revolving Loan FAQ
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A valid Hong Kong Identity Card (HKID)
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Proof of income, such as recent payslips or bank statements
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Proof of address, such as utility bills from the past three months
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A healthy credit score Some banks may have additional requirements, such as minimum age or specific income thresholds. It is recommended to check the specific criteria of each bank before applying.
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Interest Rate: Look for the most competitive Annualized Percentage Rate (APR).
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Annual Fee: Some banks charge an annual fee, while others offer a first-year waiver.
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Handling Fees: Be aware of fees for withdrawals or transfers.
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Repayment Terms: Choose a plan that fits your financial situation.
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Credit Limit: Ensure the limit meets your needs without being so high that it encourages over-borrowing. Additionally, consider the bank’s reputation, customer service quality, and the convenience of their online or mobile banking platforms.
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Increased total interest expenses
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Difficulty in managing multiple repayment dates and amounts
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A negative impact on your credit score, especially due to multiple hard credit inquiries
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Potential difficulty in securing future loans It is advised to focus on one or a few revolving loan products to manage your finances more effectively. If you need more capital, consider requesting a credit limit increase from your existing provider rather than applying for a new loan.
A revolving loan is a specialized credit product that allows you to withdraw and repay funds according to your needs. Unlike traditional loans where the full amount is disbursed at once, a revolving loan lets you borrow and repay multiple times within a pre-approved credit limit, offering greater financial flexibility. This helps reduce the pressure of lump-sum repayments and allows for better cash flow management.
Revolving loans offer more flexibility than general installment loans. A general installment loan is a one-time lump sum with a fixed repayment schedule. In contrast, a revolving loan allows for on-demand withdrawals and repayments without a fixed maturity date. Interest on a revolving loan is typically calculated only on the amount used, whereas installment loans require interest payments on the entire principal. This flexibility makes revolving loans especially suitable for individuals with fluctuating cash flow needs.
To apply for a revolving loan, you generally need a stable income and a good credit history. Specifically, you may need to provide the following documents:
When choosing a product, compare the following key factors across different banks:
While it is technically possible to apply for multiple revolving loans simultaneously, it is not a wise decision. Doing so increases your debt burden and may lead to:
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