Find the Best Personal Instalment Loans in Hong Kong
Updated: 18 May 2026
Loan | Monthly Repayment | MoneyHero Reward | Total Interest | APR | ||
|---|---|---|---|---|---|---|
 | Citi Speedy Cash Personal Loan | HK$8,493 | HK$4,900 | HK$3,840 | 1.78 % | |
 | WeLend Instant Personal Loan | HK$8,497 | HK$11,600 | $3,936 | 1.00 % | |
 | CNCBI $mart Plus Personal Installment Loan | HK$8,409 | HK$2,800 | HK$1,824 | 1.78 % | |
 | PrimeCredit Fixed Loan | HK$8,433 | HK$1,500 | HK$2,400 | 1.18 % | |
 | OCBC Bank Personal Loan | HK$8,614 | HK$5,300 | HK$2,688 | 1.68 % | |
 | DBS Personal Instalment Loan | HK$8,353 | HK$3,600 | HK$480 | 4.03 % | |
 | UA i-Money Internet Personal Loan | HK$8,430 | HK$5,800 | HK$2,318 | 1.10 % | |
 | BOC Express Cash Instalment Loan | HK$8,840 | HK$2,000 | HK$12,149 | 5.88 % | |
 | BEA Instalment Loan | HK$8,423 | HK$21,100 | HK$2,160 | 1.00 % | |
 | CCB (Asia) Personal Instalment Loan (Suitable for Tax Season) | HK$8,478 | HK$3,500 | HK$3,470 | 1.50 % | |
 | Standard Chartered Personal Instalment Loan | HK$8,499 | HK$3,000 | HK$3,984 | 1.85 % | |
 | CreFIT Cash Loan (For Civil Servants and Professionals) | HK$8,453 | HK$23,200 | HK$2,875 | 1.38 % | |
 | WeLab Bank Personal Instalment Loan | HK$8,493 | HK$4,000 | HK$3,840 | 0.65 % | |
 | Dah Sing Express Money Instalment Loan | HK$8,601 | HK$2,900 | HK$6,422 | 1.68 % | |
 | HSBC Personal Instalment Loan | HK$8,873 | - | HK$12,960 | 6.28 % |
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1. Fill in the application form and submit it together with the required documents.
2. Wait for the loan approval result
3. Disburse the loan
- Same-day approval and same-day loan disbursement
- The loan amount is up to 12 times of the monthly salary or HK$3,500,000, whichever is lower
- Repayment term up to 60 months, HK$0 handling fee
- No hidden terms and conditions
- Hong Kong Identity Card
- Income proof (for example: latest month's payroll slip, latest salary tax demand note, latest MPF contribution proof or latest three months' payroll account bank statement/account passbook (with first page showing your name and account number))
- Latest three months' full set of main bank statement/account passbook (with first page showing your name and account number)
- Latest residential address proof (for example: electricity bill or bank statement)
- Any other documents or certificates deemed appropriate.
- The annualized percentage rate (“APR”) ranges from 1.78% to 35.78%, with repayment period of 6 to 60 months.
- The Annualized Percentage Rate ("APR") of as low as 1.78% is calculated based on the monthly flat rate 0.08% with loan amount of HK$1,500,000 and repayment tenor of 12 months.
- The Annualized Percentage Rate ("APR") of as low as 35.78% is calculated based on the monthly flat rate 1.46% with loan amount of HK$100,000 and repayment tenor of 18 months.
- APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The actual APR applicable may differ, which is to be considered on a case-by-case basis in accordance with customer’s profile. 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. The maximum APR will change and subject to monthly flat rate amendment. The Bank reserve the right to amend the monthly flat rate and APR. The loan application is subject to the Bank’s approval. For a loan amount of HKD1,500,000 with 12 months repayment period, the monthly flat rate is 0.08% (APR 1.78%, excluding any cash rebate) and the total loan repayment amount is HKD1,514,400 (including full handling fee waiver). The above example is for reference only
Remarks:
- The Annualized Percentage Rate ("APR") of as low as 1.78% is calculated based on the monthly flat rate 0.08% with loan amount of HK$1,500,000 and repayment tenor of 12 months, and is applicable to Citigold Private Client customers with Citi ULTIMA. APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The actual APR applicable may differ, which is to be considered on a case-by-case basis in accordance with customer's profile. 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.
- Loan amount of Citi Speedy Cash is up to 12x times of your monthly salary or HK$3,500,000, whichever is lower.
- Repayment period of Citi Speedy Cash is of 6 to 60 months.
- Application hotline service hours: Monday to Friday 9:30am – 6:30pm (not applicable to Hong Kong public holiday).
- “Instant Disbursement Upon Loan Approval” is only applicable for disbursement to participating banks of Faster Payment System (FPS), and is subject to Citi’s loan approval and availability of FPS, while the crediting to the recipient’s account is subject to the recipient bank’s handling. Processing time may vary in some cases depending on the actual circumstances of individual applications.
To borrow or not to borrow? Borrow only if you can repay!
1. Apply online
2. Upload documents
3. Instant approval
4. Verification and disbursement
- Enjoy Cash Reward up to HK$33,800 upon successfully draw down
- Accurately calculate the customer's income and repayment ability using A.I. and big data
- Income and address proof waiver when borrowing HK$300,000 or below
- A.I. fully automated loan with simplified loan process; from application, approval to disbursement, all done online.
- A.I. processes loan quickly, cash is transferred automatically and instantly once the loan is confirmed.
- Utilizing A.I. big data to calculate personalized quotations, ensuring the loan amount based on your needs.
- WeScore new credit indicator, assist you to restore long term financial health by using 400 million sets of data!
(1) HKID Card
(2) Mobile phone
(3) ATM card
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Parts of the cash rebate will be distributed by WeLab Bank, all cash rebate is subject to the terms & conditions.
- The above interest rates and repayment information are for reference only. The final terms will be determined based on the customer's application information and personal credit records.
- WELEND LIMITED reserves its absolute right on any loan approval decision and any disputes.
- Warning: You have to repay your loans. Don’t pay any intermediaries.
- Customer Service/ Complaint Hotline: 3590 6396
- Money Lender's License: 0900/2025
- Fill in the online application form
- Submit the required documents
- Receive the approval result
- Confirm offer and disburse loan
- APR as low as 1.78%
- Loan amount as high as HK$2,000,000 or 18 times of your monthly salary (whichever is lower)
- Flexible repayment period of 6 to 60 months
- Same day disbursement to your CNCBI account
1. HKID card / passport / other identification document
2. Bank statement or passbook showing your latest 1-month income proof (including the copy of front cover page
of your passbook which shows your name and account number) or any type of income proof. Please provide
the latest 2-month income proof if you are commission based income earner
3. If you are self-employed, please provide Business registration certificate and the latest profits tax demand note, and
the latest 3-month company account statements
4. Residential address proof showing your name issued within the latest 3 months (e.g. electricity bills or bank statements)
5. Proof of professional qualification (For professionals only)
6. If you are not holder of Hong Kong permanent identity card, please submit passport/ Exit/ Entry Permit for Travelling to and from Hong Kong and Macau/ identity card of place of origin and working visa issued by the Hong Kong SAR Government
7. Full copy of the front cover page of passbook / bank statement of the loan disbursement account
8. Autopay authorization form
9. Loan confirmation letter(s) or latest 1-month statement(s) (showing your name and account number) of credit card(s) and loan(s) that you wish to transfer to CNCBI $mart Plus Personal Installment Loan
- The APR is calculated in accordance with the practices and methods set out in the relevant guidelines issued by the Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other applicable fees and charges expressed as an annualized rate. The respective APRs are rounded to the nearest two decimal places.
- The APR 1.78% is calculated based on loan amount HK$2,000,000, loan tenor of 12 months and monthly flat rate of 0.038%, including a Handling Fee of 0.5% per annum. The examples are for reference only. The APR will be determined based on the customer's credit rating and other relevant loan approval factors, and the bank reserves the final discretion to approve the loan application and to determine the applicable interest rate and handling fee. The handling fee of 1% is for other scenario.
- Handling Fee is charged 1% per annum based on loan amount and shall be deducted upon loan drawdown.
- Same-day fund disbursement service is applicable to customers who use CNCBI bank account for fund disbursement, and it only applies to our Bank’s service hours (Monday to Friday from 9:00 am to 8:00 pm and except Saturday, Sunday and public holidays). The processing time starts when the approved loan is confirmed with the Bank.
- Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay! Please visit the website
- Online application with 24/7 instant approval and loan disbursement
- No income proof is required for loan amount HK$100,000 or below
- 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
(1) HKID Card
(2) Proof of address: such as utility bills, bank statements, etc., which need to show your name and most recent address.
(3) (Optional) Proof of income can be waived (subject to meeting credit record requirements)
- 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. Apply Online
2. Application and Documents Submission: The relationship officer will contact you to complete the application form and submit the required documents.
3. Application Approval: Generally, the application result will be notified within 1 to 2 working days after submitting the documents. Instant approval can also be offered upon request, with the process completed as soon as the same day.
4. Loan Drawdown: Upon completion of loan confirmation process, the fund will be disbursed to your designated bank account via bank transfer or cashier order.
- APR as low as 1.68%
- Loan amount up to HK$2,000,000 or 20X of your monthly salary (whichever is lower)
- Repayment tenor up to 60 months
- Personal Identification Document: HKID card or passport
- Income Proof: Recent pay slip, your bank statement or bank book (with your name and account number) showing your recent income, your recent income tax bill, proof of your last MPF contribution, employment letter or contract, etc.
- Address Proof: Recent bank statement, credit card statement, water bill, telephone bill etc. If your address is shown on your income proof, you will be exempted from submitting the address proof.
- Other documents (if necessary)
- For more details, please click here
- APR is calculated according to the method set out in the relevant guidelines under the Code of Banking Practice issued by the Hong Kong Association of Banks as the basis.
- If the loan amount is $1,500,000 with the monthly flat rate at 0.062%, when approval is obtained from the Bank, the APR for 12 months will be 1.68% (inclusive of HK$12,600 cash rebate) or 3.28% (excluding cash rebate), including the handling fee of 1.00% per annum, the total repayment amount will be HK$1,511,160. The loan handling fee is to be paid in full upon loan drawdown. The value of the Rebate that an Eligible Customer is entitled to will depend on the Loan amount applied for and drawn down and the APR.
- Example is for reference only, APR may differ with different loan amounts and tenors.
- For details, please contact our staff..
- To borrow or not to borrow? Borrow only if you can repay!
1. Apply online or by phone
2. Verify your personal details and declare your financial liabilities
3. Credit check
4. Select a loan plan
5. Select disbursement details
6. Disburse the loan
- Annualised Percentage Rate as low as 4.03%; APR includes the handling fee 2%
- Handling fee refers to the loan setup fee. The Loan Set Up Fee is 2% of the loan amount. The Loan Set Up Fee shall be calculated by reference to the principal amount of the loan at the rate specified by the Bank from time to time and shall be deducted from the loan principal amount upon drawdown of the loan and is non-refundable.
- Loan amount up to HK$2,000,000 or 20x monthly salary (whichever is lower), flexible repayment period of up to 60 months
- No income proof is required
- Anytime to redraw your repaid principal
1. HKID card
2. Latest 3 months’ income proof
3. Address proof (issue date within 6 months)
4. Practicing certificate issued by relevant association, if you are a professional (e.g. medical doctor, accountant, lawyer or engineer)
5. Banking statement / passbook showing your name and account number
- Minimum salary requirement: fixed annual income of HK$80,000 or above.
- APR as low as 4.03%: The APR of 4.03% is calculated based on the loan amount of HK$100,000, a monthly flat rate of 0.01%, and instalment period of 12 months, including a Loan Set Up Fee of 2%.
- Rewards are subject to Terms and Conditions, please refer to DBS website for details.
- The Annualized Percentage Rate (“APR”) is calculated in accordance with the guideline issued in respect of the Code of Banking Practice and is rounded to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate. The APR in the above table has included Loan Set Up Fee of 2% in the calculation. Loan Set Up Fee shall be deducted from the loan principal amount upon draw down of the loan and is non-refundable
- The monthly flat rate here is for reference only. The interest rate applicable to a customer is subject to his/her financial condition and is solely determined by DBS. Terms and conditions apply. For details, please visit DBS website
- Relevant fee applies if a customer early pays off the Loan. For details, please refer to the Personal Instalment Loan Terms and Conditions.
- To borrow or not to borrow? Borrow only if you can repay!
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
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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.
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Enquiry and Complaint Hotline: 2681 8888
-
Money Lender’s Licence No.: 0805/2025
- Apply via online or mobile banking.
- Please read "Key Facts Statement" and "Terms and conditions" and then press "Agree and continue".
- Enter information.
- Authenticate your identity.
- Enter your loan details.
- Confirm loan application submitted.
- APR as low as 1.50%
- Flexible repayment period from 12 months to 60 months
- Loan amount up to HK$4,000,000 or 18x of your monthly salary (whichever is lower)
- Monthly income of HK$6,000 or above
- Hong Kong Identity Card (copy should be enlarged and presented in light color for optimal clarity); or passport/Document of Identity for VISA purpose/working VISA in the event of a non-Hong Kong Permanent resident. (Must be a Hong Kong resident aged 18 or above.)
- (If the permanent residential address is different from the current residential address, please provide additional permanent residential address proof).
- Bank statements/passbook showing your name, account number and the credit of monthly salary in the past two months; or
- Salary payroll advice dated within one month of application; or
- The latest Tax Demand Note
- Business Registration Certificate and the latest company Tax Demand Note (for sole proprietor or a partner in business)
1. Hong Kong Identity Card
2. Current Residential Address Proof issued within three months, e.g. electricity bills, rates demand notes or bank statements
3. Income Proof(You must be a full-time employee working in Hong Kong with a monthly salary of HK$6,000 or above):
4. BOCHK may request additional documents in the course of processing your application
- The quoted interest rate is calculated based on a loan amount of HK$3,000,000 with repayment tenor of 12 months and monthly flat rate of 0.0674%. The Annualized Percentage Rate (“APR”) is 1.50% and without handling fee, this APR does not include any cash rebate or eligible offers (if applicable) and is applicable to BOCHK Private Wealth Customers or selected customer groups.
- The above information is for reference only. For details, please visit Bank of China (Hong Kong) Limited (“BOCHK”) website
- For details of promotion offers and terms and conditions, please refer to BOCHK website
- Reminder: To borrow or not to borrow? Borrow only if you can repay!
Application method 1: please click the "APPLY NOW" button to apply via BEA website
- Fill in personal information and loan details
- Submit required documents including HKID card and income proof
Application method 2: please apply through BEA Mobile app, and insert promo code 「MHPIL0326」
- Login to BEA Mobile and click “Personal Loan” at Offers for You
- Fill in loan details
- Insert promotion code “MHPIL0326”
- Confirm personal information and job details
- Select repayment account
- Confirm application details
- Finish!
Application process and loan drawdown will be completed within 8 working days upon receipt of the complete requisite documents and information. If the requested loan amount is approved in full, The Bank of East Asia, Limited will not notify the applicant. The Loan amount will be credited to the applicant’s designated bank account directly.
- APR as low as 1%*
- Cash Rewards up to HK$20,000
- Loan amount up to HK$3,000,000
- Repayment tenor up to 60 months
- 0% handling fee
- 7-days Cooling-off Period
- Hong Kong Identity Card
- Income Proof
Additional documents may be required for approval of application
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The Annualised Percentage Rate ("APR") as shown is calculated according to the standard method set out in the Code of Banking Practice and is rounded up or down to the nearest 2 decimal places, and includes the full arrangement fee waiver. The APR is for reference only. Please note that the APR stated in the loan confirmation letter will not include any cash rebate. Actual APRs and monthly repayments may differ, and the details stated in the loan confirmation letter shall prevail.
- The loan amount can be up to 16 times the applicant’s basic monthly salary (maximum HK$3,000,000). The final approved loan amount, based on a multiple of the applicant’s monthly salary, is subject to change in accordance with individual circumstances.
- If the requested loan amount is approved in full, The Bank of East Asia, Limited will not notify the applicant. The Loan amount will be credited to the applicant’s designated bank account directly.
- In case of dispute, the decision of MoneyHero and BEA shall be final and conclusive
- Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay!
1. Fill out the form and submit your documents
2. Dedicated follow-up and approval updates
3. Get your loan in no time!
- 3 months 0% interest (Suitable for Tax Season)
- APR as low as 1.5%
- Handling fee wavier
- Loan amount up to HK$3,000,000 or 18 times of monthly salary (whichever is lower)
- Hong Kong Identity Card
- Income proof
- Latest month's payroll slip
- Latest salary tax demand note, latest MPF contribution proof or latest three months' payroll account bank statement/account passbook (with first page showing your name and account number)
- Latest three months' full set of main bank statement/account passbook (with first page showing your name and account number)
- Latest residential address proof (for example: electricity bill or bank statement)
- Application Eligibility:
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Aged 18 or above and a Hong Kong Permanent Resident
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Annual salary of HK$64,000 or above
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At least 6 months in current employment
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- APR 1.50% is only applicable to Private Banking or Private Wealth customers of the Bank whose latest Credit Score of TransUnion is within AA grade, loan amount of HK$3,000,000 with 6 months repayment period, and holding a valid HK$ Savings Account / Checking Account in the Bank as repayment account
- The APR is calculated according to the standard of Hong Kong Association of Banks and rounded to two decimal places. An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of the product expressed as an annualized rate. Interest is charged daily and calculated on the basis of 365 days per year
- For Personal Installment Loan amount of HK$100,000 with 12 months repayment period, the monthly flat rate is 0.27% (APR 6.11%), and the total loan repayment amount is HK$103,248 (handling fee is waived). The above example is for reference only. The loan application and terms of the loan are subject to the Bank's approval. The actual APR may vary for individual customer and the final interest rate will be subject to credit condition of the customer
- China Construction Bank (Asia) Corporation Limited reserves the right of final decision on the interest rate and approval result
- To borrow or not to borrow? Borrow only if you can repay!
- The above example is for reference only. The actual APR, total interest and repayment amount may vary for individual customer and subject to the loan amount, repayment period and credit condition of the customer, please contact the staff of the Bank for details.
1. Apply online
2. Upload documents
3. Approve instantly
4. Verify and disburse loan
- Maximum loan amount of up to 18X monthly salary or HK$4,000,000 (whichever is lower)
- Max Loan Repayment Tenure: 60 months; 0% handling fee
- 7-Day Cooling-off Period - Early redemption fees and changes waiver with waiver on early redemption fee and charges
1. Hong Kong Permanent Identity Card
2. Latest residential address proof showing your name
3. For regular income earners, please enclose latest 1 month’s computer generated Payroll Slip or latest 1 month’s Bank Statements / Passbook showing name, account number and salary entries;
For irregular income earners, please enclose latest 3 months’ computer generated Payroll Slip or latest 3 months’ Bank Statements / Passbook showing name, account number and salary entries;
For self-employed applicants, please enclose a Business Registration Certificate AND latest Profits Tax Demand Note
- The Annualised Percentage Rate is 1.85% (for clients with loan amount of HK$1,500,000 or above and tenor of 12 months). APRs are reference rates which include the basic interest rate and other applicable fees and charges of a product expressed as an annualised rate. This APR does not include cash rebate. The preferential interest rates are only applicable to clients who are not holding any Standard Chartered Credit Cards at the time of this application, or clients who use the Bank’s auto-payroll services or SCB Priority Private / Priority Banking Customers. The Bank reserves the right to determine the applicable interest rate and handling fee, and to approve a loan application, which is to be considered on a case-by-case basis in accordance with the client’s credit records and other relevant factors as the Bank may consider in its absolute discretion. All offers are subject to Terms and Conditions
- The Annualised Percentage Rates (“APR”) are reference rates which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable).
- Standard Chartered Bank reserves the right to determine the applicable interest rate and handling fee and acceptance of a loan application, which is to be considered on a case-by-case basis in accordance with the client’s credit records and other relevant factors.
- Eligibility: With fixed annual income of HK$96,000 or above; and Hong Kong permanent residents aged 20 or above
- The monthly flat rate shown above was rounded to 2 decimal places and for reference only.
- To borrow or not to borrow? Borrow only if you can repay!
- 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, 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
1. Apply through WeLab Bank app
2. Upload documents
3. Verify and get approval
4. Disburse loan
- APR as low as 0.65%*
- Loan amount up to HK$1,500,000 or up to 18x monthly salary (whichever is lower)
- Enjoy up to HK$29,287 rewards upon successful application and drawdown of specified loan amount
- Complete your application in as fast as 3 steps
- **After get your loan in 1 day at the earliest with HKD 0 handling fee
- Smart Management in 1 App - Complete loan applications, approvals, and management in 1 app, truly simple and convenient!
- Intelligent Financial Health Analysis - Free and unlimited access to credit score assessments.^
Employed - Regular Income:
Latest 1 month income proof, and
A recent address proof issued within the last 3 months
Freelancer or Employed - Variable income:
Latest 6 months income proof, and
A recent address proof issued within the last 3 months
Business Owner:
Latest 3 months personal bank statement, and
Latest 6 months company bank statements or salary tax demand note, and
A recent address proof issued within the last 3 months
- **The estimated period is calculated from the day the loan agreement is signed. The actual approval period and the actual time the loan is disbursed may vary upon information provided by the applicants.
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The above APR is applicable for designated loan product with loan amount as HKD 283,000 with tenor of 24 months, the APR will be 0.65% (including a cash rebate of HKD 3,000) or 1.68% (without any cash rebate) and total repayment amount will be HKD 287,924.20. The APR is calculated according to the guidelines issued in respect of the Code of Banking Practice and rounded to the nearest 2 decimal places. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate. The final APR offered is subject to the applicant’s application information, personal credit record, and the final approval process.
- We reserve the right to request customers to provide additional supporting documents for the loan application. The actual time for loan approval and the loan disbursement may vary depending on the information provided by the customer and are subject to the credit assessment result. Any loan application is subject assessment against normal lending criteria.
- ^Subject to terms and conditions. Customers must meet specified requirements, and actual circumstances may vary depending on individual situations. For details, please refer to the relevant terms and conditions on the WeLab Bank official website.
- To borrow or not to borrow? Borrow only if you can repay!
- 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
- HKID Card
- Latest 1 month's income proof
- Latest 3 months' proof of current residence
- The 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 versions and English version of this page, the English 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.
HSBC Personal Instalment Loan
- APR as low as 1.88% (monthly flat rate as low as 0.10%) ; HK$0 handling fee
- 1-minute approval; no income proof is required if you have maintained an auto payroll account with HSBC for one month or above
- Borrow up to HK$3,000,000 or 23 times your monthly salary, whichever is lower
- Flexible repayment period from 6 months to 60 months
- Cash withdrawal from over 1,000 HSBC's ATMs and branches
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Only applicable to selected customers who successfully apply for and draw down an approved loan of HK$1,500,000 or above during the promotional period. For a repayment period of 12 months, the monthly flat rate is 0.10%, the Annualised Percentage Rate (APR) is 2.25% (without any cash rebate and RewardCash) or 1.88% (taking into account HK$1,500 cash rebate and $1,400 RewardCash). The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. For your eligible rates, please call our hotline 2748 8080, log on to HSBC Online Banking or the HSBC HK App for details.
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It comprises the total sum of up to HK$5,000 cash rebate and $5,000 RewardCash under the Successful Application Offer. Customers who successfully apply for and draw down an approved loan of HK$1,500,000 or above with a repayment period of 60 months during the promotional period will be eligible for a total sum of up to $10,000 rebate.
- Only applicable to customers who successfully apply for and draw down anapproved loan of HK$600,000 Oor above, with a loan tenor of 36 months or above during the promotional period via HSBC Online Banking or the HSBC HK App, will be eligible for one set of HSBC LimitedEdition Commemorative Mahjong Set.
- Processing time may vary in some cases depending on the actual circumstances of individual applications
- Minimum redraw is HK$3,000 and you must have had a Personal Instalment Loan account for at least 3 months. The Bank reserves the final right of allowing customers to redraw or not and has sole discretion to determine the redrawn amount and tenor
- Applications have to be submitted during the Bank’s service hours (Monday to Friday: 9 am - 8 pm, Saturday: 9 am - 5 pm, Sunday and public holidays: 12 noon - 12 midnight, or individual branch’s opening hours) with all required information (including without limitation a valid HSBC banking account number) and documents. The actual turnaround time starts when all the required information is successfully inputted into the Bank’s application evaluation system and the Bank may provide the instant application result and fund disbursement. Processing time may vary in some cases depending on the actual circumstances of individual applications.
- The actual repayment amount is subject to final approval
- Offer examples above are for reference only.
- Terms and conditions apply. For details, please refer to HSBC’s website. The monthly repayment amount, monthly flat rate, Annualised Percentage Rate (APR) and total interest amount shown are for indication only and are not meant to be final.
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Terms and conditions apply. Please visit our website hsbc.com.hk/loan for promotional period, offer details and full terms and conditions regarding this promotion.
- Issued by The Hongkong and Shanghai Banking Corporation Limited
- To borrow or not to borrow? Borrow only if you can repay!
MoneyHero's Guide to Choosing a Personal Loan
As everyone’s financial situation and needs are unique, there are no one-size-fits-all loans. Rates and requirements for loan applications vary depending on circumstances, making certain loans a better fit for you. MoneyHero brings you what you need to know about personal loans, as well as elements to consider so that you can find the loan that best suits you.
Current average personal loan rates
Depending on your credit rating, your APR can be affected. This will influence your interest rate as well as limit how much you can borrow.
|
Rating |
Class |
Credit Score |
Estimated APR Range |
|
A |
Excellent |
3526 – 4000 |
1-10% |
|
B |
Good |
3417 – 3525 |
10-15% |
|
C |
3240 – 3416 |
||
|
D |
Fair |
3214 – 3239 |
15-20% |
|
E |
3143 – 3213 |
||
|
F |
3088 – 3142 |
||
|
G |
Poor |
2990 – 3087 |
20-25% |
|
H |
2868 – 2989 |
||
|
I |
Very Poor |
1820 -2867 |
25%+ (Or rejection) |
|
J |
1000-1819 |
How to compare personal loans
With so many offers available to you, consider the following factors to determine which deal is best for you.
APR
APR, or Annual Percentage Rate, is a crucial financial metric used to express the total cost of a loan over a year, including both the interest rate and any additional fees that may be associated with borrowing. APR provides you with a standardised way to compare different loan offers, allowing them to understand the true cost of borrowing more clearly.
When evaluating personal loan deals, considering the APR is essential because it takes into account not only the nominal interest rate but also any processing fees, closing costs, and other charges that may apply. This comprehensive view ensures that you are not misled by a lower interest rate that might be offset by hidden fees, which could make one loan significantly more expensive than another.
Monthly payment
The monthly payment represents the amount a borrower needs to repay each month over the loan's term. In the context of personal loans, this payment typically includes both the principal amount (the original loan amount) and the interest charged. Understanding your monthly payment is crucial for managing your budget, as it directly affects your cash flow and financial stability.
When comparing personal loan deals, the monthly payment plays a significant role because borrowers need to ensure they can comfortably afford it within their existing budget. A lower monthly payment might seem appealing, but it could extend the loan term and increase the total interest paid over time, potentially making the loan more expensive in the long run.
Fees
Fees are charges imposed by lenders in addition to the principal and interest costs of a loan. In the context of loans, these fees can significantly impact the total cost of borrowing and should be carefully considered when comparing personal loan deals. A loan with a low interest rate may still be expensive if it has high fees.
Common types of fees include late payment fees and prepayment penalties. Late payment fees occur when a borrower misses a payment deadline and can add an additional financial burden. Prepayment penalties may be applied if a borrower pays off the loan early, which can deter individuals from paying off debt sooner to save on interest.
Funding time
Funding time refers to the duration it takes for a lender to disburse the approved loan amount to the borrower after a loan application is submitted. This timeframe varies significantly among lenders and can range from a few hours to several days, depending on the lender’s policies, the type of loan, and the complexity of the application.
If you are in urgent need of funds—such as for medical emergencies, unexpected expenses, or significant purchases—a quicker funding time can be critical. A loan that offers rapid approval and same-day funding might be more appealing than one with a lower interest rate but a longer processing time.
Payment flexibility
Payment flexibility refers to the options and terms a lender offers regarding how you can manage your loan repayments. In the context of loans, payment flexibility can include aspects such as the ability to make extra payments without penalties, adjust payment schedules, and choose between fixed or variable repayment amounts.
Considering payment flexibility is crucial when comparing personal loan deals because it directly impacts a borrower’s ability to manage their finances effectively. For instance, a loan with flexible repayment options allows borrowers to make additional payments when they have extra funds, which helps them pay off the debt faster and reduce interest costs. This feature can be particularly beneficial for those who may experience fluctuations in income.
Other consumer-friendly features
Some loans may offer other consumer-friendly features that enhance the borrowing experience and provide more value to the borrower. These features can significantly affect the overall satisfaction and financial implications of a loan. One common example of this is rewards programs, which may offer cash back or points for on-time payments, allowing borrowers to earn benefits while managing their debt.
Pros and Cons of Personal Loans
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Cons |
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Before Getting Your Personal Loan
1. Check Your Credit Score
Understand your creditworthiness as it influences the loan terms and interest rates you'll qualify for.
2. Assess Your Financial Needs
Clearly define why you need the loan and how much you require. This helps in choosing the right loan amount.
3. Understand the Costs
Be aware of any origination fees, interest rates, and other costs associated with the loan.
4. Evaluate Your Debt-to-Income Ratio
Ensure your monthly debt payments are manageable relative to your income. Lenders often consider this ratio when approving loans.
5. Research Lenders
Compare different lenders to find the best personal loan rates and terms that suit your financial situation.
6. Consider a co-applicant:
If your credit score is holding you back from better rates and higher limits, having a co-signer or co-borrower may improve your chances.
7. Prepare Documentation
Gather necessary documentation like proof of income, employment details, and identification (e.g. Hong Kong ID card or passport), as these will be required during the application process.
8. Plan for Repayment
Have a solid plan in place for how you will repay the loan, taking into account your monthly budget and any potential changes in your financial situation.
Managing Your Personal Loan
It may be daunting when you’re thinking about loan repayments before you borrow. Consider the following elements while assessing your options to ensure that you can make the most of your loan.
Assess Your Budget
Budget assessment involves a comprehensive evaluation of your income, expenses, and financial obligations to determine how much you can feasibly allocate toward loan repayments. The first step in budget assessment is to calculate your total monthly income, which includes salaries, bonuses, and any additional sources of revenue.
Next, list all your monthly expenses, categorising them into fixed expenses (like rent or mortgage, utilities, and insurance) and variable expenses (such as groceries, entertainment, and discretionary spending). This helps identify areas where you may cut back to make room for loan payments. It's essential to ensure that your total monthly expenses, including your new loan payment, do not exceed a sustainable percentage of your income.
Loan Amount and Terms
The loan amount refers to the total money you borrow, while loan terms encompass the length of time you have to repay the loan and the associated interest rates.
Consider your needs when deciding your loan amount. Borrowing only what you need helps prevent a cycle of debt, as larger loans often lead to higher monthly payments and increased interest costs. Lenders typically base the maximum loan amount on your creditworthiness and income, so it's important to find a balance between your needs and your ability to repay.
Loan terms can significantly affect your monthly payments and total interest paid over the life of the loan. Shorter terms may result in higher monthly payments but lower overall interest costs, while longer terms usually mean lower monthly payments but can lead to paying much more in interest over time.
Repayment Options
Repayment options refer to the various methods and schedules available to repay the loan, while repayment terms encompass the duration and conditions under which the loan must be repaid.
One important repayment option is the choice between fixed and variable interest rates. Fixed rates provide consistency, ensuring that your monthly payments remain the same throughout the loan's life, making budgeting easier. In contrast, variable rates can fluctuate based on market conditions, potentially leading to lower initial payments but uncertainty over time.
Need More Help with Choosing Personal Loans?
A personal instalment loan, also known as an unsecured loan, is a type of loan that allows you to borrow a specific amount of money and repay it through fixed instalments over a period of time. Unlike a secured loan that requires collateral like a house or car, a personal loan only requires a monthly payment that includes both the loan's principal and interest.
If you can pay off the loan principal and interest on time, you can use the money from your loan to finance your personal goals, such as renovating your home or planning your next dream vacation. Instead of paying off the loans in one lump sum, repaying them as instalments over 1 to 5 years could help ease your financial burden.Personal loans can be applied in a majority of banks and lending companies here in Hong Kong. Popular lenders include the likes of Citibank, Hongkong and Shanghai Banking Corporation(HSBC), China Construction Bank, Standard Chartered Bank, Hang Seng Bank,vDBS Bank, WeLend, Promise, United Asia Finance, and many more. They provide loans at competitive rates and are often paired with equally tempting promotions and offers. You can also use MoneyHero's online comparison tool to easily find out the interest rates, loan amounts, total repayment values, and terms offered by various personal loan providers in Hong Kong, then instantly select the right personal instalment loan with the lowest monthly rates to suit your needs.
While low monthly interest rates may seem appealing for a personal instalment loan, they may not always offer the best overall deal. Additional factors such as handling and administrative fees, should be taken into consideration, as they can significantly impact the total cost. To make an informed decision, you can compare the Annual Percentage Rates (APR) of different loans, as they provide a more accurate representation of the borrowing costs. Additionally, be sure to watch out for any hidden charges that could potentially increase your expenses.
While certain financial companies advertise "instant loan approval," this typically refers to passing the initial screening of your application. In reality, you may still need to wait for a period ranging from 10 to 60 minutes to receive the actual approval. Certain banks may take longer, with approval times ranging from 2 to 5 working days.
You will repay the loan monthly with a fixed amount of principal and interest, and the interest for the loan amount will usually be calculated based on a flat monthly rate. If you know your total loan amount, monthly flat rate, and repayment period, you can calculate the monthly interest. You can consider using our free personal loan calculator to help.
Having trouble calculating the repayment amount? Hoping to learn more about loan formulas? We’ll handle the task of filtering precise loan offers tailored to your profile and needs. Our personal loan calculator makes it easy for you to compare different loan options and choose the one that works best for you. It only takes a few clicks to see a complete list of suitable loans that match your criteria.
Formula to calculate monthly loan payment:monthly payment = principal x (interest rate / 12)Loans are financial products that offer a person or a business the necessary funds to fulfil their financial requirements or needs. Typically provided by financial institutions, loans come with specific repayment terms and conditions. Based on the terms that you agreed to, you will need to repay both the initial loan amount and the accumulated interest.
There are various types of loan products available in Hong Kong. If you are looking to borrow money or take out a personal loan (also known as P loan) for a particular financial goal, you should try to learn and understand the differences between each loan product before deciding the one that is best for your needs:
Personal Instalment Loans
A personal instalment loan allows you to borrow a fixed amount of money and repay it over a set period of time with
interest, usually in equal monthly instalments. These loans can be used for a wide range of purposes. If you don't have a specific need for a loan, such as paying taxes, clearing credit card debts, buying a car, or requiring quick cash, you may choose personal instalment loans due to its greater flexibility in terms of loan amounts and repayment periods.
Personal Tax LoansBanks and lending companies typically offer personal tax loans to help individuals pay their taxes, particularly during tax season. These loans allow you to borrow a fixed amount and repay it in manageable instalments, easing the financial burden for those with higher income.
Debt Consolidation PlanThis type of unsecured personal loan helps you simplify and manage your debts. It allows you to combine multiple debts into a single loan with a lower interest rate and a fixed repayment plan. This way, you can reduce the overall amount of interest you pay and manage your debts more effectively. This type of loan is usually intended for consolidating existing debts.
Car LoansA car loan is a type of personal loan provided by a bank to finance a car purchase. You can use the car loan to purchase a vehicle without needing to provide the car as collateral. Car loans have no restrictions on the age and model of the car, allowing you the freedom to choose any vehicle type, regardless of whether it is a new or used car. You are required to repay the initial loan amount and interest in fixed monthly instalments within the repayment period.
Refinance LoansRevolving loans, also known as revolving credit or credit line, offer you a flexible pool of funds that you can withdraw within an approved limit. You can borrow and repay it whenever you want, and the credit becomes available again for future use. This helps you manage your cash flow effectively. Interest is only charged on the outstanding balance on a daily basis. A monthly handling fee may apply based on the lender's policy.
SME / Business LoansTailored for small and medium-sized enterprises (SMEs) and businesses, these loans are generally used to provide the necessary financial support for businesses for their operations, expansion, or investment. For example, the loans can help them purchase equipment, expand factories, or supplement working capital.
Student LoansGeared towards assisting students in paying for their education, these unsecured loans enable students to borrow a fixed amount and repay it over a specific period of time with interest. The most common student loan available in Hong Kong is the Grant and Loan Scheme provided by the Student Finance Office. While a “Grant” is a subsidy for tuition fees, a “Loan” provides loans with low interest for university students.
The shortest repayment period for personal loan applications can be 60 days, while some lenders offer a flexible repayment period of up to 84 months.
The maximum loan amount you can borrow is typically 6 to 18 times your monthly income, with a limit of HK$4 million. The actual amount you qualify for depends on factors like your credit score and income status, regardless of the lender's maximum offering. Banks and financial institutions may also consider your Debt Servicing Ratio (DSR) to determine the loan amount. In general, maintaining your DSR below 40% increases your chance of receiving a favourable loan offer. We advise you to maintain your DSR within this percentage.
Bank loans and loans from lending companies are different in terms of interest rates, loan amounts, eligibility criteria, repayment terms, and the application process:
Bank Loans
Lending Company Loans
Interest Rates
Generally lower
Generally higher
Loan Approval Process
More strict
More lenient
Requirements
More strict
More flexible
Collateral
Required for some loans
Often unsecured
Repayment Terms
Less flexible
More flexible
Customer Service
Personalized
Less personalized
Loan Amount
Higher depending on collateral
Lower
Loan Purpose
More strict
More flexible
The process for a loan application largely depends on the lender and the type of loan you are applying for. Some common steps include comparing loan options, checking the eligibility criteria and required documents for the chosen loan, submitting the loan application form and required documents, and waiting for approval. Both traditional banks and virtual banks offer online loan applications that can be completed through a quick and easy process on their mobile banking apps.
However, not all of them will approve applications solely through the app or online channels. In certain cases, they may require additional steps or direct communication with you to proceed with the application. The approval process may involve connecting with you through phone calls to finalise the application.The supporting documents needed vary depending on the lender and the type of loan you are applying for. In general, the documents listed below are typically required when applying for a loan:
1. Identity Proof: This could be in the form of a Hong Kong ID card or a passport.
2. Proof of Income: This may include a salary statement, bank statement, or tax returns.
3. Proof of Address: This might involve providing an utility bill or a bank statement.
4. Proof of Employment: This could entail an employment contract or a letter from your employer.
5. Collateral Documents: If the loan requires collateral, you will need to provide documents related to the collateral, such as a property deed or a vehicle registration.
Personal Loans Glossary
If you've read through our page and are struggling to gain a thorough understanding of which personal loan to select due to the unfamiliar terms and information about personal loans, don't worry; we've got you covered. We have a personal loans glossary where you can find a comprehensive list of terms with easy-to-understand definitions. Our glossary can be a valuable tool for anyone who wants to educate themselves on the world of personal finance. So, if you're confused about any of the terms we use on this page, be sure to check out our personal loans glossary for clarity.
Looking for another financial product?
MoneyHero has partnered with the most trusted banks and financial institutions in Hong Kong to help you find the right financial products. Through our comparison engine, you can compare credit cards, personal loans, mortgages, medical insurance, travel insurance, HK stock accounts, US stock accounts, payroll accounts, and other financial products. We provide accurate, up-to-date information and an unbiased overview of financial products in Hong Kong so that you can make the best choice, saving your time and money.