Best Small Size Loan Comparison 2026
Updated: 24 Feb 2026
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Small size loans are primarily used to handle emergency expenses, debt consolidation, and more. In particular, some loan products on the market that brand themselves as "No-TU" generally offer lower loan amounts than standard private loans and carry higher interest rates. Therefore, if you require a larger sum of capital, you should consider applying for a private loan instead. Before applying for a loan, you should think clearly about the purpose of the borrowing and ask yourself why you need this money. Is it to cover sudden, essential expenses (such as medical bills or emergency repairs), or for non-essential consumption (such as travel or shopping)?
Once you have decided on the actual amount you need to borrow, you should only borrow the amount you truly require. Do not over-borrow simply because the application process is easy. The limits for No-TU small size loans are usually not high; while they can release funds to you quickly, you should still avoid borrowing more than your actual needs to minimize interest expenses as much as possible.
Comparison of 3 Best Small Size Loan Products
There are many banks and financial institutions in Hong Kong that provide small size loans. Some finance companies even offer "No-TU" loan products, which serve as a method for quick turnover for individuals with poor TU credit ratings or those without a fixed income (such as the self-employed, students, or homemakers). Below is a comparison of 5 small size loans:
- Online application with 24/7 instant approval and 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
(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. 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
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Warning: You have to repay your loans. Don't pay any intermediaries.
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Enquiry and Complaint Hotline: 2681 8888
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Money Lender’s Licence No.: 0805/2025
- 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 3.95%. With interest calculated on 365 days per year, the estimated daily interest amount is HKD5.6 (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
- The Annualised Percentage Rate ranges from 1.02% to 18.86%, with 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 1.02% (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. Instant 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 3.50% (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 3.95%. 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 HKD100,000 split into 60 monthly instalments, the Annualised Percentage Rate (APR) is 3.95%. With interest calculated on 365 days per year, the estimated daily interest amount is HKD5.6 (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!
However, please note that the above information is for reference only. To enjoy the lowest Annualized Percentage Rate (APR) and the maximum loan amount mentioned above, specific requirements often must be met—for example, the loan amount reaching a designated threshold or the applicant being a property owner. The actual APR and maximum loan amount will depend on the final approval by the banks and finance companies.
What is a small size loan?
There are many types of small size loans. Although there is no explicit definition, in a broad sense, loans with an amount below HK$100,000 can be referred to as small size loans. Some finance companies even provide small size loan products as low as several thousand Hong Kong dollars. Naturally, the repayment period for these is shorter, generally within a few months; therefore, this type of loan is also known as a "short-term loan," allowing applicants to obtain emergency funds quickly. Generally, products that fit the definition of a "small size loan" share the following common points:
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Lower loan amounts, which can be as low as HK$1,000.
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Some small size loans waive income proof and TU (credit report) checks.
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Approval is generally faster, with cash available as soon as the same day.
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Applications can be made online, and the process does not require appearing in person.
Application Process for a small size loan
Unlike standard bank private loans, the application process for a small size loan is simpler and can even be completed without appearing in person. You only need to submit basic identification documents (some do not even require income proof), and the entire process can be conducted online, with cash available as soon as the same day. Note, however, that the application process varies by finance company; details are subject to the requirements of individual institutions.
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Submit the application online (via website or mobile app).
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Upload identification documents (such as ID card, proof of address within the last 3 months, phone number, etc.).
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TU credit check (this step is waived for some No-TU small size loans).
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Receive the approval result (approved loan amount and APR).
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Extract the loan after signing the contract.
Interest Rates for small size loans
While some banks and financial institutions typically advertise that the APR for their loan products can be as low as under 2%, this is the best-case scenario. To obtain the lowest interest rate, certain requirements must usually be met, such as a loan amount exceeding HK$1.5 million. For small size loans, No-TU loans, or applicants with poor credit scores, the APR may reach double digits. Because these types of loans can waive credit checks, finance companies cannot assess the applicant's default risk; therefore, interest rates are usually higher, and the annual rate can reach 20% or more.
There are actually many types of small size loans! Which one is right for you?
1. General Private Loans
There is no explicit definition for a small size loan. Generally speaking, any loan with a lower amount (roughly below HK$100,000) can be called a small size loan. Since you can choose your own loan amount for a private loan (with the final result determined by the bank/financial institution), you can also apply for one as a small size loan. Although financial institutions will review the applicant's income and TU credit rating, interest rates are generally lower, making this suitable for individuals with a fixed income and a good TU record.
2. No-Document, No-TU Loans
Some financial institutions provide No-TU loan products. As the name suggests, the applicant does not need to submit income proof, and the financial institution will not review the applicant's TU credit score. Due to the low application threshold and relatively simple procedures, these are suitable for individuals in urgent need of cash turnover, those without a fixed income, or those with a poor TU record.
3. Short-Term small size loans
Some financial institutions also offer short-term loan plans specifically designed as small size loans. Because the amounts are small, the repayment periods are also shorter. For example, the Promise "Express Cash" small size loan specifically provides loans of HK$2,000 with a fixed repayment period of 4 months; the Cashing Pro "Small Emergency Cash" loan amount starts from HK$1,000, with interest calculated daily. These are suitable for individuals who need to borrow a small amount of money for emergencies.
4. Revolving Loans
Revolving loans are sometimes referred to as credit card overdrafts. A bank will pre-approve an overdraft limit for the applicant, allowing the customer to withdraw cash directly from the account even if the balance is insufficient. Once repaid, the overdraft limit can be reused without needing to apply each time; hence it is called a revolving loan. While the benefit is greater flexibility, revolving loans generally calculate interest daily. If the loan is not repaid for a long time, a considerable amount of debt will accumulate.
Pros and Cons of small size loans
Pros
The application process is relatively easy.
Faster approval, with funds transferred in as little as 1 day.
Some small size loans offer No-TU and waive income proof requirements.
Applications can be made online, and the process does not require appearing in person.
Cons
Loan amounts are generally lower than standard private loans.
The Annualized Percentage Rate (APR) is typically higher.
High interest rates make it easier to fall into a debt trap.
When should you consider a small size loan?
Life is full of sudden situations, such as an urgent need for cash to cover medical expenses, family emergencies, or short-term liquidity issues. For some Hong Kong residents, if their credit record (commonly known as the "TU" rating) is not ideal, or if they are freelancers or self-employed and cannot provide the income proof required by traditional banks, applying for a bank loan may be difficult. In these cases, small size loans that brand themselves with "No-TU" and "Ultra-fast Approval" become a way to release funds quickly.
However, the Annualized Percentage Rate (APR) of these "No-TU small size loans" can be much higher than traditional bank loans, and one could easily fall into a debt trap if not careful. In fact, the approval process for standard private loans is quite fast nowadays; generally, results are available within two weeks of application. Therefore, if you have a stable income and a good TU record, it is recommended to apply for a standard private loan instead.
When should you consider alternatives to small size loans?
Although small size loans are relatively easy to get approved, a loan that truly suits you must align with your intended use of funds. If you fall into the following situations, you may consider options other than a small size loan:
| Situation | Potential Loan Product | Reason |
| Large expenses (e.g., wedding, renovation) | Private Loan | Standard private loans (especially from banks) usually allow for higher borrowing amounts, and the APR may be lower than a finance company's small size loan, making it more cost-effective for large expenses. |
| Purchasing a new/used car | Car Loan (Dealer Financing), Private Loan | "Dealer financing" is a dedicated car loan. Additionally, if a large amount is needed, the interest rates of general private loans may be more competitive than small size loans. |
| Clearing credit card debt | Debt Consolidation Loan (Balance Transfer) | Specifically used to consolidate high-interest credit card debt or other liabilities. Interest is generally lower, saving on interest expenses; it is more effective than using a small size loan to "cover" debts. |
| Funds for business use | Private Loan, Bank Financing, Crowdfunding, Startup Funds | If funds are for business use, bank commercial loans or financing schemes may better suit your needs (e.g., larger amounts, different repayment periods). |
| Paying taxes | Tax Loan | Every tax season, banks and finance companies launch tax loans with exceptionally low interest rates, usually far lower than general small size loans, making them the top choice for tax payments. |
| Applicant owns property | Homeowner Private Loan | If the applicant owns a property (or a parking space), they can consider a homeowner private loan, which offers higher maximum loan amounts and more attractive interest rates. |
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