Set4-V1_Top_Banner_Desktop_EN.png

We found 13 Results for

Sort By

Refine

$
Months

MoneyHero's Providers

Airstar Bank Debt Consolidation Loan

Airstar Bank Debt Consolidation Loan

MoneyHero Exclusive OfferFeatured Product
Airstar Bank Debt Consolidation Loan
$424,557
Total Repayment (as low as)
$8,845
Monthly Repayment (as low as)
2.99%
APR (as low as)Monthly Flat Rate: 0.13%
MoneyHero Exclusive Offer:
Enjoy up to HK$5,000 cash rewards exclusively from MoneyHero for successful loan drawdown of a specific loan, and 60 days interest and repayment free from the latest offers
60 Days interest and repayment free; stellar APR as low as 2.99%
Total loan amount up to 21 times of monthly salary, with the option to cash out part of the loan amount up to 12 times of monthly salary
60 Days interest and repayment free; stellar APR as low as 2.99%
Total loan amount up to 21 times of monthly salary, with the option to cash out part of the loan amount up to 12 times of monthly salary
Citi Debt Consolidation loan

Citi Debt Consolidation loan

MoneyHero Exclusive OfferFeatured Product
Citi Debt Consolidation loan
$424,960
Total Repayment (as low as)
$8,853
Monthly Repayment (as low as)
2.91%
APR (as low as)Monthly Flat Rate: 0.13%
MoneyHero Exclusive Offer:
[Till 31 Aug] Choose between HK$8,000 Apple Store Gift Card, HK$8,000 YATA Gift Certificate, or Samsung Galaxy S21 Ultra 5G 256GB (valued at HK$9,698) and many more for new customers who successfully apply for the loan via MoneyHero and fulfil specific drawdown requirement
[Consolidate your debts] A lower interest loan making repayment easier; APR as low as 2.91% (calculation based on the monthly flat rate 0.13% with loan amount of HK$1,200,000 and repayment period of 12 months);
The Actual APR may vary for individual customers
[Consolidate your debts] A lower interest loan making repayment easier; APR as low as 2.91% (calculation based on the monthly flat rate 0.13% with loan amount of HK$1,200,000 and repayment period of 12 months);
The Actual APR may vary for individual customers
Standard Chartered Debt Consolidation Program

Standard Chartered Debt Consolidation Program

MoneyHero Exclusive OfferFeatured Product
Standard Chartered Debt Consolidation Program
$433,024
Total Repayment (as low as)
$9,021
Monthly Repayment (as low as)
4.01%
APR (as low as)Monthly Flat Rate: 0.17%
MoneyHero Exclusive Offer:
Up to welcome HK$4,000 cash rebate and exclusive HK$8,800 supermarket cash coupon or Apple Store Gift Card for successful applications and drawdown of specific loan amounts via MoneyHero
Max Loan Repayment Tenure: 72 months; 0% handling fee
[Debt Consolidation] APR as low as 2.15% (loan amount HK$200k or above and tenor of 36 months or below)
Max Loan Repayment Tenure: 72 months; 0% handling fee
[Debt Consolidation] APR as low as 2.15% (loan amount HK$200k or above and tenor of 36 months or below)
HSBC Personal Instalment Loan

HSBC Personal Instalment Loan

Latest Offer
HSBC Personal Instalment Loan
$415,360
Total Repayment (as low as)
$8,653
Monthly Repayment (as low as)
1.8%
APR (as low as)Monthly Flat Rate: 0.08%
Latest Offer:
Up to HK$1,600 cash rebate for successful loan application and document submission
Loan amount of up to HK$3,000,000 or 12 times of the monthly salary
APR as low as 1.80% (calculation based on the monthly flat rate 0.08% with loan amount of HK$1,500,000 and repayment period of 12 months); The Actual APR may vary for individual customers and subject to final approval
Loan amount of up to HK$3,000,000 or 12 times of the monthly salary
APR as low as 1.80% (calculation based on the monthly flat rate 0.08% with loan amount of HK$1,500,000 and repayment period of 12 months); The Actual APR may vary for individual customers and subject to final approval
PrimeCredit Balance Transfer

PrimeCredit Balance Transfer

Latest Offer
PrimeCredit Balance Transfer
$419,200
Total Repayment (as low as)
$8,733
Monthly Repayment (as low as)
2.38%
APR (as low as)Monthly Flat Rate: 0.1%
Latest Offer:
Up to HK$10,000 cash bonus will be rewarded upon successful application
[No handling fee] No early settlement fee
[Professional analysis] Saving 98% interest
[No handling fee] No early settlement fee
[Professional analysis] Saving 98% interest
DBS Debt Consolidation Loan

DBS Debt Consolidation Loan

MoneyHero Exclusive Offer
DBS Debt Consolidation Loan
$426,880
Total Repayment (as low as)
$8,893
Monthly Repayment (as low as)
4.32%
APR (as low as)Monthly Flat Rate: 0.14%
MoneyHero Exclusive Offer:
[Deadline: 31 August ] Enjoy up to HK$5,000 cash coupon for withdrawal of a particular loan amount (included up to HK$1,700 exclusive supermarket coupon)
[More debt, less burden] Loan amount up to 21x your monthly salary or HK$2m (whichever is lower)
[Consolidate your debts] Say no to minimal payment of credit card debt
[More debt, less burden] Loan amount up to 21x your monthly salary or HK$2m (whichever is lower)
[Consolidate your debts] Say no to minimal payment of credit card debt
AEON Debt Consolidation Loan

AEON Debt Consolidation Loan

AEON Debt Consolidation Loan
$438,400
Total Repayment (as low as)
$9,133
Monthly Repayment (as low as)
4.66%
APR (as low as)Monthly Flat Rate: 0.2%
Loan amount up to 12X monthly salary, 60 months repayment
Loan amount up to 12X monthly salary, 60 months repayment
UA Debts Consolidation Loan

UA Debts Consolidation Loan

MoneyHero Exclusive Offer
UA Debts Consolidation Loan
$451,840
Total Repayment (as low as)
$9,413
Monthly Repayment (as low as)
6.17%
APR (as low as)Monthly Flat Rate: 0.27%
MoneyHero Exclusive Offer:
[Deadline: 31 August] Enjoy up to HK$7,000 cash rewards for successful loan application and drawdown of specific loan amounts via MoneyHero (including exclusive HK$2,000 supermarket coupon)
Loan amount up to HK$2,000,000
Repayment terms up to 84 months
Loan amount up to HK$2,000,000
Repayment terms up to 84 months
Hang Seng Debt Consolidation Instalment Loan

Hang Seng Debt Consolidation Instalment Loan

Latest Offer
Hang Seng Debt Consolidation Instalment Loan
$455,936
Total Repayment (as low as)
$9,499
Monthly Repayment (as low as)
6.77%
APR (as low as)Monthly Flat Rate: 0.2%
Latest Offer:
Enjoy up to HK$500 cash rebate via online or mobile application
Loan amount of up to 21 times of your monthly salary ; Repayment periods up to 72 months
Enjoy extra cash up to 8 times of your monthly salary on hand
Loan amount of up to 21 times of your monthly salary ; Repayment periods up to 72 months
Enjoy extra cash up to 8 times of your monthly salary on hand
Fubon Balance Transfer Personal Loan

Fubon Balance Transfer Personal Loan

Latest Offer
Fubon Balance Transfer Personal Loan
$456,218
Total Repayment (as low as)
$9,505
Monthly Repayment (as low as)
6.8%
APR (as low as)Monthly Flat Rate: 0.29%
Latest Offer:
Privileged customers can enjoy fixed APR 6.80%
Other customers can enjoy fixed personalized interest rate; HK$0 handling fee
Loan amount up to 21 times of monthly salary. Tenor up to 72 months
Other customers can enjoy fixed personalized interest rate; HK$0 handling fee
Loan amount up to 21 times of monthly salary. Tenor up to 72 months
MoneyHero compares loans that can be paid back over terms of between 12 and 84 months. The APR interest rate you will be charged will depend on your personal circumstances, and will be between APR: 2% and APR: 59%. This is a representative example of what it may cost: a Loan of HK$200,000 over 12 months at 7.02% APR and monthly interest rate at 0.31% would equate to monthly repayments of HK$17,287, and the total repayment of the loan that you pay back would be HK$207,444.
Need some help?
No worries, we've got you covered!
What is a Debt Consolidation Loan?

A debt consolidation loan is a type of personal loan which, as the name suggests, you can use for debt financing. Consolidate all of your other loans such as credit card debt or smaller personal loans into one. With a debt consolidation loan, you are essentially refinancing your old loans into one with better terms. It's one of the best options to clean out your debts and ease your repayments. There are a several ways a debt consolidation loan can help you. First, you only have to make one payment on the same date every month. This is far more convenient than making one payment on different loans. You then only have to calculate and keep track of one interest rate instead of several. The biggest benefit here is that the interest on a debt consolidation loan is usually much lower than, say, the interest rate on your credit card. You could cut down on interest payments which could help you manage your debt and have a brighter financial future.

How to compare Debt Consolidation Loan from various loan providers in Hong Kong?

On MoneyHero, you'll find debt consolidation loans offered by HK banks and lenders. You can compare the services from Citibank, Dah Sing Bank, China Construction Bank, DBS, Standard Chartered and more. Learn about their interest fees, monthly rate, repayment schedule and special offers such as cash coupons and cash rebates, all in an easy to understand format. Use the loan calculator on the MoneyHero personal loan page and specify how much you plan to borrow and how you want to make your payment. Your monthly repayment and total repayment will be computed so you can easily compare the loans from different providers. It's easy to compare the loans based on which ones offer the lowest monthly flat rate or the one that offers the lowest monthly repayment on your loan.

How to Apply for a Debt Consolidation Loan in Hong Kong?

Review your debt consolidation loan options here and click on the 'Apply Now' button on the plan of your choice. This will take you to a personal loan application form which you will have to fill out. A bank representative will get in touch with you shortly to help you complete the application process and explain their services in detail. No need to waste time walking to the bank and waiting in line to apply for a personal loan if you apply online. Hong Kong lenders vary in the requirements that they will look for when you apply for debt financing. Typically, you would have to be a permanent resident of Hong Kong aged 18 or above to qualify for a loan. Providers may also require a proof of income from you so be ready with these documents if you plan to apply for a debt consolidation loan. Help yourself get out of debt and realize your financial management goals by getting a debt consolidation loan. Apply for a loan on MoneyHero and take control of your debts today!

What are the differences between a debt consolidation loan and a general personal loan?

Many people own more than one credit card; when over-consumption is common and they only pay off the minimum payment due amount, the interest amount can cost much more than the original credit card debt. Since the interest rates of personal loans are lower than those of credit cards, applying for a personal loan is a popular way to pay off credit card debt. A debt consolidation plan transfers all your outstanding credit card and loan balances to one loan account, while you can have fixed monthly repayment and repayment period to save interest expenses and have a clear repayment goal for better financial planning.

What are the requirements for a debt consolidation loan application?

Generally, the application processes of a debt consolidation loan are simple; even though you don't have a bank account at a specific bank; if you are a Hong Kong permanent resident aged 18 or above and you could provide any income proof, you could get a debt consolidation loan. You should also check if other costs are involved in the loan, such as service charge and early repayment fee.

Who should apply for a debt consolidation loan?

Banks and financial institutions offer debt consolidation loans mainly for people who have multiple outstanding credit card debts, which allow them to pay lower rates of interest and repay credit card debts sooner.

How does debt consolidation works?

A debt consolidation loan means a bank or financial institution combines all your debts into one single loan, and you have to make one fixed monthly payment. The interest rate of a debt consolidation loan is generally much lower than that of the penalty interest rate for late repayment, which possibly cut your interest at half.

Which type of debt consolidation loan should I choose if my repayment capacity is low?

You should choose a debt consolidation loan based on your ability to repay. If your repayment capacity is low, you should choose a long-term loan to extend your repayment and reduce the burden.

What are the fees and charges for a debt consolidation loan?

There is no such thing as a free lunch; a debt consolidation loan usually charges a handling fee of every year. Furthermore, many loan plans claim to be 'interest-free', you should keep in mind that these are limited-time deals and you will be charged a higher rate of interest afterwards -- please be financially prepared to avoid penalties.

Will a debt consolidation loan affect my credit score?

your credit score reflects your financial health, including your loan portfolio and repayment record, so a debt consolidation loan may be reflected on your credit score. Paying off credit card debts fast and cancelling extra credit cards may improve your credit score.

Confused about personal loan terms?

Glossary terms to know for first-time personal loan applicants

MoneyHero.com.hk

Disclaimer: MoneyHero makes every effort to keep information on our website accurate and up-to-date. This information may be different from what you see when you visit a financial institution or service provider’s site. APR and monthly payments shown in personal instalment loan comparison pages are estimated based on calculation of information you enter. All financial products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies in information, please contact the financial institution directly.

© 2013 - 2021 MoneyHero Global Limited (registered in Hong Kong under company number 1864714) (“MHGL”). All rights reserved. MoneyHero Insurance Brokers Limited (registered in Hong Kong under company number 2196683) (“MHIBL”) is a wholly owned subsidiary of MHGL. MHIBL is an authorized insurance broker with Insurance Authority License Number FB1740 whose business it is to arrange insurance products and services for its clients. MHGL is not an insurance company, agent or broker. Other than the provision of marketing services to virtual insurance companies that do not work with insurance intermediaries, MHGL does not carry on an insurance business and all insurance-related activities displayed, offered or referred to on this site are carried out solely by MHIBL in its capacity as an insurance broker. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy.

1.55.0-f320661b63