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Airstar Bank Debt Consolidation Loan
MoneyHero Exclusive Offer
Featured Product
$ 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%
TODO
Citi Debt Consolidation loan
MoneyHero Exclusive Offer
Featured Product
$ 426,880
Total Repayment (as low as)
$ 8,893
Monthly Repayment (as low as)
3.13 %
APR (as low as)
Monthly Flat Rate: 0.14%
CNCBI $mart Plus Personal Installment Loan – Debt Consolidation
MoneyHero Exclusive Offer
Featured Product
$ 442,240
Total Repayment (as low as)
$ 9,213
Monthly Repayment (as low as)
7.19 %
APR (as low as)
Monthly Flat Rate: 0.22%
TODO
PrimeCredit Balance Transfer
Latest Offer
$ 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%
TODO
Standard Chartered Debt Consolidation Program
MoneyHero Exclusive Offer
$ 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%
TODO
DBS Debt Consolidation Loan
MoneyHero Exclusive Offer
$ 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%
TODO
AEON Debt Consolidation Loan
Latest Offer
$ 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%
TODO
Dah Sing Bank Credit Mastermind Instalment Loan
MoneyHero Exclusive Offer
$ 439,649
Total Repayment (as low as)
$ 9,159
Monthly Repayment (as low as)
4.73 %
APR (as low as)
Monthly Flat Rate: 0.11%
HSBC Personal Instalment Loan
$ 444,160
Total Repayment (as low as)
$ 9,253
Monthly Repayment (as low as)
5.37 %
APR (as low as)
Monthly Flat Rate: 0.23%
TODO
Fubon Balance Transfer Personal Loan
MoneyHero Exclusive Offer
$ 448,902
Total Repayment (as low as)
$ 9,352
Monthly Repayment (as low as)
5.93 %
APR (as low as)
Monthly Flat Rate: 0.25%
TODO
UA Debts Consolidation Loan
Latest Offer
$ 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%
Hang Seng Debt Consolidation Instalment Loan
Latest Offer
$ 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%
TODO
BOC Express Cash Instalment Loan Balance Transfer
$ 508,941
Total Repayment (as low as)
$ 10,603
Monthly Repayment (as low as)
15.58 %
APR (as low as)
Monthly Flat Rate: 0.57%
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.
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Need some help?
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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.

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.

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!

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.

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.

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.

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.

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.

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.

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