Compare Debt Consolidation Loans in Hong Kong 2024

Looking for ways to get out of debts? Compare Debt Consolidation Loans now to clear your debts with a lower APR and loan rate. Read More
200,000 personal loan Paid over 24 months
HK$
We found 17 Personal Loans for you!
PrimeCredit Balance Transfer Loan

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
The Lowest APR
1.18%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433
【PrimeCredit Offer】 Up to HK$18,000 Cash Bonus!
Valid until 31 Dec 2024 - See more details below
Apply Now
WeLend Card Debt Consolidation Loan

Monthly Payment

HK$8,573

Monthly Payment
The lowest APR
1.88%
Total Amount Payable
HK$205,760
Total Interest Payable
HK$5,760
Monthly Payment
HK$8,573
Read More
DBS Debt Consolidation Loan

Monthly Payment

HK$8,713

Monthly Payment
MoneySmart Exclusive
Loan amount up to HK$2,000,000
APR*
6.49%
Total Amount Payable
HK$200,000
Total Interest Payable
HK$9,120
Monthly Payment
HK$8,713

【💰Take a step to building your wealth by consolidating your debts today! 】
New customers who successfully apply and drawdown DBS Debt Consolidation Loan via MoneySmart can get up to HK$23,800 rewards + Extra up to 82,000 SmartPoints! Get up to a total HK$32,000 reward!
⠀⠀
82,000 SmartPoints can fully redeem HK$8,200 cash vouchers (over 20+ brand vouchers including Apple / PARKnSHOP supermarket voucher, etc) or SAMSUNG Galaxy Z Flip 6 5G (8GB RAM + 256GB) (Value: HK$8,698) or 11-inch iPad Pro Wi-Fi 256GB (Value: HK$7,999) or SAMSUNG The Freestyle Projector 2nd Gen (Value: HK$6,980) or cash out HK$5,466 via FPS. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints!

Valid until 31 Dec 2024 - See more details below
Apply Now
Standard Chartered Debt Consolidation Program  (Applicable to Tax Season)

Monthly Payment

HK$8,736

Monthly Payment
MoneySmart Exclusive
APR*
4.67%
Total Amount Payable
HK$209,672
Total Interest Payable
HK$9,672
Monthly Payment
HK$8,736

【MoneySmart Exclusive Offer 】Get total rewards up to HK$29,698!
From now on until 2 January 2025, customers successfully apply for loan via MoneySmart and draw down the designated loan amount could enjoy up to Samsung Galaxy Z Flip6  (value: $8,698) or iPad Air 13-inch 256GB (Value: HK$7,099)Mac mini (M4, 256GB SSD, 16GB RAM) (Value: HK$4,599) or up to HK$7,800 Apple Store Gift Card/ PARKnSHOP Supermarket Voucher/ HKTVmall e-Voucher!

Valid until 02 Jan 2025 - See more details below
Apply Now
CNCBI $mart Plus Personal Instalment Loan - Debt Consolidation

Monthly Payment

HK$8,900

Monthly Payment
MoneySmart Exclusive
APR*
6.72%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,900

【Limited-time Offer -HK$200 Straight to your FPS account!】
Apply for CNCBI $mart Plus Tax Season Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart and submit all the required documents, you can earn HK$200 cash rebate regardless of approval (automatically converted by 2,000 SmartPoints and will directly deposit into your FPS account)!⠀⠀
⠀⠀
【CITIC Bank x MoneySmart Exclusive Offer 】- Get total reward up to HK$6,488!
Customers successfully apply for CNCBI $mart Plus Tax Season Loan / CNCBI $mart Plus Personal Instalment Loan - Debt Consolidate via MoneySmart and draw down the designated loan amount could enjoy up to HK$4,000 Apple Store Gift Card or PARKnSHOP Supermarket Voucher ! New gift options include but not limited to De'Longhi Magnifica S Series Fully Automatic Coffee Machine / Apple HomePod /  B&W Px7 S2e Headphone / Apple AirPods 4 with Active Noise Cancellation!

Valid until 31 Dec 2024 - See more details below
Apply Now
WeLab Bank Card Debt Consolidation Loan

Monthly Payment

HK$8,693

Monthly Payment
Upgraded Offers!
APR*
4.11%
Total Amount Payable
HK$208,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$8,693
Read More
Citi Card Debt Consolidation Loans

Monthly Payment

HK$9,173

Monthly Payment
MoneySmart Exclusive
APR*
9.57%
Total Amount Payable
HK$220,160
Total Interest Payable
HK$20,160
Monthly Payment
HK$9,173

【💵Tax Season Extra Treats!】Apply to get up to HK$18,699 Rewards! 
New customers who successfully apply for the Citi Tax Season Loan / Citi Card Debt Consolidation Loan on or before 3 January 2025 and successfully draw down on or before 31 January 2025 would be eligible for MoneySmart exclusive gift up to an 🍎 iPhone 16 Plus 512GB (valued: HK$10,199) /  HK$10,000 Apple Store Gift Card / PARKnSHOP supermarket vouchers! The welcome offer from the bank is as high as an $8,000 cash voucher!

Valid until 03 Jan 2025 - See more details below
Apply Now
HSBC Personal Instalment Loan Balance Consolidation

Monthly Payment

HK$10,173

Monthly Payment
Bank Promo
APR
21.88%
Total Amount Payable
HK$244,160
Total Interest Payable
HK$44,160
Monthly Payment
HK$10,173
Bank Promo:
Customers who apply for a specified loan amount through MoneySmart and successfully apply during the promotion period are subject to this promotion and the relevant terms and conditions, receiving up to HK$28,888 cash rebate! (Fulfilled by HSBC)
Valid until 04 Feb 2025 - See more details below
Apply Now
CCBA Balance Transfer Loan Program

Monthly Payment

HK$8,773

Monthly Payment
MoneySmart Exclusive
Monthly flat rate as low as 0.22%
APR as low as*
4.95%
Total Amount Payable
HK$210,560
Total Interest Payable
HK$10,560
Monthly Payment
HK$8,773

【Exclusive offer】From now until 31 December, 2024, successful applicants for CCB (ASIA) Balance Transfer Program, can enjoy up to HK$17,500 cash rewards (including up to HK$14,500 cash rate for Drawdown Loan Offer from CCB (ASIA), and up to HK$3,000 Apple Store Gift Card or HK$3,000 PARKnSHOP Supermarket Voucher from MoneySmart!

Valid until 31 Dec 2024 - See more details below
Apply Now
Fubon Balance Transfer Personal Loan

Monthly Payment

HK$9,275

Monthly Payment
MoneySmart Exclusive
Fixed rate for privileged customers
APR as low as*
3.88%
Total Amount Payable
HK$222,593.60
Total Interest Payable
HK$22,593.60
Monthly Payment
HK$9,275

【MoneySmart Exclusive Offer - Total rewards up to $25,988!】
From now until 31 December 2024, customers apply Fubon Balance Transfer Personal Loan and successfully draw down the loan, can enjoy a MoneySmart exclusive reward as high as SAMSUNG Galaxy Tab S9 (12GB RAM + 256GB) - 11" (retail value: HK$7,188)  / HK$6,000 Apple Store Gift Card / PARKnSHOP vouchers. Total reward up to HK$25,988!

Valid until 31 Dec 2024 - See more details below
Apply Now
Promise Debt Consolidation Loan

Monthly Payment

HK$8,433

Monthly Payment
MoneySmart Exclusive
Instant Approval Online◉
APR*
1.12%
Total Amount Payable
HK$202,400
Total Interest Payable
HK$2,400
Monthly Payment
HK$8,433

【MoneySmart Exclusive】Drawdown of HK$10,000 or above, - get HK$1,100 + up to HK$15,000 CASH!
⠀⠀
From 1 Dec 2024 to 31 Dec 2024, successfully apply for Promise Easy Loan/Promise No-doc Loan/Promise Debt Consolidation Loan/Promise Personal Loan (Available for Tax Season) via MoneySmart, you can enjoy:
⠀⠀
1️⃣  Eligible New Customers who have completed a drawdown of HK$10,000 of above, are entitled to enjoy HK$1,100 cash rebate (automatically converted by 11,000 SmartPoints and will directly deposit into your FPS account)
⠀⠀
2️⃣  Eligible New Customers who have successfully drawn down the required loan
amount, are entitled to rewards up to HK$15,000 ▲ No Supporting Documents
Required#. Online Instant Approval⦿.
⠀⠀
Earn rewards worth up to HK$16,100 in total!

Valid until 31 Dec 2024 - See more details below
Apply Now
AEON Debt Consolidation Loan

Monthly Payment

HK$8,733

Monthly Payment
APR*
4.63%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
Read More
CreFIT ClearCard Credit

Monthly Payment

HK$8,533

Monthly Payment
MoneySmart Exclusive
Settle your credit card balance as fast as 3 mins
APR*
1.98%
Total Amount Payable
HK$204,800
Total Interest Payable
HK$4,800
Monthly Payment
HK$8,533
Reminder: CreFIT ClearCard Credit currently supports 17 Hong Kong credit card issuers. Upon the acceptance of the loan agreement, the fund will immediately be disbursed to the designated credit card account(s) via FPS! 🆕 The Cashout Feature is now available - Cash or Bill Settlement, Your Call!
Valid until 31 Dec 2024 - See more details below
Apply Now
BOC Express Cash Instalment Loan Balance Transfer

Monthly Payment

HK$9,173

Monthly Payment
Up to HK$23,988 Cash Rebate
APR*
10.01%
Total Amount Payable
HK$216,152
Total Interest Payable
HK$16,152
Monthly Payment
HK$9,173
Read More
X-Debt Consolidation Loan

Monthly Payment

HK$9,673

Monthly Payment
APR*
8.0%
Total Amount Payable
HK$232,160
Total Interest Payable
HK$32,160
Monthly Payment
HK$9,673
Read More
Dah Sing Credit Mastermind Instalment Loan

Monthly Payment

HK$8,742

Monthly Payment
Monthly flat rate as low as 0.11%
APR
4.83%
Total Amount Payable
HK$205,280
Total Interest Payable
HK$5,396.16
Monthly Payment
HK$8,742
Read More
Hang Seng Debt Consolidation Instalment Loan

Monthly Payment

HK$8,733

Monthly Payment
APR*
6.68%
Total Amount Payable
HK$209,600
Total Interest Payable
HK$9,600
Monthly Payment
HK$8,733
Read More

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best Debt Consolidation Loans in HK

DEBT CONSOLIDATION LOAN PLANSAPRFeatures
Citibank Card Debt Consolidation Loans3.13%Repayment term up to 72 months
PrimeCredit Balance Transfer Loan2.38%Repayment terms up to 60 months
CNCBI $mart Plus Personal Installment Loan – Debt Consolidation7.19%HK$2,000,000 or 21 times of your monthly salary
WeLend Card Debt Consolidation Loan2.79%Interest savings plan save up to 90% interest-savings
DBS Debt Consolidation Loan4.27%Up to HK$4,500 reward for applying
Promise Debt Consolidation Loan4.49%Instant transfer once loan is approved
CCBA Balance Transfer Loan Program4.80%up to HKD1,200,000 or 21 times of your monthly salary

How to Pick the Best Debt Consolidation Loan?

What is a debt consolidation loan?

Debt consolidation (also known as balance transfer) is a way to transfer higher-interest debt to a lower-interest debt repayment by gathering all your outstanding, unsecured debt from credit cards and personal loans into one monthly payment. You will save on interest, enjoy a reduced repayment amount and a shortened repayment period. Banks or money lenders will pay your former creditors directly via bank transfers or promissory notes.

Why Do We Need Debt Consolidation Loans?

Avoid snowballing your debts

Try to pay attention to your lowest interest rate cards to consider transferring a higher-interest bill to that one by having APR at 12% instead of the one at 30%. Otherwise, get a debt consolidation to pay off all outstanding, unsecured debts then pay back the loan in fix-rate instalments over a set of terms. By clearing all debts on time, you can also improve your credit score.

Simpler and more flexible loan application

As long as you’re 18+ and earning HK$5,000+/month, you’re welcomed to apply for debt consolidation loans. Simply bring your identity card, residential address proof, bank statement, and salary slip and you’re good to go!

Tips for Getting Debt Consolidation Loans

Tip #1

Compare Annual Percentage Rate (APR)

The calculation of APR includes all the interests, admin fees and handling fees of a loan. That’s why APR is the best way to compare the actual expenses of personal loans.

Tip #2

Compare debt consolidation rebates

Debt consolidation loans typically come with lower interest rates than balance transfer credit cards. Also, different banks offer rebates that would lower your costs of monthly loan repayments.

Frequently Asked Questions

What exclusive offers can I enjoy if I apply for debt consolidation loans via MoneySmart?

You can enjoy various exclusive offers by applying for debt consolidation loans through MoneySmart: New customers who apply and draw drawdown Citi Card Debt Consolidation Loan through us can enjoy up to $12,000 cash vouchers; apply and drawdown SCB Debt Consolidation Program can enjoy up to $14,000 cash rebate! Check out more offers on MoneySmart NOW!

Am I qualified for debt consolidation loan applications?

If you’re 18+ and earning HK$5,000+/month, you’re welcomed to apply for debt consolidation loans. Simply bring your identity card, residential address proof, bank statement, and salary slip, and you’re good to go.

How much can I borrow from a debt consolidation loan?

It depends on your salary and the loan cap of banks or money lenders. The loan amount can be 18x to 21x of your salary.

How long can my loan repayment period be?

Normally, it’s 72 months. Banks and money lenders will set a fixed monthly repayment amount. The longer the repayment period, the lower the repayment amount, and the higher the interest rate.

How much interest expenses can a debt consolidation loan save for me?

Debt consolidation loans APR can be as low as 4% in Hong Kong, which is far lower than credit card 30% interest rate. Some loan plans can save up to 80% interest expenses for you, but it depends on your approved APR and credit score.

What do I need to prepare for my debt consolidation loan application?

You’ll need these are the documents for your debt consolidation loan:
  • Photocopy of your HKID card (both sides);
  • Residential address proof (e.g. electricity bill, demand notes for rates);
  • Salary proof of the latest month (e.g. salary proof, bank statement).
If you’re self-employed, you may need to submit a full set of the latest Profits Tax Demand Note.

Where can I get a debt consolidation loan?

You can apply to banks and money lenders in-person or online for debt consolidation loans.