Debt Consolidation Instalment Loan

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  1. 1

    Apply online

    Start your loan application journey.

  2. 2

    Upload documents

  3. 3

    Repaying your outstanding loans with Extra Cash

    Pay off card and loan debts easily and get extra cash.

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Latest offer

Loan amount up to 21 times of your monthly salary[1] and can save interest expenses with personalised interest rate

Up to HKD13,000 cash rebate[2]

Manage your outstanding debts easily by integrating all your borrowings to clear debts at ease

Better budget planning with fixed monthly repayment and up to 72 months of repayment period

Only the latest month's income proof[3] is required

The ability to apply for a top-up on your repaid principal amount

Enjoy extra cash up to 8 times of your monthly salary[1] while settling your outstanding card and loan balance

Loan rate and monthly repayment amount

Edit your loan plan

Find out how much you can save by answering simple questions below

Your loan plan Result
As of HKT
Monthly repayment amount
HKD -
Monthly flat rate
- %
Debt Consolidation Instalment Loan Credit Card Minimum Payment
Debt Consolidation Instalment Loan Credit Card Minimum Payment
Monthly repayment amount HKD - Minimum Payment
Total interest amount HKD -
(Save HKD -)
HKD -
Repayment period 72 month(s)
(Shortened by - month(s))
- month(s)
The Annualised Percentage Rate of Debt Consolidation Instalment Loan is -
Your payment will be as follows if you make no additional changes using this account:
Each month you pay (HKD) Repayment period Estimated total payment amount (HKD)
Each month you pay (HKD) Repayment period Estimated total payment amount (HKD)
Only the minimum repayment - month(s) -
- 36 month(s) -
If you pay off the balance amount in 36 months, you can save HKD - for the total payment amount.
Annual interest rate
- %
Annualised Percentage Rate (”APR“)
- %
Daily interest payable Daily interest paid
HKD -
Monthly interest paid[6]
HKD -
Interest rate Effective rate (p.a.)
- %
Monthly minimum payment amount
HKD -
Your loan plan

The above example is for reference only and calculated based on a monthly flat rate of 0.20% over a 72-month repayment period with all fees and charges waived, the Annualized Percentage Rate (“APR”) is 4.63% (APR would be 6.77% if 1% handling fee were charged). The final approved interest rate, loan amount and handling fee are subject to the circumstances of individual cases and credit assessment result.

APRs are calculated using the Net Present Value Method in accordance with the Code of Banking Practice, and is rounded up or down to the nearest 2 decimal places. The above APRs are reference rate which include the basic interest rate and other fees and charges of a product expressed as an annualised rate (if applicable).


The monthly repayment amount is rounded up to 1 decimal place and will be debited from the repayment account on the due date every month. The proportion of loan principal to interest in each monthly instalment amount is calculated according to the Rule of 78.

The total interest expense over the whole repayment period quoted above is rounded to 2 decimal places.

Actual interest expense amount that can be saved is determined on a case-by-case basis (it depends on various factors such as the outstanding balance of credit card that a customer currently holds, interest rate charged by the respective credit card, monthly repayment amount, repayment period as well as the amount of Debt Consolidation Loan approved by Hang Seng, loan repayment period, interest rate and monthly repayment amount).

The above Credit Card Minimum Payment calculation is based on Hang Seng Credit Card. For details of assumptions and calculation methodology adopted, please refer to the Credit Card Balance Repayment Calculator.

Footnote

Other point(s) to note

  1. For details of the Loan and offers, interest rates, handling fees, annualised percentage rates, and related terms and conditions, please contact Hang Seng staff. The salary scheme of our representatives (included basic salary and incentive) is based on their performance of various aspects and not only the sales target achieved.
  2. Customer is advised to pay attention on whether interest expenses would be saved by making early repayment of personal instalment loan. For enquiring the relevant fees and charges of loan account, please call our Personal Loan Service Hotline (852) 2997 3882
  3. For the frequently asked questions relating to Personal Instalment Loan (e.g. Important notes of early repayment; the basis of apportionment of principal and interest in the monthly repayment, etc), please refer to our Bank’s website (Personal Banking>Loans>Personal Instalment Loan>FAQ).
  4. The annualised percentage rate (“APR”) ranges from 2.01% to 48%, with repayment period of 6 to 72 months. The loan application is subject to the Bank’s approval.

Remark(s)

  1. The final approved loan amount is subject to the circumstances of individual cases.
  2. The cash rebate of clauses [2.1] and/or [2.2] below (if applicable) will be credited to eligible customer’s repayment account by 30 September 2022 without prior notice. To be eligible for the relevant cash rebate, customers must have no record of default and early settlement or cancellation of the Loan before the cash rebate is credited. If customers settle or cancel the Loan ahead of schedule where the cash rebate has been credited, he/she shall return the cash rebate in full to Hang Seng Bank Limited (“Hang Seng”) upon settlement or cancellation of the Loan. Each eligible customer could enjoy the offer in clauses [2.1] and/or [2.2] once only in the Promotion Period.
    [2.1] During the Promotion Period, selected customers (not applicable to customer of Hang Seng Personal Loan account(s)(including Handy Cash Personal Instalment Loan, Tax Comforter Loan, Debt Consolidation Instalment Loan and Handy Cash Personal Revolving Loan) and Unsecured Overdraft Facility at the time of application) who have successfully applied for and drawn down the Loan with loan amount HKD200,000 or above and a minimum repayment period of 24 months will be entitled to the cash rebate offer.
    The cash rebate amount is calculated based on the loan amount used for settlement of credit card and/or personal instalment loan outstanding amount owed to the third party(ies) (“Outstanding Amount Owed to the Third Party(ies)”) and/or extra cash out amount (collectively referred to as “Total Eligible Loan Amount”).
    Cash rebate offer is not applicable to the loan amount used for settlement of Hang Seng credit card and/or personal instalment loan outstanding amount (“Outstanding Amount Owed to Hang Seng”). Customer can enjoy HKD100 cash rebate for each HKD20,000 of Total Eligible Loan Amount, and so on, with total cash rebate up to HKD12,500(cash rebate will be rounded down to the nearest hundred dollar).
    [2.2] During the Promotion Period, selected customers (not applicable to customer of Hang Seng Debt Consolidation Instalment Loan account at the time of application) who have successfully applied for the Loan via Hang Seng Bank Website, Hang Seng Personal e-Banking or Hang Seng Mobile Application and drawn down the Loan with a designated draw down amount and a minimum repayment period of 12 months will be entitled to up to HKD500 cash rebate.
    Customers are entitled to a HKD100 cash rebate for an drawdown amount of HKD80,000 to less than HKD300,000, or a HKD200 cash rebate for an drawdown amount of HKD300,000 to less than HKD800,000, or a HKD500 cash rebate for an drawdown amount of HKD800,000 or above.
  3. Hang Seng reserves the right to request additional income proof from individual applicants on a case-by-case basis.

To borrow or not to borrow? Borrow only if you can repay!