Personal Instalment Loan


The Personal Instalment Loan features an annualised percentage rate as low as 4.24%1, allowing you to tackle your financial needs with ease.

Key Features

  • Handling fee waived for the entire loan period
  • Loan amount as high as 12 times of your monthly salary or HKD1,200,000 (whichever is lower)
  • Greater flexibility in repayment, with tenor options of 6, 12, 18, 24, 36 or 48 months


 Loan Amount(HKD)   Loan Tenor
6 months 12 months 18 months 24 months 36 months 48 months

APR 9.01% 9.26% 9.86% 10.60% 10.78% 11.24%
Monthly Flat Rate 0.4232% 0.4066% 0.4244% 0.4529% 0.4619% 0.4862%
Monthly Instalment Amount (HKD) $1,708.99 $873.99 $598.00 $461.96 $323.97 $256.95

APR 7.69% 8.30% 8.88% 9.48% 9.81% 10.08%
Monthly Flat Rate 0.3630% 0.3653% 0.3829% 0.4058% 0.4204% 0.4356%
Monthly Instalment Amount (HKD) $1,702.97 $869.86 $593.85 $457.25 $319.82 $251.89

APR 6.69% 6.99% 7.29% 7.58% 7.89% 8.19%
Monthly Flat Rate 0.3171% 0.3090% 0.3155% 0.3255% 0.3381% 0.3530%
Monthly Instalment Amount (HKD) $1,698.38 $864.23 $587.11 $449.22 $311.59 $243.63

APR 4.24% 4.39% 4.54% 4.68% 4.98% 5.28%
Monthly Flat Rate 0.2029% 0.1956% 0.1978% 0.2019% 0.2136% 0.2268%
Monthly Instalment Amount (HKD) $1,686.96 $852.89 $575.34 $436.86 $299.14 $231.01


  1. Customers who drawdown a Personal Instalment Loan (the "Loan") at Shanghai Commercial Bank Limited (the "Bank") with a loan amount of HKD1,000,000 or above can enjoy a monthly flat rate of 0.2029% and the annualised percentage rate is 4.24% for a loan repayment period of 6 months, including the full handling fee waiver for the entire loan period.
  • An annualized percentage rate (APR) is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate.
  • The APR is calculated based on the guidelines as set out in the Code of Banking Practice, including the full handling fee waiver for the entire loan period, and is rounded to the nearest two decimal places.
  • The apportionment of each monthly repayment amount between principal and interest is based on Rule of 78. Customers may refer to the Frequently Asked Questions of Personal Instalment Loan in the section below or the "Consumer Education Programme – Personal Loans" in the Hong Kong Monetary Authority's website for the Rule of 78 in details.
  • The above monthly instalment amounts for every HKD10,000 loan amount are rounded to the nearest two decimal places and for reference only.
  • The Bank will consider loan applications on a case-by-case basis in accordance with the customer's credit records and other relevant factors. The final interest rate, instalment loan amount and loan tenor offered will be subject to the instalment loan confirmation letter. The Loan will also be subject to the applicable terms and conditions.
  • The Bank reserves the right to terminate or amend promotional offers and terms and conditions without prior notice. In case of any disputes, the decision of the Bank shall be final.

Early Repayment

  • Early repayment of the Loan is permissible subject to repayment of the outstanding principal amount of the Loan, the interest that would otherwise have been payable on the next monthly repayment date and a sum equal to 2.5% of the outstanding principal amount of the Loan with a minimum of HKD500 on the date of actual repayment.
  • Customers should consider whether the interest saved from early repayment might be unable to cover the early repayment fee/interest involved before deciding whether to pay off the loan early or not.
  • Customers can check with the Bank about total amount involved in early repayment (including outstanding loan balance, early repayment charge, next month payable interest) and the amount of outstanding interest before making a decision of repaying early or not. Please refer to Frequently Asked Questions.

Required Documents

Submit the Personal Instalment Loan Application Form together with copies of the required documents listed below:

  • Hong Kong Identity Card
  • Residential address proof dated within the latest 3 months (e.g. electricity bill or bank statement)
  • Income proof (waived for customers using the Bank's payroll service for 3 months or longer):
    • Latest 3 months' bank statement or savings passbook showing salary records (including the first page of the passbook with the name of the account holder and the account number); and
    • Latest 1 month's salary slip
  • Business registration certificate and income proof (for the self-employed)
  • Latest mortgage loan repayment slips or annual statement (for mortgaged property owners)


  1. The applicant must be a Hong Kong permanent resident, aged 18 or above, with employment in Hong Kong.
  2. The applicant's annual income must be HKD120,000 or above.
  3. The applicant's period of service in their current job must be 6 months or more.
  4. The minimum loan amount is HKD50,000.
  5. The application form and all documents submitted will not be returned, regardless of whether the application is approved or not.
  6. The Bank reserves the right of final approval of the application.

Shanghai Commercial Bank Limited is not responsible for any liabilities arising from the interception of any information in the application documents supplied during transmission.

Key Facts Statement

For details, please click here

Terms and Conditions

For details, please click here

Frequently Asked Questions

For details, please click here  

Reminders about Responsible Borrowing
  • You should have a clear understanding of your financial condition, daily expenses, and actual borrowing needs.
  • You should have assessed your repayment ability and avoid over-borrowing.
  • You should repay any outstanding balance on time to avoid late payment charges and additional overdue interest charged by the bank.
  • To borrow or not to borrow? Borrow only if you can repay!
In case you wish to enquire whether a third party is appointed by our Bank for referring credit card or loan application, please contact customer service hot line 2818 0282.
Previous pageBack to top