Please check if you meet the bank's eligibility criteria. It varies by banks, but in general you should be a Hong Kong permanent resident aged 18 or above with a minimum monthly income of around HKD$5,000.00
Make sure all your application documentation is in order. A typical personal loan application in Hong Kong would require the following documents:
- Proof of Identity: (HKID) card should suffice.
- Proof of Address: (e.g. latest utilities bill, bank statements, tenancy agreement).
- Proof of Income: (e.g. latest salary slips and mandatory provident fund statements.) Freelancers and self-employed individuals might want to produce their personal or company bank passbooks showing regular income over the last three to six months. The latest Tax Demand Notes are strong support documents for both employees and self-employed individuals.
Note that banks have access to your credit history report from credit reference agencies such as TransUnion as part of their evaluation process. Therefore, maintaining a good credit history and demonstrating an ability to repay the loan would be an important factor in ensuring successful application.