No income Proof Loan

No income proof personal loans generally range from $10,000 to $50,000. While income documentation is not required, lenders may still verify your employment status. Prepare the following documents when applying for this loan: 

1. Self-employed individuals: Company tax returns, company bank statements, business registration documents, MPF records, and bank statements or reports showing transactions related to business activities for the past 6 months (both personal and company). 

2. Professional drivers: Driver's license kind of taxi license. 

3. Construction workers: Construction worker registration card and safety card. 

4. Renovation contractors: Worker registration card, safety certificate, and any relevant work-related proof. 

5. Online shop owners: Records of buying and selling for the past 3 months, as well as bank account statements or monthly sales reports. 

6. Classroom tutors or instructors in hobbies/skills (e.g., swimming coach, music tutor, yoga instructor): Occupational certificates. 

7. Other professions such as salespersons, freelancers, or Slashie: Work-related proof or records, salary deposit records, and bank account statements or monthly sales reports for the past three months.

1. Interest Rates: The interest rates for these loans are slightly higher than regular personal loans due to the more lenient document requirements. 

2. Approval Process: We often allow document submission via WhatsApp, providing pre-approval results beforehand. Borrowers can then visit a branch to sign the agreement and receive funds through a cheque or FPS (Faster Payment System). 

3. Quick Approval Turnaround Time: The approval process typically takes only 15 minutes to half an hour upon receiving the required document. 

4. Loan Amount: Due to the absence of certain supporting documents, the approved loan amounts vary and generally range from HK$10,000 to $50,000.

1. Even though work pay stubs are not required for the application, it is necessary to submit identification documents and proof of address.
2. Need loan approval but rely on cash? Show income stability with bank deposits, MPF records, or tax docs. Simple steps for financial security and access to opportunities!
3. Electronic financial management has become commonplace, and using electronic monthly statements as proof of salary deposits is both convenient and efficient for customers. 
4. When applying for any loan, it is essential to compare the actual annual interest rate (APR). The interest rate depends on various factors, including the applicant's credit score and past repayment history.

Our effective annual interest rates generally fall between 4.82% and 36%. These rates comply with Section 24.1 of the Money Lenders Ordinance, which mandates that loan interest rates must not exceed an actual interest rate of 48% per annum for the loan amount or offer.

The following loan calculation is provided for reference:
Loan amount: HK$100,000
Repayment term: 12 months
Effective annual interest rate: 4.82%
Total repayment amount: HK$101,628

Presenting Youtube Channel "Loans & Borrowing" series by Dr. Vicotor Wong, each episode lasting 3-4 minutes, aiming to educate the public about different Loans & borrows. These videos teach viewers to understand the pros and cons of loans, decipher loan advertising language, and gain knowledge about borrowing and lending, all while fulfilling our social responsibility.

For valuable insights on No income Proof Loan, watch the " Loans & Borrowing" videos below
免入息證明貸款須知(內部批核準則)

To apply for a No Income Proof Loan, please visit our website, visit a branch in person, call our customer service manager at 288 77 200, or inquire through WhatsApp at 6186 3803.