Maximum amount of CreFIT Cash Loan is up to HK$500,000 with repayment periods / tenors of 6, 12, 18, 24, 30, 36, 42 or 48 months.  The interest rate expressed in Annual Percentage Rate (“APR”) ranges in general is 1.98% to 36.00%. The final loan amount and interest rate are subjected to CreFIT’s assessment on comprehensive individual details and financial status, including but not limited to monthly income, occupation and financial situation.

No documents are required*. You just fill in your employment details and current debt level to apply for a loan.
*If we cannot confirm your information, additional supporting documents may be required.

The Monthly Flat Rate is used to calculate the total interest expense of the installment loan.
Calculated as follows: Total interest = Loan Amount x Monthly Flat Rate x Number of Repayment Periods (in months).

A Credit Limit refers to the maximum amount of credit that we offer you after assessing your employment details and current debt level that you have provided.
An Available Limit is a limit based on your personal information and credit report from a credit reference agency, minus any outstanding loan amounts utilized in our company (if applicable).

The principal amount of the loan shall be repaid in instalments according to the loan agreement, and the interest payable should be calculated and paid based on the Original Interest Rate (unless a Discounted Interest Rate is specified, in which case the loan interest is calculated based on the discounted rate, but early repayment is calculated based on the Original Interest Rate). For details, please refer to the Repayment Schedule.

The credit limit can be credited your local bank account.

CreFIT Cash Loan is a revolving loan. You only need to apply once, and you can use the funds within your credit limit any time without re-apply.

Generally speaking, the earlier you make loan repayment, the more outstanding interest payments are likely to be saved. You can settle a loan early without any early settlement fee. Nevertheless, you should consider the other charges involved (for example: any promotional rewards or offer under individual promotion must be fully returned at equivalent value upon early repayment). When you have been making repayments as scheduled for some time, the amount of outstanding discounted interest is likely to be small. If you choose to pay off the loan early at this point of time, the spread interest between original interest and discounted interest may outweigh the savings on amount of upcoming discounted interest payable. Please first check with us about the total amount involved in early repayment including outstanding loan balance, the interest which is calculating by Original Interest Rate and other fees, etc. You may then compare different scenarios and consider carefully before making a decision about repaying early or not. Partial repayment is not allowed.

CreFIT is a licensed financial institution in Hong Kong and is bound by regulatory standards. During the process of data transmission and handling, we strictly adhere to Hong Kong laws and industry guidance to ensure the security and confidentiality of customer personal data.

You can change notification settings in CreFIT App:
1.Log in to CreFIT App
2.Tap on "Account"
3.Select "Setting"
4.Change your settings in "Marketing Promotion"

Before submitting the account closure request, please ensure that all balance in the account have been fully settled. After submitting your closure request, we will validate the account information to ensure the security of your account.

Please note: you should download all e-advice, loan agreements (if any) or other documents before submitting the account closure request. These documents will NOT be available on the App, after the account closure. 

• Hong Kong Permanent Resident aged 18 or above
• Hong Kong local mobile phone number
• Average monthly salary of HK$5,000

Yes. When we evaluate your CreFIT Cash Loan application, VCREDIT Finance Limited ("VCREDIT")  will make reference to your credit report from a credit reference agency for this and future review purposes. Your personal credit information will also be shared with all Credit Reference Agencies and other related institutions. Information about credit information service agencies that VCREDIT currently or may use in the future is as follows:

Credit Reference Agency currently used:
• Nova Credit Limited (customercare@nova-credit.com / 3854 0188)

Credit Reference Agency may use in the future:
• TransUnion (hkcontact@transunion.com / 2577 1816)
• PingAn OneConnect Credit Reference Services Agency (HK) Limited (car_contact@paoc.com.hk / 2771 6268)

In the operating model of multiple personal credit reference agencies, the credit reference agencies that will share your personal credit information:
• Nova Credit Limited (customercare@nova-credit.com / 3854 0188)
• TransUnion (hkcontact@transunion.com / 2577 1816)
• PingAn OneConnect Credit Reference Services Agency (HK) Limited (car_contact@paoc.com.hk / 2771 6268)

Monthly Flat Rate is a method used by finance companies to calculate the monthly repayment amount. The calculation is as follows:

Total Interest = Loan Amount x Monthly Flat Rate x Number of Repayment Period (in months)
Monthly Repayment Amount = (Loan Amount + Total Interest) / Number of Repayment Period (rounded to 2 decimal places)

APR is calculated based on the net present value method established according to the Code of Banking Practice. It shows the basic interest rate, other fees, and charges (if applicable) of products in an annualized rate.

APR is a reference rate for comparing interest rates, and it only represents the relative cost of borrowing and repayment. For example, if the loan amount is HK$200,000 with repayment period in 24 months, and the calculation is based on 365 or 366 days in a year, the APR and Monthly Flat Rate (calculated using relevant guidelines from the Hong Kong Association of Banks) are 8% and 0.343% respectively. In this case, the monthly repayment amount and the total interest paid over the loan period would be HK$9,019.33 and HK$16,464.00 respectively.

You can apply increasing your Available Limit by clicking the "Increase Available Limit" on the CreFIT Cash Loan page of the CreFIT APP and submitting your income proof for assessment.
Please note that the final Available Limit and interest rate are subjected to CreFIT’s assessment on comprehensive individual details and financial status, including but not limited to monthly income, occupation and financial situation.

There is no withdrawal fee nor annual fee for this loan product. If the loan instalment is not fully repaid on the due date, a fixed late fee of HK$300 will be charged for each overdue instalment.

After you fill in the cash out amount with tenors and upon the acceptance of loan agreement, we will immediately disburse to the designated bank account(s) via FPS. Please note that the final receiving time of the fund depends on the beneficiary bank designated by the borrower.

We only accept repayment via eDDA. The repayment amount will be debited automatically from your specific account on repayment date (include weekends or public holidays).

We have no partnership with any banks in Hong Kong. We use our own data capture technology to ensure data security. Your information will never be disclosed to third parties without your consent.

Don’t worry!  We've adopted industry-standard encryption to ensure the safety of your personal information and financial assets. We also monitor our system on a 24/7 basis to prevent any potential fraud.

You can call the customer service hotline at 6369 2338 during office hours to update your personal information.