Money Lenders Ordinance

Summary of Money Lenders Ordinance & Borrowing Guidelines

The following content is compiled based on key provisions of Hong Kong Money Lenders Ordinance and revised in accordance with the services of Southeast United Enterprise, enabling customers to fully understand loan agreements, borrower rights, interest rate caps and repayment liabilities prior to application.

Important Reminders

Licensed Legal Operation Southeast United Enterprise operates in compliance with relevant Hong Kong laws, holding Money Lender Licence No. `1549/2025`. All loan arrangements are subject to official approval results and formal loan documents.

Maximum Annual Percentage Rate Cap Pursuant to the Money Lenders Ordinance, the maximum allowable annual percentage rate for any loan shall not exceed 48% per annum. If the annual interest rate exceeds 36%, the court may regard it as excessively high and conduct further review on a case-by-case basis.

Think Carefully Before Borrowing Please fully understand the loan amount, repayment period, monthly instalments, total repayment amount and all relevant fees before borrowing, and make prudent decisions based on your personal financial capacity.

Loan Agreements Must Be Executed In Writing

Under Section 18 of the Money Lenders Ordinance, all loan agreements must be made in writing, stating the loan amount, repayment terms, form of guarantee, interest rate and other critical details. Borrowers shall read all loan papers and agreement summaries thoroughly before signing, and only confirm after verifying all information is clear and accurate.

Upon signing the loan agreement, borrowers shall be provided with a signed abstract and supporting explanatory documents for storage and future reference. Any agreement failing to comply with statutory requirements may affect its enforceability.

Rights of Borrowers and Guarantors

Borrowers have the right to review full loan terms including interest rates, repayment schedules, periodic instalments and total repayment sum.
Borrowers may request a repayment statement as required by law to check repaid sums, outstanding balance and interest due on maturity.
If a guarantor is involved, the money lender shall supply relevant loan information and copies of guarantee documents to the guarantor in accordance with the law.
Borrowers and guarantors may seek legal protection under the law if clauses are unfair, interest rates are excessive or documents fail to comply with statutory standards.

Early Repayment & Unlawful Clauses

Under Section 21 of the Money Lenders Ordinance, borrowers may fully settle loans early subject to statutory conditions; money lenders shall not arbitrarily impose higher interest rates due to early repayment.

The Ordinance also prohibits compound interest and unreasonable bans on instalment repayments within loan agreements. If an agreement contains unlawful provisions, the court may rule on the enforceability of such clauses or the whole contract depending on circumstances.

Explanation of Excessively High Interest Rates

Under Sections 24 and 25 of the Money Lenders Ordinance, any loan carrying an annual percentage rate above the statutory cap may not be enforceable, and the money lender may face prosecution. Even if the rate does not exceed the legal maximum, the court may revise agreement terms if it deems the interest rate or clauses grossly unfair.

Note: Monthly payment figures, approval timelines and product information displayed on the website are for reference only. Final approved amount, actual annual percentage rate, repayment tenure and total repayment sum vary according to the applicant’s credit record, income level and product type.

General Description of Loan Products On This Website

The standard repayment tenure for loan products offered by Southeast United Enterprise on this website ranges from 3 to 60 months; the actual term and monthly instalment shall be subject to formal approval notices and signed documents. Customers shall compare monthly payments, actual annual percentage rates and total repayment amounts comprehensively instead of judging solely by single instalment figures.

The final interest rate is determined by personal credit status, income proof and repayment capacity.
Monthly instalment, total repayment amount and effective terms will be clearly stated prior to approval.
Please raise enquiries if you have any doubts about loan documents; never sign papers without full understanding of all clauses.

Enquiry & Contact Information

Company Name: Southeast United Enterprise Limited
Money Lender Licence No.: 1549/2025
Enquiry Hotline: +852 5374 3717
Email: southeast202305@gmail.com
Address: Room 502, United Finance Building, 33 Argyle Street, 611-617 Shanghai Street, Kowloon
Online Business Hours: Monday to Friday 09:00 - 18:00; Saturday 09:00 - 13:00; Closed on Sundays and Public Holidays