What’s the best Line of Credit to get?

[mmbiker]

I am looking to get a loan or line of credit to purchase goods.

I do bank with BOCHK and Standard Chartered HK.

What’s my best option?

Secondly, I make my money in mainland China…. Any clue how I proof my income to get a loan?

[Guy_in_HK]

No clue. Good luck

[aw451]

Will be hard to get unsecured lending in a jurisdiction you don't live and/or earn money since there's no way to collect when you default.

[PLamHK]

If you are legally resident in China why not get it there?

[mmbiker]

Will be hard to get unsecured lending in a jurisdiction you don't live and/or earn money since there's no way to collect when you default.

Yes, this is a challenge…. I did look into getting a mortgage in HK but was basically told is hard to proof income from mainland….

[mmbiker]

If you are legally resident in China why not get it there?

I am legally allowed to live in mainland China for as long as I like but they definitely treatment differently…. 1 country 2 systems….

I am discussing with Bank of China mainland to see if there are ways…. So far, i am treated as foreigner….


Is not a huge deal, just want to flexibility of a line of credit…. I do want to buy a toy lately and make payments instead of lump sum...

[aquaman]

go to the money lenders like UA finance. they'll give money to anything that moves

[becomjapanHK]

If you have a HK bank or broker.......own stocks or fixed deposits and you can secure a lending facility against those assets....

[mmbiker]

If you have a HK bank or broker.......own stocks or fixed deposits and you can secure a lending facility against those assets....

I do own stocks in IBKR HK!! I can give that a try! Thanks