Card Debt Consolidation Loan
Intelligent calculation@ help you clear your card debt in one go, saving up to 97% on interest(a)(b) and instantly reducing payment pressure. Clear it all from a new perspective!
Click HERE to read Key Facts Statement for Personal Loan
The number of our official WhatsApp account is +852 3898 6983***
Making only minimum payment every month means you pay way more in interests.
Our Card Debt Consolidation Loan is here to help!
Intelligent calculation
Consolidate your card debts and loan balances via intelligent calculation@ and pay off the debts easily!
Flexible repayment with lower interest rate
Enjoy a lower interest rate and save interest expense up to 97%⁽ᵃ⁾ ⁽ᵇ⁾! Also, there is no handling fee, and the loan tenor can be up to 72 months! This provides you more flexibility and funds to deal with your everyday needs!
Flexible amount
Loan amounts up to HKD 1,500,000 or up to 25x monthly salary (whichever is lower)!
Flexible repayment
Loan tenor options available up to 72 months!
The interest expense saved up and monthly repayment amount shown in the above calculation are for illustrative purpose only. The actual repayment amount may vary depending on the credit scoring and our final assessment of your application.
Interest expense on existing outstanding balance is calculated assuming that (i) existing outstanding balance is a general credit card outstanding balance subject to an annual interest rate of 31%, and (ii) you are repaying the balance on a monthly repayment of 1% of the credit card outstanding balance or HKD 200 (whichever is higher), the Annualized Percentage Rate (“APR”) is 36%. And the APR of WeLab Bank Card Debt Consolidation Loan is 4.11% (rounded up to two decimal places).
The figures and formula used within this calculator may change at any time without notice. Any loan request is subject to assessment against normal lending criteria. Terms and Conditions apply.
Should you apply for the WeLab Bank Personal Loan product with us, we will make our own calculations and we will not necessarily take your calculations into account. All interest rates displayed are guides ONLY and the monthly repayment as a result of this simulation have no legal offering.
WeLab Bank accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator.
To borrow or not to borrow? Borrow only if you can repay!
Save up to 97% interest expense and shorten the repayment period by 91%
HKD 200,000 outstanding balance of credit card ⁽ᵃ⁾ | Transferred to WeLab Bank Card Debt Consolidation Loan ⁽ᵇ⁾ | |
|---|---|---|
| Repayment period (month) | 407 | 33 (Repayment period reduced by 91%) |
| Average monthly repayment | HKD 7,095 | HKD 6,413 (Monthly repayment reduced by 9%) |
| Credit card interest expense | HKD 506,675 | HKD 11,636 (Interest saved by 97%) |
Enjoy up to HKD 23,888 cash rebate
Now you can enjoy up to HKD 23,888 rebate# after successful loan drawdown – it means cash directly transferred to your account!
Limited-Time Offer: HKD 800** for every successful loan referral!
During Campaign Period, you can get HKD 800** for each successful referral for a friend to apply for WeLab Bank Personal Loan with successful drawdown. The more successful referrals you make, the more you earn!
Clear card debts and loan balances immediately with HKD 0 handling fee!
Have your current financial status analyzed and let us help you pay off your card debts and loans in one go!
Step 1
Click the "Loan 💰" icon in WeLab Bank app and select “Card Debt Consolidation Plan” to apply for your WeLab Bank Card Debt Consolidation Loan!
Apply Now
Lower rate, shorter wait!
Learn More
Want to know more? We’ve got answers!
Click HERE to visit WeLab Bank Personal Loan FAQ page.
I received WhatsApp message alleging to from WeLab Bank. How to verify the identity of the account?
The number of our official WhatsApp account is +852 3898 6983. All WhatsApp official accounts will have a blue tick next to the account name. You will also see this verification badge on the account profile in WhatsApp.
This WhatsApp account is only for following up loan applications, if you have any other enquiries, please call +852 3898 6988 Customer Service Hotline.
We will not request you to provide your personal information or upload document through WhatsApp. Please don't send us images, attachments, audio files or videos.
Temporarily, this WhatsApp account is used for WeLab Bank Personal Loan and for dissemination of messages to customers by us only. The conversation through WhatsApp can only be supported if it’s initiated by us only and you may respond to us by then. We cannot support and reply to your message if the conversation is initiated by you.
What is WeLab Bank's "Card Debt Consolidation Loan"?
WeLab Bank's "Card Debt Consolidation Loan" is a loan product that can help you consolidate the balances of multiple credit cards and convert them into a low-interest, fixed-term loan, making it easier for you to manage your debts effectively.
How can I apply for WeLab Bank's "Card Debt Consolidation Loan"?
Applying for WeLab Bank's "Card Debt Consolidation Loan" is simple. You just need to fill out an application form via WeLab Bank app and provide the required documents.
How is the loan amount of WeLab Bank's "Card Debt Consolidation Loan" calculated?
WeLab Bank will calculate your loan amount based on your personal circumstances, credit rating, and balance.
What are the repayment tenor options for WeLab Bank's "Card Debt Consolidation Loan"?
The loan tenor options of WeLab Bank's "Card Debt Consolidation Loan" available in every 3 months, starting from 6 to 72 months
What are the requirements for applying for WeLab Bank's "Card Debt Consolidation Loan"?
The requirements for applying for WeLab Bank's "Card Debt Consolidation Loan" include being a Hong Kong resident, over 18 years old, having a stable income, and a good credit history.
What information is required to apply for WeLab Bank's "Card Debt Consolidation Loan"?
The information required to apply for WeLab Bank's "Card Debt Consolidation Loan" includes identification documents, debt proof documents, income proof documents, etc.
What are some benefits of applying WeLab Bank's "Card Debt Consolidation Loan"?
Apart from the low-interest loan itself, there is no application fees. When taking out a loan, it's important to choose one that suits your needs and ability to repay.
Is there more information available if I want to apply for WeLab Bank's "Card Debt Consolidation Loan"?
Before applying for WeLab Bank's "Card Debt Consolidation Loan", please read all the loan terms and conditions carefully, and make sure you can afford the loan repayment.
Remarks:
To borrow or not to borrow? Borrow only if you can repay!
#From now on until 31 March 2026, successful WeLab Bank Card Debt Consolidation Loan applicants with an approved loan of minimum of HKD 150,001 amount and tenor of 24 months can enjoy up to HKD 23,888 cash rebate if the loan is drawn down within 7 days after approval; The cash rebate amount will be credited into the HKD Core Account on or before 31 July 2026. Please refer to terms and conditions for more details.
@The above example is for reference only. The final approved loan amount, interest rate and loan tenor are subject to the credit approval.
1WeLab Bank Customer Services team will provide dedicated follow-up on your loan application during office hours. WeLab Bank may send messages to customers via WhatsApp and the official WeLab Bank WhatsApp account number is +852 3898 6983. This phone number is used for WeLab Bank Personal Loan and for dissemination of messages to customers by us via WhatsApp only. The conversation through WhatsApp can only be supported if it is initiated by the Bank only and customers may respond by then. The Bank cannot support and reply to customers’ message if the conversation is initiated by customers. We will not ask customers for personal information or uploading any document through WhatsApp.
**During the Campaign Period, Eligible Customer can enjoy HKD800 Referral Reward (“Referral Reward”) if you have successfully referred your Referee to apply for WeLab Bank Personal Instalment Loan and drawdown the loan within 7 days after approval. Each Eligible Customer can enjoy a maximum of HKD8,000 cash reward (i.e. 10 successful referrals at maximum) over the Campaign Period under this Campaign. Please refer to terms and conditions for more details.
***Note:
- The annualized percentage rate (“APR”) ranges from 0.78% to 36.00% and loan amount ranges from HKD 10,000 to HKD 1,500,000 with repayment period of 6 to 60 months. Assume the loan amount as HKD 600,000 with tenor of 39 months, the APR will be 0.78% (including a cash rebate of HKD 9,000) or 1.68% (without any cash rebate) and total repayment amount will be HKD 616,818.60. The APR is calculated according to the guidelines issued in respect of the Code of Banking Practice and rounded to the nearest 2 decimal places and may vary for individual customers. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate.
- All WhatsApp official accounts will have a blue tick next to the account name. You will also see this verification badge on the account profile in WhatsApp.
- This phone number is used for WeLab Bank Personal Loan and for dissemination of messages to customers by us via WhatsApp only.
- The conversation through WhatsApp can only be supported if it’s initiated by the Bank only and you may respond to us by then. We cannot support and reply to your message if the conversation is initiated by you.
- We will not ask for your personal information or upload any document through WhatsApp. Please don't send us images, attachments, audio files or videos.
Want to know more about our offer terms?
Read terms and conditions of WeLab Bank Personal Loan / Key Facts Statement (KFS) for WeLab Bank Personal Loan / Promotion T&C for WeLab Bank Personal Loan