Personal Instalment Loan
Apply in just 3 steps, get the loan plan tailored for you, and receive instant approval1!
Click HERE to read Key Facts Statement for Personal Loan
The number of our official WhatsApp account is +852 3898 6983#
Borrow smartly with our Personal Instalment Loan
Enjoy the ultimate flexibility and convenience for your loan.
Shorter application time
Shorten your loan application time and get your loan much quicker, without having to submit any income proof¹!
Simple process
From start to finish, simply complete the whole process in WeLab Bank app! And we have amazing features and benefits not many loan Hong Kong has to offer.
Flexible amount
Loan amount up to HKD 1,500,000 or up to 18x monthly salary (whichever is lower) - it's a flexible loan Hong Kong needs.
Flexible repayment
Loan tenor options available every 3 months, starting from 6 to 60 months - it's a flexible loan Hong Kong needs.
* The 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.
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!
Enjoy up to HKD 18,888 cash rebate^
Enjoy the offer whether you are a new joiner or our existing customer! You can enjoy up to HKD 18,888 cash rebate^!
Personalized repayment plan
Our Card Debt Consolidation Loan will tailor a personalized repayment plan according to your financial status. It helps you to centralize your card debts and loan balances and pay off the debts in one go with low interest rate!
New Release🔍Intelligent Financial Health Analysis⁴ & Personalized Financial Advice⁶
It’s more than just a loan! Our Intelligent Financial Health Analysis⁴ provides【Free + Unlimited⁵】access to your credit rating and relevant reports, offering a comprehensive understanding of your financial situation. With Personalized Financial Advice⁶ exclusive for loan customer, you'll be fully prepared for your next financial decision!💫
Limited-Time Offer: HKD 800 for every successful loan referral**
During Campaign Period, you can get HKD 800** for each successful referral when a friend applies for WeLab Bank Personal Loan with successful drawdown. The more successful referrals you make, the more you earn!
Complete your application in as fast as 3 steps
Complete your application in as fast as 3 steps!
Get your loan in 1 day at the earliest³! 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 the minimum and maximum amount I can borrow?
WeLab Bank Debt Consolidation Loan's loan amounts range from HKD 10,000 up to HKD 1,500,000 or 25 times your monthly salary (whichever is lower).
I thought the name was GoFlexi or WeLab Bank Debt Consolidation Loan?
Effective from 29 May 2022, GoFlexi Personal Instalment Loan and GoFlexi Personal Instalment Loan (Debt Consolidation) have been renamed as WeLab Bank Personal Instalment Loan and WeLab Bank Debt Consolidation Loan respectively (Collectively named as “WeLab Bank Personal Loan”). And WeLab Bank Debt Consolidation Loan has been renamed as WeLab Bank Card Debt Consolidation Loan effective from 20 Aug 2023 (Collectively also named as “WeLab Bank Personal Loan”). The following changes on product names, terms and conditions, related descriptions on the Bank’s mobile application and official website, has been updated accordingly. Both names before and after the changes will be used in comm.
I just signed my approval letter. When will I get my Personal Loan in Core Account?
Once you have signed your approval letter, the money will be disbursed to your credit card(s) / loan account(s) / Core Account (if applicable). Please contact us via our Customer Service hotline at (852) 3898 6988 if you do not receive your loan within the same day.
Also, if part/all of the approved amount disbursed via cheque by registered letter, it will be subjected to our administrative process and mailing schedule of Hongkong Post. Please watch out for the delivery from Hongkong Post.
I just submitted all my documents. When will I get my Personal Loan approval?
Please wait 1 to 2 days while we process your loan application.
What are the common charges associated with borrowing money?
The cost of a loan is calculated by means of annualised percentage rate (APR), which takes into account the interest rate plus any extra fees to be paid.
Common extra fees of WeLab Bank Personal Loan includes:Early repayment charges: If you repay an instalment loan or a loan with a fixed repayment period earlier than the loan term, you may need to pay an extra fee.Late charges: If you fall behind on your repayments, you will be charged at the rate of 30% of the overdue monthly repayment amount or HKD 500, whichever is lower.
Note: late charge may be waived in exceptional circumstances.
How should I choose the loan tenor?
Your loan tenor will directly affect your monthly repayment amount. When choosing a loan tenor, bear in mind how much you need to repay each month, and how you can make the repayments without affecting your daily expenses and everyday habits.
Choose a tenor according to your financial capabilities. A longer loan tenor will give you more time to repay the loan, but will usually have a higher interest rate as well. Generally speaking, don't borrow for longer than how long you plan on keeping the item you're purchasing.
There are many option for applying loans online in the market, why should I choose you?
We have the exclusive “Loan Masters” backed by sophisticated technology to help provide you with personal loan solutions that suit your unique financial situation.
How are you different from other online money lender?
While money lenders are regulated by the Money Lenders Ordinance, WeLab Bank is a licensed bank that is regulated by the Hong Kong Monetary Authority and provides swift personal loan solutions.
Many online money lenders also claim they have extra-fast approval process, how are you different?
Generally speaking, while online money lenders may offer loan with relatively lower barrier, we offer attractive APR and a smooth experience where customer can finish the whole process online.
Do you have a “money lender’s license”? I see many online money lenders have one.
There are generally three types of lending institutions that are most accessible to the public: financial companies (such as online money lenders), financial intermediaries, and banks. Among them, financial companies and intermediaries are required to obtain a "Money Lender’s License“ and governed by the Money Lenders Ordinance (Cap 163). On the other hand, WeLab Bank is a licensed bank regulated by the Hong Kong Monetary Authority by virtue of the Banking Ordinance (Cap. 155) and the Code of Banking Practice.
What is a personal loan?
A personal loan is a type of loan that allows you to borrow a fixed amount of money and repay it over a set period of time, usually with fixed monthly payments.
How much can I borrow with a personal loan?
The amount you can borrow with a personal loan in Hong Kong depends on your creditworthiness and other factors such as your income and expenses.
What is the interest rate for a personal loan?
The interest rate for a personal loan varies depending on the lender and your creditworthiness.
How long can I choose to repay my personal loan?
At WeLab Bank, you can choose to repay your personal loan over a period of 6 to 60 months, depending on your needs and preferences.
What are the requirements to apply for a personal loan in Hong Kong?
In general, to apply for a personal loan in Hong Kong, you must be a Hong Kong resident aged 18 or above with a stable source of income. You will also need to provide documents such as your identity card, proof of income, and bank statements.
How do I apply for a personal loan?
You can easily apply for a personal loan via WeLab Bank app by filling in a simple application form and providing the required documents. Our loan application process is fast, easy, and convenient.
How long does it take to get approved for a personal loan?
At WeLab Bank, we strive to make our loan approval process as fast and efficient as possible. Typically, you can get approved for a personal loan within 1 to 2 business days after submitting your application.
Can I use a personal loan for any purpose?
Yes, you can use a personal loan for a variety of purposes such as home renovation, education, travel, or debt consolidation. The loan amount and repayment period will depend on your needs and preferences.
What happens if I miss a payment on my personal loan?
If you miss a payment on your personal loan , you may be charged a late payment fee and your credit score may be affected. It is important to make your loan payments on time to avoid any additional fees or penalties.
Can I apply for a personal loan in Hong Kong if I have a bad credit score?
At WeLab Bank, we consider a wide range of factors when evaluating loan applications, including your credit score, income, and expenses. Even if you have a less-than-perfect credit score, you may still be eligible for a personal loan in Hong Kong.
How does a personal loan differ from a credit card?
A personal loan is a type of fixed loan that allows you to borrow a specific amount of money and repay it over a set period of time with fixed monthly payments. In contrast, a credit card is a form of revolving credit that allows you to borrow money up to a certain limit and pay it back over time with variable interest rates.
How can I calculate the monthly repayment amount for my personal loan?
You can use our online loan calculator to estimate the monthly repayment amount for your personal loan based on the loan amount, interest rate, and repayment period.
What are the advantages of taking out a personal loan from WeLab Bank in Hong Kong?
WeLab Bank offers competitive interest rates, flexible repayment periods, and a fast and easy loan application process. Our loan are also fully transparent with no hidden fees or charges. Additionally, we provide excellent customer service to ensure that you have a positive personal loan experience with us.
Remarks:
To borrow or not to borrow? Borrow only if you can repay!
Click HERE to read WeLab Bank Personal Loan Key Fact Statements.
^From now on until 31 March 2026, successful WeLab Bank Personal Instalment Loan applicants with an approved loan of minimum of HKD 150,001 amount and tenor of 24 months can enjoy up to HKD 18,888 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.
(1) We reserve the right to request customers to provide additional supporting documents for the loan application. The actual time for providing loan plan, loan approval and the loan disbursement may vary depending on the information provided by the customer and are subject to the credit assessment result. Any loan application is subject assessment against normal lending criteria.
(2) Assuming that the customer successfully withdraws the above loan amount, selects a repayment period of 48 months and gets 1.68% annual percentage rate. After deducting the available HKD 3,000 cash rebate, the estimated daily interest amount is HKD 6. This figure is for reference only. The aforementioned annual interest rate and cash rebate amount may not necessarily be the current interest rate applicable to your WeLab Bank Personal Loan or the cash rebate amount you are entitled. The actual repayment interest depends on the credit score and the final approval status.
(3) The estimated period is calculated from the day the loan agreement is signed. The actual approval period and the actual time the loan is disbursed may vary upon information provided by the applicants.
(4) The TransUnion credit rating and related content are for reference only. WeLab Bank shall have no liability or responsibility relating to any aspect of or disputes arising from the use the Intelligent Financial Health Analysis.
(5) Users must use WeLab Bank App and hold a valid WeLab Bank core account, and agree to the relevant terms and conditions each time.
(6) The Personalized Financial Advice is only applicable to customers who have successfully disbursed a loan. The advice does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any financial products or services. This advice is developed based on information provided by customers. WeLab Bank shall not be obliged to any responsibility in case of wrong, incorrect, incomplete or invalid information.
#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. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate. The final APR offered is subject to the applicant’s application information, personal credit record, and the final approval process.
- 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