Reduce interest expense up to 97%*!
Click HERE to read Personal Loan Key Fact Statements
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Our team of experts have transformed into "Loan Masters"1, backed by our highly sophisticated system, to provide you immediate assistance.
With ultra-high efficiency and speed, our system can provide sophisticated analysis to offer 3 personalized preliminary approval results that suit you the best.
Our team of seasoned experts are here to provide you personal and professional advice, so you can pick the best loan plan with the ultimate ease of mind.
Note: We may disseminate customer message via WhatsApp. The number of our official WhatsApp account is +852 3898 6983***.
An intelligent loan service that understands your need.
- Loan rate that fits your needs
- Longer repayment period and lower monthly repayment amount
- Larger loan amount to ensure sufficient funds
- Complete your application as fast as in 3 steps and get your loan in 1 day at the earliest with HKD 0 handling fee
- Shorten your loan application time and get your loan much quicker, without having to submit any income proof
- Loan amount up to HKD 1,500,000 or up to 18x monthly salary (whichever is lower)
- Loan tenor options available every 3 months, starting from 6 to 60 months
Apart from providing personalized solutions out of hundreds of thousands of combinations to help you save up to 97% interest expense, there will be a dedicated expert to follow up your case!
| HKD 200,000 outstanding balance of credit card(a) | Transferred to WeLab Bank 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%) |
| Total interest expense | HKD 506,675 | HKD 11,636 (Interest saved by 97%) |
(a) The illustration is calculated based on an annual interest rate of 31% charged by general credit card on a monthly repayment of 1% of the credit card outstanding balance of HKD 200 (whichever is higher) over a 407 months repayment period. The average monthly repayment amount quoted above is calculated based on the first 3 months repayment amount and is rounded to the nearest dollar. The Annualized Percentage Rate (#APR$) is 36.01%. The total interest expense over the whole repayment period quoted above is rounded to the nearest dollar.
(b)The illustration is calculated based on a monthly flat rate of 0.1763% with 33 months loan repayment period for a WeLab Bank Debt Consolidation Loan. The APR is 4.11% (rounded up or down to the nearest two decimal places), and the total loan repayment amount is HKD 11,635.8 (with handling fee waiver). The total interest expense over the whole repayment period quoted above is rounded to the nearest dollar. The above example is for reference only. The APR, loan amount and tenor subject to credit approval. 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.
Note: All the figures quoted in the table above are rounded to the nearest integer.
Simply finish the loan process via WeLab Bank app
Click the "money bag 💰" icon in WeLab Bank app and select “Debt Consolidation Plan” to apply for your WeLab Bank Debt Consolidation Loan!
Click HERE for details。
Select your loan amount and tenor.
Submit your supporting documents.
Our Loan Masters will contact you to analyze your current financial status and to help you pay off your debts in one go!
Experience loan products that understand your needs via WeLab Bank app!
To borrow or not to borrow? Borrow only if you can repay!
#From now on until 31 March 2023, successful WeLab Bank loan applicants with an approved loan of minimum of HKD 1,000,000 amount and tenor of 36 months can enjoy up to HKD 13,888 cash rebate if the loan is drawn down within 7 days after approval. The cash rebate amount will be credited into the Core Account on or before 31 August 2023. Please refer to terms and conditions for more details.
+Actual approval result is subject to individual circumstances and actual situation, or vary upon information provided by the applicants.
(1) Loan Masters refer to WeLab Bank’s self-developed approval system that works in tandem with the team that follows up with the customers, to provide professional advice to customers based on their unique loan requirements and financial situations.
(2) 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.
(3) We reserve the right to request customers to provide additional supporting documents for the loan application. The actual time for 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.
(4) The above example is for reference only. The final approved loan amount, interest rate and loan tenor are subject to the credit approval.
*Assume the loan amount as HKD700,000 with tenor of 24 months, the APR will be 1.27% (inclusive of HKD3,000 cash rebate) or 1.68% (excluding cash rebate). 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. Customers should refer to their loan confirmation letters for the relevant information and such information shall prevail. The APR only applicable to designated loan amount and tenor and for reference only. The final approved interest will be subjected to the bank’s approval.
^From now on until 31 March 2023, successful WeLab Bank loan applicants with an approved loan of minimum of HKD 80,000 amount and tenor of 24 months can enjoy up to HKD 3,000 cash rebate if the loan is drawn down within 7 days after approval. The cash rebate amount will be credited into the Core Account on or before 31 August 2023. Please refer to terms and conditions for more details.
***Note:
-All WhatsApp official accounts will have a green 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.
Read terms and conditions of WeLab Bank Personal Loan/Loan-Deposit-Link/Personal Loan Cash Rebate for details.