WeLab Bank Exclusive in HK: Interest Saving Guarantee


Also enjoy up to HKD 13,888 cash rebate#!
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***.
And enjoy up to HKD 3,000 cash rebate^!


- 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
Clear your card debts and save HKD 50,000 interest expenses, or get HKD 50,000 cash5! Also enjoy up to HKD 13,888 cash rebate#!


How to calculate the amount of interest saving*?
You may refer to the examples below as illustration:
HKD 200,000 outstanding balance of credit card (a) | Transferred to WeLab Bank Debt Consolidation Loan (b) | Difference (a) - (b) | |
---|---|---|---|
Repayment period (month) | 407 months | 24 months | 383 months less |
Total interest expense | HKD 509,088 | HKD 8,514.40 | HKD 500,573.6 less |
HKD 200,000 outstanding balance of credit card (a) | Transferred to WeLab Bank Debt Consolidation Loan (b) | Difference (a) - (b) | |
---|---|---|---|
Repayment period (month) | 408 months | 72 months | 336 months less |
Total interest expense | HKD 1,276,037 | HKD 63,796 | HKD 1,212,241 less |
(a) Credit card examples are calculated based on the assumptions applicable to the interest saving guarantee: an annual interest rate of 31.15% on a monthly repayment of 1% of credit card outstanding balance or HKD 200 (whichever is higher, Annualized Percentage Rate (“APR”) is 36.00%
(b) WeLab Bank Debt Consolidation Loan examples (b) are calculated based on repayment period of 24 months (for example 1) and 72 months (for example 2) with APR of 4.11%. 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
To borrow or not to borrow? Borrow only if you can repay!
*If you successfully applied for a Debt Consolidation Loan on or before 30 June 2023 with tenor of not less than 24 months and loan amount not less than HKD 50,000, which is partly or fully used to repay credit card outstanding balance of not less than HKD 50,000 (excluding credit card cash-out or instalment plan)("Eligible Credit Card Balance"), we will guarantee that the Eligible Credit Card Balance Interest Saving Amount (as calculated under the following conditions) will not be less than HKD 50,000. Otherwise, we will pay you a guarantee amount in the sum of HKD 50,000. The Eligible Credit Card Balance Interest Saving Amount is the credit card interest (assuming you repay 1% of credit card outstanding balance or HKD 200 (whichever is higher) as minimum payment for monthly repayment of the credit card balance at an annual interest rate of 31.15% (Annualized Percentage Rate (“APR”) is 36.00%) minus the full tenor interest incurred by the loan amount for repayment of the Eligible Credit Card Balance under the Debt Consolidation Loan. For the avoidance of doubt, when calculating the credit card interest, the minimum payment and annual interest rate (including APR) will not be determined by the actual credit card repayment amount, interest rate and charge applicable to Eligible Credit Card Balance. Terms and conditions apply. Please refer to promotion terms and conditions for more details.
#From now on until 30 June 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 October 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.
^From now on until 30 June 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 October 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 /“HKD 50,000 Interest Saving Guarantee” Promotion for details.