Personal Instalment Loan

APR as low as 1.27%*. Our Loan Masters tailors 3 preliminary approval results for you!

promotion
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!

Flexible amount

Loan amount up to HKD 1,000,000 or up to 18x monthly salary (whichever is lower)!

Flexible repayment

Loan tenor options available every 3 months, starting from 6 to 60 months!

Low daily interest

For a loan of HKD 500,000, the daily interest is about HKD 10 only2!

Enjoy up to HKD3,000 cash rebate^

Enjoy the offer whether you are a new joiner or our existing customer! You can enjoy up to HKD 3,000 cash rebate^ transferred directly into your account in the first month1 after successful loan drawdown!

Personalized repayment plan

Our 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!

Loan-Deposit-Link - Deposit with 0.68% Interest Rate

Earn interest rebate4 on your deposits! Enjoy great flexibility and lower interest costs. One rate, two ways!

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

Get your loan in 1 day at the earliest3 with HKD 0 handling fee!

1
Login our app

Click the "money bag💰" icon in WeLab Bank app, apply for your WeLab Bank Personal Loan and submit your supporting documents.

2
Review

Review and accept your loan offer 🥈.

3
Done

Get the money 💰 directly from your Core Account!
What’s more, you can enjoy 0.68% Interest Rate4 for your deposit with Loan-Deposit-Link as well!

Complete your application in as fast as 3 steps!

Get your loan in 1 day at the earliest3!
Lower rate, shorter wait!

Remarks:

To borrow or not to borrow? Borrow only if you can repay!

Click HERE to read WeLab Bank Personal Loan Key Fact Statements

*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 30 June 2022, 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 within 15 working days from the date of disbursement. 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 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 24 months and gets 1.68% annual percentage rate. After deducting the available HKD1,000 cash rebate, the estimated daily interest amount is HKD10.59. 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 Promotion runs from 1 April to 30 June 2022. Within the Valid Period, Eligible Customer will receive a monthly cash rebate (“Interest Rebate”), amount of which shall be equal to: Applicable Deposit Balance of the respective preceding calendar month x Rebate Rate. In which: (a) Applicable Deposit Balance of a calendar month shall be the monthly average of the day-end available balances of the Eligible Customer’s Core Account in HKD for each day in the respective calendar month (balances of any other currencies in the Eligible Customer’s Core Account are not included) capped at HKD 300,000 or 50% of the outstanding amount of the Loan based on the last day of that calendar month (whichever is lower). (b) Rebate Rate shall be equal to 0.68% deducting the basic interest rate applicable to the Core Account of the Eligible Customer (“Core Account Interest Rate”). You are only entitled to this Core Account Interest Rate after drawdown of WeLab Bank Personal Loan. However, in any event, the sum of Rebate Rate and Core Account Interest Rate shall not exceed 0.68%. Please refer to terms and conditions for more details.

Want to know more about our offer terms?

Read terms and conditions of WeLab Bank Personal Loan/Loan-Deposit-Link/Personal Loan Cash Rebate for details.