WeLab Bank Debt Consolidation Loan

Update time: Jun 2023
$
201,680

Total Repayment (as low as)

$
16,807

Monthly Repayment (as low as)

1.68
%

APR (as low as)

Monthly Flat Rate: 0.07%
Reduce interest expense up to 97% and enjoy HK$0 handling fee
Complete your application as fast as in 3 steps

Great for

  • [Offers 1 & 2] Customer is entitled to up to HK$21,068 WeLab Bank Cash Rebate Offer & MoneyHero Exclusive Offer upon the following requirements being satisfied

    Successfully applied and drawdown the Debt Consolidation Loan from WeLab Bank with entered the referral code "NLHERO" from 1 June 2023 to 30 June 2023 to enjoy:

     

    WeLab Bank Cash Rebate Offer

    MoneyHero Exclusive Offer

    Drawdown Loan Amount

    Tenor 24 months or above & below 36 months

    Tenor 36 months or above

    Tenor 36 months or above

    HK$1,000,000 to HK$1,500,000

    HK$7,000

    HK$13,888

    Option (1): Apple Watch Ultra (valued at HK$6,399) or

    Option (2): Dyson Purifier Hot+Cool™ Formaldehyde HP09 (valued at HK$7,180) or 

    Option (3): HK$7,000 supermarket coupon or

    Option (4): Rimowa Essential Cabin Lightweight Carry-On Suitcase (valued at HK$6,700)

    HK$400,000 to HK$999,999

    HK$3,000

    HK$5,000

    HK$4,000 supermarket coupon

    HK$200,000 to HK$399,999 HK$2,000 HK$3,000 HK$2,000 supermarket coupon
    HK$50,000 to HK$199,999 / HK$500 HK$1,000 supermarket coupon
    • All of the Rewards will be issued randomly in colour

    How to redeem MoneyHero exclusive offer?

    • Note down your application reference number for reference. You will be asked to upload all required documents when you apply the card to facilitate the approval process.
    • Within 7 days of receiving the email, complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with WeLab Bank.
    • Tips:
    • Terms and Conditions apply
  • [Offer 3] Loan-Deposit-Link Offer

    • Customers, from now till 30 June 2023, who successfully apply for and draw down a particular loan amount can enjoy a 1.5% p.a. saving rate
    • Terms and conditions apply
  • Product Features

    • The whole process is done by mobile phone, you can borrow without leaving home or showing up
    • Reduce interest expense up to 97% and enjoy HK$0 handling fee
    • Tailor a personalized repayment plan for you to centralize card debts and pay off the debts in one go
    • Loan amount up to HK$1,500,000 or up to 18x monthly salary (whichever is lower)
    • Loan tenor options available up to 72 months

Need to know

  • Things you need to know

    • Same day disbursement at the earliest: 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.
    • To borrow or not to borrow? Borrow only if you can repay!

Eligibility

Minimum Age
18 years old
Min. Annual Income
HK$120,000
Citizenship
Permanent Resident

Fees

Handling Fee
0

Steps to Apply

1. Apply through WeLab Bank app
2. Upload documents
3. Verify and get approval
4. Disburse loan

Required Documents

1. Address proof within the latest 3 months
2. Income proof
Employed with regular income: latest 1 month;
Freelancer or employed with variable income: latest 3 months

For business owner:
a. latest 3 months personal bank statement, and
b. latest 6 months company bank statements or salary tax demand note

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