WeLab Bank Personal Instalment Loan

Update time: Aug 2023

Total Repayment (as low as)


Monthly Repayment (as low as)


APR (as low as)

Monthly Flat Rate: 0.07%
APR as low as 1.68%; HK$0 handling fee; only HK$10 daily interest for a loan of HK$500,000
Complete your application as fast as in 3 steps

Great for

  • [Offers 1 & 2] Customer is entitled to up to HK$5,000 WeLab Bank Cash Rebate Offer & MoneyHero Exclusive Offer upon the following requirements are satisfied

    Successfully applied and drawdown the Personal Instalment Loan from WeLab Bank with entered the referral code "NLHERO" from 1 April 2023 to 30 April 2023 to enjoy:


    WeLab Bank Cash Rebate Offer

    MoneyHero Exclusive Offer

    Drawdown Loan Amount

                                         Tenor 24 months or above

    HK$700,000 to HK$1,500,000


    HK$2,000 supermarket coupon

    HK$300,000 to HK$699,999


    HK$500 supermarket coupon

    HK$80,000 to HK$299,999 HK$300 /

    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

    • WeLab Bank understands your needs. With our exclusive "Loan Masters", we can base on your basic requirement on personal loan, provide personalized solutions out of hundreds of thousands of combinations, then provide you with 2 more flexible plans apart from the basic plan:
      • Basic Plan: according to your basic requirement on loan
      • Smooth Plan:  lower monthly repayment amount
      • Bonus Plan: Larger loan amount to ensure you have sufficient funds
    • APR as low as 1.68% (monthly flat rate: 0.07%); HK$0 handling fee
    • Same day disbursement at the earliest
    • Borrow up to HK$1,500,000 or 18 times your monthly salary, whichever is lower
    • Flexible repayment period from 6 months to 60 months
    • The whole process is done by mobile phone, you can borrow without leaving home or showing up

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.
    • For a loan of HK$700,000 with 24 months repayment period, the APR is 1.68%
    • The APR is only applicable to the designated loan amounts and tenor and is for reference only. The final approved APR is subject to the Bank's assessment and confirmation. For HK$700,000 loan amount and 24-month loan tenor, the applicable APR is 1.68%. The APR is calculated according to the guidelines issued in respect of the Code of Banking Practice and rounded to the nearest two decimal places and may vary for individual customers. Customers should refer to the loan confirmation letters for the relevant information and such information shall prevail.
    • To borrow or not to borrow? Borrow only if you can repay!


Minimum Age
18 years old
Min. Annual Income
Permanent Resident


Handling Fee

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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