WeLab Bank Personal Instalment Loan
Update time: Nov 2022
Total Repayment (as low as)
Monthly Repayment (as low as)
APR (as low as)
Monthly Flat Rate: 0.07%
APR as low as 1.27%; 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

  • [MoneyHero Exclusive Offer 1] A Bowers & Wilkins Zeppelin Wireless Speaker or up to HK$5,000 Supermarket Coupon
    From 1 November 2022 to 30 November 2022, customers who use the referral code "NLHERO" and fulfill specific drawdown requirements can be entitled to the following MoneyHero exclusive offer.

    Loan Amount
    Tenor Offer
    HK$800,001 or above 24 months or above

    Bowers & Wilkins Zeppelin Wireless Speaker (valued at HK$6,780, random colour) OR HK$5,000 Supermarket Coupon

    HK$500,001 to HK$800,000 24 months or above

    iPad mini Wi‑Fi 64GB (valued at HK$3,999; random colour) OR HK$3,000 Supermarket Coupon

    HK$200,001 to HK$800,000 24 months or above HK$1,000 Supermarket Coupon
    HK$80,001 to HK$200,000 24 months or above HK$500 Supermarket Coupon

    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
  • [MoneyHero Exclusive Offer 2] HK$300 Spending Rebate

    • From now till 30 November 2022, new customers who have successfully entered the referral code "NLHERO" in the last step of WeLab Bank account opening can enjoy a 100% spending rebate capped at HK$300 in the first 30 days as an account opening reward. The spending rebate will be allocated regardless of loan approval and/or drawdown.
    • The rebate amount will be directly credited to your bank account.
    • Terms and Conditions apply
  • [WeLab Bank Offer 1] Up to HK$3,000 Cash Rebate

    • New customers, from now till 30 November 2022, can entitle to up to HK$3,000 cash rebate upon the fulfillment of the particular conditions by successful application via MoneyHero
    Loan Amount
    Tenor Cash Rebate

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

    24 months or above HK$3,000
    HK$300,000 to HK$699,999 HK$1,000
    HK$80,000 to HK$299,999 HK$500
    • The Cash Rebate amount will be credited into your Core Account on or before 30 April 2023
  • [WeLab Bank Offer 2] Loan-Deposit-Link Offer

    • Customers, from now till 31 December 2022, who successfully apply for and draw down a particular loan amount can enjoy a 0.68% p.a. saving rate
    Conditions Welcome offer

    Apply for and draw down a loan with HK$80,000 or above and a tenor of 24 months or above

    Loan-Deposit-Link Offer: can enjoy 0.68% (including Rebate Rate and Core Account Interest Rate)

  • 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 1.27% (monthly flat rate of 0.08%, including a HK$3,000 cash rebate); 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 1.27% (include HK$3,000 rebate) or 1.68% (exclude rebate)
    • 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 (inclusive of HK$3,000 cash rebate) is 1.27% and that excluding cash rebate 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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