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Get the Best WeLab Bank Personal Installment Loans with Low Interest Rates in HK

Get the Best WeLab Bank Personal Installment Loans with Low Interest Rates in HK Read More
200,000 personal loan Paid over 24 months
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We found 3 WeLab Bank Personal Loans for you!
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WeLab Bank Personal Instalment Loan (Applicable during tax season)

Monthly Payment

HK$8,493

MoneySmart Exclusive
Upgraded Offers！

WeLab Bank Personal Instalment Loan (Applicable during tax season)

APR*
1.68%
Total Amount Payable
HK$203,840
Total Interest Payable
HK$3,840
Monthly Payment
HK$8,493

【Upgraded Offer – up to $32,256 rewards】 Seize market opportunities💰Click in secure capital in 3 steps 
From 9 January until 31 January, apply for Personal Instalment Loan via MoneySmart using promo code 「NLSMRT」and submit all required documents, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But thats not all! If you successfully apply and drawdown a loan through MoneySmart, you can receive cash rebate up to HK$23,888 offered by WeLab Bank and MoneySmart exclusive rewards up to HK$7,180 as well!

🧧Extra Prosperity【Apply for a Loan and Get HK$388 Cash Laisee!】
From now until 28 Jan, customers who successfully applied for WeLab Bank Personal Instalment Loan (Applicable during tax season) / WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals) / WeLab Bank Card Debt Consolidation Loan via MoneySmart with the required documents submitted, can enjoy HK$388 cash (automatically converted by 3,880 SmartPoints) directly deposited into your FPS account -  regardless of approval! T&C applies.

Valid until 28 Jan 2025 - See more details below
Apply Now
More Details
WeLab Bank Card Debt Consolidation Loan

Monthly Payment

HK$8,693

MoneySmart Exclusive
Upgraded Offers！

WeLab Bank Card Debt Consolidation Loan

APR*
4.11%
Total Amount Payable
HK$208,640
Total Interest Payable
HK$8,640
Monthly Payment
HK$8,693

【Upgraded Offer – up to $32,256 rewards】 Seize market opportunities💰Click in secure capital in 3 steps 
From 9 January until 31 January, apply for WeLab Bank Card Debt Consolidation Loan via MoneySmart using promo code 「NLSMRT」and submit all required documents, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But thats not all! If you successfully apply and drawdown a loan through MoneySmart, you can receive cash rebate up to HK$23,888 offered by WeLab Bank and MoneySmart exclusive rewards up to HK$7,180 as well!

🧧Extra Prosperity【Apply for a Loan and Get HK$388 Cash Laisee!】
From now until 28 Jan, customers who successfully applied for WeLab Bank Personal Instalment Loan (Applicable during tax season) / WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals) / WeLab Bank Card Debt Consolidation Loan via MoneySmart with the required documents submitted, can enjoy HK$388 cash (automatically converted by 3,880 SmartPoints) directly deposited into your FPS account -  regardless of approval! T&C applies.

Valid until 28 Jan 2025 - See more details below
Apply Now
More Details
WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals)

Monthly Payment

HK$8,493

MoneySmart Exclusive

WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals)

APR
1.68%
Total Amount Payable
HK$203,840
Total Interest Payable
HK$3,840
Monthly Payment
HK$8,493

【Upgraded Offer – up to $32,256 rewards】 Seize market opportunities💰Click in secure capital in 3 steps 
From 9 January until 31 January, apply for WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals) via MoneySmart using promo code 「NLSMRT」and submit all required documents, you can earn the application bonus of HK$800 vouchers (given out as 8,000 SmartPoints) regardless of approval! But thats not all! If you successfully apply and drawdown a loan through MoneySmart, you can receive cash rebate up to HK$23,888 offered by WeLab Bank and MoneySmart exclusive rewards up to HK$7,180 as well!

🧧Extra Prosperity【Apply for a Loan and Get HK$388 Cash Laisee!】
From now until 28 Jan, customers who successfully applied for WeLab Bank Personal Instalment Loan (Applicable during tax season) / WeLab Bank Personal Instalment Loan (For Civil Servants and Professionals) / WeLab Bank Card Debt Consolidation Loan via MoneySmart with the required documents submitted, can enjoy HK$388 cash (automatically converted by 3,880 SmartPoints) directly deposited into your FPS account -  regardless of approval! T&C applies.

Valid until 28 Jan 2025 - See more details below
Apply Now
More Details

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WeLab Loan

WeLab LoanAPRFeatures
WeLab Bank Personal Instalment LoanAs low as 1.68% (not including cash rebate)No proof of income required for a loan
WeLab Bank Card Debt Consolidation LoanAs low as 4.11% (not including cash rebate)The loan tenor can be up to 72 months

About WeLab Bank

Launched in Hong Kong in 2013, WeLab is a virtual bank which is authorised by the Monetary Authority of Hong Kong and it is backed by some of the world-renowned investors, including CK Hutchison's TOM Group, International Finance Corporation, Alibaba, Sequoia Capital, etc. Using the latest mobile technology, WeLab is committed to designing a digital-first and digital-only bank to make banking simpler.
WeLab operates without physical branches, which greatly reduces overhead costs. These savings pass back to customers in the form of better rates with more flexibility. It also leverages behavioral science and technology to manage your wealth.

Features of WeLab Personal Instalment Loan

Attractive APR

APR as low as 1.68% - even lower than tax loans offered by some traditional banks. E.g. Interest can be as low as HK$11/ day for borrowing HK$ 500,000

Personal loan rate is linked with deposit rate

After relieving your initial financial burden, you can deposit any remaining cash (max HK$500,000) back into WeLab Bank to offset part of your interest.

Application can be done in just 3 steps

The entire application process, from applying to getting your loan can be done online in 3 simple steps.

Same-day disbursement

You can get your loan on the same day as your application, perfect for emergency

No income proof needed

No income proof required, perfect for applicants who cannot provide one

High cashback

Enjoy up to HK$12,000 cash rebate upon successful application.

Loan amount higher than loan companies

Compared to other loan companies, WeLab provides a relatively high loan amount, max HK$1,500,000 or 18X monthly salary

Flexi tenor options

You can choose from 6 to 60 months according to your own circumstance.

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Does WeLab approve loans easier?

Yes, the entire process can be done online in 3 steps, without submitting income proof. You can also get your loan on the same day.

How to apply for WeLab Bank Personal Instalment Loan?

Download the WeLab apps from either App Store or Google Play. Once you have the apps, please follow the 3 steps below:

Step 1

To apply, you need to click the "money bag💰" icon in the WeLab Bank app and submit the documents required.

Step 2

If your application is successful, please review and accept your loan offer if you decide to proceed

Step 3

Once you accept your offer, the funds will be paid into your bank account on the same day as your application.

FAQ

How long does it take for WeLab to approve my loan application？

It usually takes 1-2 working days.

Does WeLab charge any handling fee for my loan application?

No, it doesn’t charge any handling fee. But there are some common fees associated with loans which may be applicable, such as early repayment charge (unpaid interest + 2% fee on the outstanding Loan principal being repaid and return of any applicable promotional offers) and late charge(HK$350).

Can I still apply for Bank Personal Instalment Loan without proof of income?

Yes. Applicants are not required to submit any income proof when applying for Bank Personal Instalment Loan.