1.68%

APR

^HK$203,840

Total Amount Payable

^HK$3,840

Total Interest Payable

All Details

• Key Features

  • 【Upgraded Offer】Enjoy up to HK$23,097 rewards upon successful application and drawdown of specified loan amount

  • Loan amount up to HK$1,500,000 or up to 18x monthly salary (whichever is lower)

  • Shorten your loan application time and get your loan much quicker, without having to submit any income proof

  • Complete your application in as fast as 3 steps, simply finish the whole process in WeLab Bank app!

  • 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.

  • The APR is only applicable to designated loan amount and tenor and for reference only. The final approved interest rate will be subjected to the bank’s approval. Assume the loan amount as HKD1,000,000 with tenor of 24 months, the APR will be 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.

  • 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.

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

• Repayment Summary

  Principal Loan Amount	HK$200,000
  Total Interest Payable	HK$3,840
  Monthly Payment	HK$8,493
  Total Amount Payable	HK$203,840
  Handling Fee	HK$0
  Annual Percentage Rate	1.68%
  Monthly Interest Rate	0.08%
  Loan Tenure	24 Months

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Eligibility

Age Requirement	18 years old or above
Residency Status	Hong Kong Resident
Employment Status	A minimum monthly income of HKD 10,000