WeLab Bank Loan Offer - Up to HKD 23,888 cash rebate¹
Whether you need a personal loan or want to consolidate card debts to save on interest, successfully apply and drawdown the loan to enjoy a cash rebate! 🎁
Click HERE to read Key Facts Statement for Personal Loan
<<Apply Now>>
7-day cooling-off period is not enough! When you have already made thorough preparations before applying for a loan, but planning cannot catch up with changes, only we truly understand your needs. We take the initiative to step forward 🤝, providing you with a 14-day interest-free cooling-off period5 to adjust your financial strategy!
From now until 28 February 2025, upon successful application and withdrawal of a personal loan with promotion code "SoCool", you will enjoy:
- Industry exclusive* 14-day interest-free cooling-off period5: While major banks only offer a 7-day cooling-off period or require payment of loan interest and related administrative fees during the cooling-off period, WeLab Bank promises a 14-day interest-free cooling-off period5 with no charges!
- Fee waiver: Waive interest and early repayment fees for 14 days, giving you ample time to fully understand your loan options and ensure the selection of the most suitable loan plan for yourself!
🧾 No need to wait for tax loan, WeLab Bank Personal Loan allow you to truly enjoy low-interest loans, with an APR as low as 1.68%5!
- High flexibility on loan purpose, satisfying all your financial needs during tax season
- Low entry requirements, no need for a million-dollar loan amount
- Enjoy up to HKD 23,888 cash rebate1 with successful loan application and drawdown
💰 From now until 31 March 2025, when you successfully apply and drawdown a Personal Instalment Loan, you can enjoy up to HKD 23,888 cash rebate1, and also enjoy:
- HKD 0 handling fee
- Flexible repayment period of up to 60 months
- No address proof and income proof needed2
- Loan-Deposit-Link 2.0% high-interest savings account offer3, for you to easily earn some extra interest
💳 From now until 31 March 2025, when you successfully apply and drawdown a Card Debt Consolidation Loan, you can enjoy up to HKD 23,888 cash rebate1, and also enjoy:
- HKD 0 handling fee
- Flexible repayment period of up to 72 months
- You can also apply for additional standby cash, with a loan amount up to HKD 1,500,000 or 18X monthly salary (whichever is lower)
Complete the loan application in just 3 steps! Get approved instantly, with funds transferred on the same day⁴!
Remarks:
To borrow or not to borrow? Borrow only if you can repay!
*As of 13 January 2025, based on internal market research, WeLab Bank is the only bank in Hong Kong that offers a 14-day cooling-off period, waives early repayment fees and interest.
(1) From now on until 31 March 2025, successful WeLab Bank Personal Loan applicants with an approved loan of minimum of HKD 150,001 amount and tenor of 24 months can enjoy up to HKD 23,888 cash rebate if the loan is drawn down within 7 days after approval; The cash rebate amount will be credited into the Core Account on or before 31 July 2025. Please refer to terms and conditions for more details.
(2) We reserve the right to request customers to provide additional supporting documents for the loan application. The actual time for the 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 to assessment against normal lending criteria.
(3) The Promotion runs from 16 January 2025 to 31 March 2025. During the promotion period, starting from the date on which you have drawn down the loan and the subsequent 11 calendar months, your Core Account deposit (daily balance up to HKD 800,000) are entitled to the savings cash rebate. The amount of the rebate is calculated on the basis of simple interest and based on the special interest rate (your prevailing Core Account interest rate and the special interest rate amount to 2.00% in total). The promotion is subject to a quota and is available on a first-come, first-served basis. Please visit Terms and Conditions for more details.
(4) The estimated period is calculated from the day the loan agreement is signed. The actual approval period and the actual loan disbursement time may vary upon information provided by the applicants.
(5) During the promotion period, starting from the date on which you have drawn down the loan and the subsequent 14 days, you can enjoy a 14 days interest free cooling-off period. Please visit Terms and Conditions for more details.
(6) The annualized percentage rate (“APR”) ranges from 1.68% to 36.00% and loan amount ranges from HKD10,000 to HKD1,500,000 with repayment period of 6 to 72 months. Assume the loan amount as HKD1,500,000 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.
(7) Welab Bank Limited is a member of the Deposit Protection Scheme in Hong Kong. Eligible deposits taken by this Bank are protected by the Scheme up to a limit of HKD 800,000 per depositor.