WeLab Bank Personal Instalment Loan
WeLab Bank Limited
Intro
About this product
A personal loan from WeLab Bank Limited. Loan amounts run HK$10,000–HK$1,500,000 with tenors of 6–60 months. The APR is 1.66%–36.00%. On fees, late repayment charge HK$500. On early repayment, An extra fee may apply when the loan is repaid earlier than the loan term.
Fit
Who it suits
- Borrowers who need a larger sum (up to HK$1,500,000)
- Borrowers who prefer a longer tenor (up to 60 months)
- Strong-credit borrowers aiming for an APR as low as 1.66%
Key facts
Key facts
Cost
APR
1.66%–36.00%
Monthly flat rate
To be verified
late repayment charge HK$500 · Falling behind on repayments; the lower of 30% of the overdue monthly repayment amount or HKD 500, and the charge may be waived in exceptional circumstances
Repayment
Tenor
6–60
An extra fee may apply when the loan is repaid earlier than the loan term
If you repay an instalment loan or a loan with a fixed repayment period earlier than the loan term, you may need to pay an extra fee
The page does not state a required notice period for early repayment
The page states no exceptions to the early repayment charge
Amount
Loan amount
HK$10,000–HK$1,500,000
Effective from
21 Sep 2026
Reminder: borrow only what you can repay, and never pay a middleman.
Source: WeLab personal instalment loan promotion Last updated: Data follows the institution's official pages and is not investment or lending advice.