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Important Notice

Definition on relationship with Welab Bank Limited (Including WeLend Limited) directors / employees / controllers / minority shareholder controllers

Definition on relationship with Welab Bank Limited (Including WeLend Limited) directors / employees / controllers / minority shareholder controllers

1.    “Relative” is defined under Rule 85(4) of the Banking (Exposure Limits) Rules (Cap.155S) as: (a) a parent, grandparent or great grandparent; (b) a step-parent or adoptive parent; (c) a brother or sister; (d) the spouse; (e) if the person is a party to a union of concubinage – the other party of the union; (f) a cohabitee; (g) a parent, step-parent or adoptive parent of a spouse; (h) a brother or sister of a spouse; (i) a son, step-son, adopted son, daughter, step-daughter or adopted daughter; or (j) a grandson, granddaughter, great grandson or great granddaughter.
2.    “Controller” is defined under Section 2 of the Banking Ordinance (Cap.155) as, in relation to a company : (a) an indirect controller (i.e. any person in accordance with whose directions or instructions the directors of the company or of another company of which it is a subsidiary are accustomed to act, but does not include a Manager or Advisor appointed under Section 52 of the Banking Ordinance (Cap.155) or any person in accordance with whose directions or instructions those directors are accustomed to act by reason only that they act on advice given by him in his professional capacity); or (b) a majority shareholder controller (i.e. any person who, either alone or with any associate or associates, is entitled to exercise, or control the exercise of, more than 50% of the voting power at any general meeting of the company or of another company of which it is a subsidiary).
3.    “Minority shareholder controller” is defined under Section 2 of the Banking Ordinance (Cap.155) as, in relation to a company : any person who, either alone or with any associate or associates, is entitled to exercise, or control the exercise, or control the exercise of, 10% or more, but not more than 50%, of the voting power at any general meeting of the company or another company of which it is a subsidiary.

Remark


# The customer must fulfil specific credit requirements to be eligible. Actual time may vary depending on each individual case.

*The loan will be transferred via Faster Payment System (FPS) after the loan is approved and the loan agreement is signed. Actual transfer time is subject to each individual bank's transfer service hours.

^Terms and conditions are applied to cash rebate.

## This suggestion is developed based on information provided by customers. WELEND LIMITED shall not be obliged to any responsibility in case of wrong, incorrect, incomplete or invalid information.

**The financial healthiness score is independently developed by WELEND LIMITED using demographic data collected from customers in accordance with WELEND LIMITED's Privacy Policy and Personal Information Collection Statement.

In the event of any inconsistencies between the English and Chinese version of the Terms and Conditions, the English version shall prevail.
Loan Calculator
HK$
Months
6
Months
Monthly Repayment
HK$
838
~
HK$
894
Remark
1. Loan amount should fall within $5,000 and $1,500,000.
2. Monthly repayment is calculated using an effective rate of 1.88% - 25.00% and is for reference only.
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Important Notice
[Beware of Scams] Fraudsters may impersonate WeLend staffs (or representatives of WeLend) to call, message, send email, or create fake social media accounts to impersonate WeLend, such as Facebook or Instagram, as well as fake websites, and use various excuses, including but not limited to requesting customers to prepay loans, to trick customers into transferring money to fraudsters’ designated personal bank accounts, or providing personal information for loan applications. If you suspect you have received an impersonated WeLend staff or social media invitation, or any other calls, messages, cards, or are directed to a fake WeLend website, do not provide any information. If you have any suspicion, contact us at +852 3590 6396 or verify the information with a WeLend customer service representative through the official WhatsApp number +852 3706 9120. You may also report suspicious fraudulent activities to the Hong Kong Police Force.