The New Phone and Cash Plan (the "Plan") is offered by 3HK and WeLend Limited. The handset instalment and cash loan services under the Plan are provided by WeLend Limited.

We only collect interest every month at a fixed rate based on the instalment amount. This interest rate will be the same for both the handset instalment and cash loan portion of the Plan.

The Monthly Interest Rate is typically 0.8%, which may vary subject to the final approval decision. Please refer to the website for further details.

Depending on the handset and subscription plan, the maximum instalment plan amount can be up to $50,000 with tenors up to 60 instalments. Minimum instalment amount is HK$3,000. The option of 60-month instalment period is only applicable to an instalment amount of HK$10,000 or above. The final result is also subject to the customer's credit record.

Normally we only require a selfie, and photos of your HKID and ATM card*. In certain conditions, we may also require additional documents, such as your income proof. Please follow the instructions on the application form accordingly.
*You may provide their disbursement account details first to complete their application, and submit a photo of their ATM card later within the next 7 days.

Subject to approval conditions, you will receive your approval result as soon as you complete the online application. Certain conditions are also subject to the completeness of documents submitted.

You may submit your documents via email: doc@welend.hk or via WHATSAPP: 5633-5939

Your bank account details are needed to set up monthly Direct Debit and to arrange for any disbursements.

You can select this plan for the handset value with a subscription to a SIM plan.

Every customer is limited to one application for one handset subscription plan.

This Plan is eligible for Hong Kong permanent residents who are employed, over 18 years of age, and have a good credit record.

This Plan can be used for any handset subscription plan or contract renewal.

You may provide bank passports or bank statements, as long as your full name and bank account details are displayed clearly. Please note that joint accounts are not accepted.

We approve a maximum instalment amount for your application in advance, where you can then choose to use a portion of the approved amount to purchase your desired products, with the option of withdrawing additional cash for other uses.

WeLend will set up monthly Direct Debit from your designated bank account.

We will not charge any interest on your overdue payment, but will collect a $350 administrative fee for any late repayments.

Your loan becomes legally binding as soon as you sign your loan agreement. The first repayment date will be one month after the date with which you signed the agreement - for example, if you signed your loan agreement on September 15, the first repayment date will be October 15.

This Plan does not limit your payment options when paying for other services that you have selected, such as (but not limited to) IDD, international roaming etc. You may make your payments by setting up Autopay, or visiting at one of our stores.