Updated September 28, 2026 · BorrowCue Editorial Team
1822direkt vs WeLend
What sets them apart
| Compare |  1822direkt |  WeLend |
|---|---|---|
| APR | 5.29% | 1.88% to 48%Lower |
| Loan amount | €7,500 to €100,000 | HK$5,000 to HK$1,500,000 |
| Term | 24 to 120 monthsHigher | 1 to 72 months |
| Arrangement fee | 0 EUR (credit application processing is free of charge) | HK$0 - no application, handling, guarantor, photocopy or introductory fees |
| Funding time | Within 24 hours after digital signing | Same day, as fast as 14 minutes via FPS |
| Lender type | Broker | Direct lender |
| Eligibility | Minimum 18 years old, main residence in Germany, employed at least six months, permanent contract, no negative SCHUFA or CRIF Buergel entry | Hong Kong resident aged 18 or above; 3 months at current job; minimum monthly income HK$8,000 |
| Loan types | Personal, Debt consolidation, Car, Credit line | Personal, Debt consolidation, Business |
| Representative example | Not confirmed | Personal loan customer case: 3.03% APR, total repayment HK$251,189 |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Good | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Credit check (Hard), Rate type (Fixed), Free early repayment (Yes).
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Key differences
- WeLend scores higher overall: 9.1 vs 9.0.
- Founded is lower at 1822direkt: 1996 vs 2013.
- APR is lower at WeLend: 1.88% to 48% vs 5.29%.
- Term is higher at 1822direkt: 24 to 120 months vs 1 to 72 months.
- Support channels: only WeLend offers Chat.
- Loan types: only 1822direkt offers Car, Credit line.
- Loan types: only WeLend offers Business.
Our verdict on each
1822direkt
1822direkt suits German borrowers who prioritise low stated costs and fixed-rate borrowing across mortgages and personal loans. Its mortgage product fee is €0, while the initial rate is 3.87% and the APRC is 3.97%. The main trade-off is the hard credit check used for personal-loan applications.
WeLend
WeLend suits Hong Kong borrowers who want a fee-free fixed rate personal loan from a licensed Hong Kong lender. Interest runs 1.88% to 48% on HKD 5,000 to HKD 1,500,000 over terms of 1 to 72, with same day funding.
Score breakdown
| Area | 1822direkt | WeLend |
|---|---|---|
| Cost | 9.3Mortgage product fees are €0, while personal-loan application processing carries an origination fee of 0 EUR (credit application processing is free of charge). | 9.4Higher |
| Offer | 9.2HigherThe offer spans personal, debt consolidation and car, plus fixed-rate mortgages with free early repayment. | 9.0Direct lender with personal, debt consolidation and business lending and a hard credit check, ranking at 369 of 685 brands on loan amount. |
| Trust | 8.6 | 8.9Higher |
Where each is licensed and available
| Country | 1822direkt | WeLend |
|---|---|---|
| Germany | Not confirmed | |
| Hong Kong | Not confirmed |
Additional countries for 1822direkt: 1. Additional countries for WeLend: 1.
What each covers
| Loan types | 1822direkt | WeLend |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Credit line | Yes | No |
| Car | Yes | No |
| Business | No | Yes |
Which one suits you
Pick 1822direkt if term matter most.
Pick WeLend if trust and apr matter most.
What it costs in practice
Borrow a typical amount over a typical term (estimate at the stated APR)
1822direkt
836.46
836.46
WeLend
292.48 to 9,039.28
292.48 to 9,039.28
WeLend comes out 543.98 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | 1822direkt | WeLend |
|---|---|---|
| Personal loans | 644 of 1920 | 632 of 1920 |
| Debt consolidation loans | 215 of 425 | 209 of 425 |
Every fact side by side
| Fact | 1822direkt | WeLend |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Not confirmed | Same day funding |
| Legal entity | 1822direkt Gesellschaft der Frankfurter Sparkasse mbH | WELEND LIMITED |
| Headquarters | Germany | Hong Kong |
| Founded | 1996Lower | 2013 |
| Support channels | Email, Phone, Help centre | Phone, Email, Chat, Help centreCovers more |
Where each stands against the rest
| Fact | 1822direkt | WeLend | Median |
|---|---|---|---|
| APR | 5.29%below the median | 1.88% to 48%lowest quarter | 8.99% |
| Term | 24 to 120 monthshighest quarter | 1 to 72 monthsabove the median | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1152 listed lenders.
Pros and cons
1822direkt
Pros
- Mortgage product fees are €0.
- Personal-loan application processing is free of charge under 0 EUR (credit application processing is free of charge).
- Early repayment is free.
Cons
- Personal-loan applications use a hard credit check, which may make approval harder for borrowers with limited credit history.
- Personal loans are available only on a fixed-rate basis.
- The stated lender type is broker, so applications are arranged through a broker.
WeLend
Pros
- No arrangement fee, and no application, handling, guarantor, photocopy or introductory fees either.
- Fixed rate terms with free early repayment, so paying early costs nothing extra.
- You can reach the team on phone, email and chat before and after you apply.
Cons
- The credit check is hard, so an application puts a full search on your file that other lenders can see.
- 1.88% to 48% reaches far higher than the 24.92% seen across the market at the upper end.
- Eligibility is narrow: a Hong Kong resident, a waiting period in the job and a minimum monthly income.
Who each suits
1822direkt
Who it suits
- Adults resident mainly in Germany with a permanent contract and a clean SCHUFA and CRIF Buergel record.
- Borrowers comparing fixed-rate mortgages for purchase, remortgaging or buy-to-let purposes.
- Personal-loan applicants with good credit who want free early repayment and no application processing fee.
Who should look elsewhere
- Prestalo may suit a borrower focused on its listed initial rate of 2.36%.
- Creditilia ES may suit a borrower focused on its listed initial rate of 4%.
- Sofkredit may suit a borrower focused on its listed initial-rate range of 8% to 14%.
WeLend
Who it suits
- Hong Kong residents in steady work who can clear a hard credit check and need money quickly.
- Borrowers consolidating several balances into a single fixed rate repayment.
- Sole traders and small businesses wanting business borrowing from the lender itself.
Who should look elsewhere
- Anyone wanting a narrower rate band: Monzo Flex lists 10% to 23% against WeLend's 1.88% to 48%.
- Borrowers after an interest free option alongside: Cashspace ES lists 0%.
- Those who want a broker to shop several lenders, or applicants based outside Hong Kong.
Current offers
1822direkt
Current offer
Bonus
0,10 % Zinsvorteil im Online Finanzierungskonzept: 0,10 % Zinsvorteil
Offer tied to the Online Finanzierungskonzept; 0,10 % surcharge applies to properties that are not energy efficiency class A+ to C
Source, checked September 26, 2026
Bonus
Praemie fuer Kontonutzung im Girokonto: 200 EUR
New customers of the 1822direkt Girokonto, combined with 3,50 % Zinsen p.a. for new customers
Source, checked September 26, 2026
First period offer
Tagesgeldkonto Neukundenzins: 3,50 % Zinsen p.a.
Valid for 6 months up to an investment amount of 250,000 EUR, then the then-valid base rate applies
Source, checked September 26, 2026
WeLend
Current offer
Bonus
Personal Instalment Loan Offer - cash rebate: Up to HK$30,000
Cash rebate upon successful loan approval; terms and conditions apply
Source, checked September 26, 2026
Country by country
| Country | 1822direkt | WeLend |
|---|---|---|
| Germany | Yes | No |
| Hong Kong | No | Yes |
Questions about each
1822direkt
What are the fees for a personal loan?+
Personal-loan rates start with an APR of 5.29%. Credit application processing is free of charge under 0 EUR (credit application processing is free of charge), and the stated product fee is 0%.
What costs apply to the mortgage?+
The mortgage initial rate is 3.87%, with an APRC of 3.97% and a fixed period of 10. The stated mortgage product fee is €0.
WeLend
What rate will I pay on a WeLend loan?+
WeLend quotes 1.88% to 48% on its personal loans, and the rate is fixed for the whole term, so repayments do not move with the market. The rate you are offered depends on your own profile, so treat the range as a starting point rather than a promise.
Does WeLend charge any fees?+
There is no arrangement fee, and the lender also rules out application, handling, guarantor, photocopy and introductory fees. Early repayment is free as well, so clearing the loan ahead of schedule adds no charge. Interest on the balance, at 1.88% to 48%, is the main cost you carry.
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