WeLab Bank Personal Loan - Tesla Mega Combo

Great for

• 

  [MoneyHero Exclusive Offer] Enjoy HK$500 supermarket coupon upon successfully applying and drawdown the loan

  • From 1 February to 31 March 2023, successfully applied and drawdown the loan with referral code "TEHERO" can enjoy HK$500 supermarket coupon
• 

  [WeLab Bank Offer 1] WeLab Bank X Tesla 3-in-1 Combo Loan Promotion: APR at 3.9% (inclusive of the HK$4,500 savings cash rebate from “Special Interest Rate to the Core Account Offer”)

  From 1 January 2023 to 31 March 2023 (both dates inclusive), new or existing WeLab Bank customers can enjoy a 3.9% APR by using "TEHERO" loan promotion code for loan application, and fulfilling the following requirements:

  • completed the purchase order of any Tesla model vehicle from Tesla Motors HK Limited at any time ("Tesla") and provide relevant proof of purchase; and
  • successfully applied for WeLab Bank Personal Instalment Loan with either tenor of 36, 48 or 60 months in accordance with the WeLab Bank Personal Instalment Loan Terms and Conditions within the Promotion Period; and
  • used "TEHERO" under 'Promotion Code' for the loan application or under 'Promotion Code' for the loan application
• 

  [WeLab Bank Offer 2] 1.5% Deposit Offer

  • Enjoy a 1.5% interest rate for a daily cap up to HK$300,000 cash in your Core Account, for up to a year from the day you successfully draw down the loan using the designated referral code

• 

  [WeLab Bank Offer 3] Enjoy 20% Cash Rebate on designated spending

  • Enjoy a 20% cash rebate for using WeLab Debit Card transactions made on Tesla Supercharger station, transactions made on the Tesla Online Shop, and a premium connectivity subscription - offer valid in the next 5 calendar months from the day you successfully draw down the loan / opened an account using designated referral code

• 

  【WeLab Bank Offer 4】 Welcome GoWealth Offer - enjoy HK$300 Seed Money rebate

  • Open your account with designated referral code
  • Activate GoWealth investment account
  • During the Promotion Period, make an investment worth at least HK$1,000 to get HK$300 seed money
• 

  Product Features

  • HK$0 handling fee, no other fees
  • No collateral or need for Vehicle Registration Document
  • 1 day disbursement at the earliest
  • Borrow up to HK$1,500,000
  • Fixed repayment period of 36 / 48 / 60 months
  • The whole process is done by mobile phone, you can borrow without leaving home or showing up

Need to know

• 

  Things you need to know

  • The above promotions are only applicable to applicants who completed the purchase order of any Tesla model vehicle from Tesla Motors HK Limited and used a loan promotion code “TEHERO” for WeLab Bank loan application
  • 1 day disbursement at the earliest: The estimated period is calculated from the day the loan agreement is signed. The actual approval period and the actual time the loan is disbursed may vary upon information provided by the applicants.
  • Assume customers have successfully drawn down a loan amount of HK$10,000 or above with repayment tenor of 36/48/60 months and joined “Special Interest Rate to the Core Account Offer” with deposited amount of HK$300,000 for 12 months, the Annualised Percentage Rate (‘APR’) will be 3.9% (inclusive of the HK$4,500 savings cash rebate from “Special Interest Rate to the Core Account Offer”) or 4.9% (excluding the HK$4,500 savings cash rebate from “Special Interest Rate to the Core Account Offer. The Annual flat rate is rounded up to the nearest 2 decimal places. 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. The APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. Customers should refer to their loan confirmation letters for the relevant information and such information shall prevail. The APR only applicable to designated loan amount and tenor and for reference only. The final approved interest will be subjected to the bank’s approval.
  • To borrow or not to borrow? Borrow only if you can repay!