WeLab Bank Personal Loan “R-Friend Referral” Campaign

From now until 31 December 2022, WeLab Bank customer can get HKD 800* each time you refer a friend / relative to apply for WeLab Bank Personal Loan with successful drawdown. What's more, your referee can be either an existing or new WeLab Bank customer!

What are you waiting for? Invite your friends / relatives now to apply for WeLab Bank Personal Loan to win up to HKD 8,000* and enjoy the loan with low APR and all kinds of perks!

Click HERE to read Personal Loan Key Fact Statements

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What’s more? Your referees can also enjoy loans with low APR and all kinds of perks!

*Visit Terms and Conditions for WeLab Bank Personal Loan “R-Friend Referral” Campaign
To borrow or not to borrow? Borrow only if you can repay!

Earn up to HKD 13,888 cash rebate

Now you can enjoy up to HKD 13,888 rebate** after successful loan drawdown – it means cash directly transferred to your account!

To borrow or not to borrow? Borrow only if you can repay!

Loan-Deposit-Link - One rate, two ways!

Earn interest rebate on your deposits^! Enjoy great flexibility and lower interest costs. One rate, two ways!

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Looking for a Tesla Unsecured Loan?

Apart from WeLab Bank Personal Loan, you can also refer your friends to apply and drawdown Tesla Unsecured Loan with fixed APR at 3.68%* to earn HKD 800 cash reward*!

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Remarks:

*During the Campaign Period, Eligible Customer can enjoy HKD800 Referral Reward (“Referral Reward”) if you have successfully referred your Referee to apply for WeLab Bank Personal Instalment Loan and drawdown the loan within 7 days after approval. Each Eligible Customer can enjoy a maximum of HKD8,000 cash reward (i.e. 10 successful referrals at maximum) over the Campaign Period under this Campaign. Please refer to terms and conditions for more details.

**From now on until 31 December 2022, successful WeLab Bank loan applicants with an approved loan of minimum of tenor of 24 months can enjoy up to HKD 13,888 cash rebate if the loan is drawn down within 7 days after approval. The cash rebate amount will be credited into the Core Account on or before 30 April 2023. Please refer to terms and conditions for more details.

^The Promotion runs from 1 April to 31 December 2022. Within the Valid Period, Eligible Customer will receive a monthly cash rebate (“Interest Rebate”), amount of which shall be equal to: Applicable Deposit Balance of the respective preceding calendar month x Rebate Rate. In which: (a) Applicable Deposit Balance of a calendar month shall be the monthly average of the day-end available balances of the Eligible Customer’s Core Account in HKD for each day in the respective calendar month (balances of any other currencies in the Eligible Customer’s Core Account are not included) capped at HKD 300,000 or 50% of the outstanding amount of the Loan based on the last day of that calendar month (whichever is lower). (b) Rebate Rate shall be equal to 0.68% deducting the basic interest rate applicable to the Core Account of the Eligible Customer (“Core Account Interest Rate”). You are only entitled to this Core Account Interest Rate after drawdown of WeLab Bank loan. However, in any event, the sum of Rebate Rate and Core Account Interest Rate shall not exceed 0.68%. Please refer to terms and conditions for more details.

How to join WeLab Bank Personal Loan “R-Friend Referral” Campaign?

All WeLab Bank customers are eligible for the campaign by making referrals with their unique referral codes. If you aren’t our customer yet, simply open an account during the Campaign Period and you’ll have your own referral code and can join the campaign!

To start referring, simply log in to WeLab Bank app and click the "Referrals" icon.

Who is my Referee?

Any WeLab Bank existing customer who successfully applies for WeLab Bank Personal Instalment Loan or WeLab Bank Debt Consolidation Loan (together, “WeLab Bank Personal Loan”) using your referral code and drawdown the loan within 7 days after approval is your Referee.

Or, any WeLab Bank new customer who successfully opens an account using your referral code, applies for WeLab Bank Personal Loan, and drawdown the loan within 7 days after approval is your Referee.

Please note that, joining this campaign will mean you and your Referee confirm that you are of friends / relatives relationship, and you have not charged your Referee any fee related to the loan applied.

What is the referral reward?

During the Campaign Period, you can enjoy HKD 800 Referral Reward* if you have successfully referred your Referee to apply for WeLab Bank Personal Loan using your unique referral code and drawdown the loan within 7 days after approval. The more friends you referred, the more rewards you get!

What is the maximum referral reward?

You can earn a maximum of HKD 8,000 reward (that is up to 10 successful referrals!) during the Campaign Period.

When will I receive the referral reward?

The referral reward will be credited into your Core Account within 15 days from the date of loan drawdown of your referee.

What if my friends didn’t drawdown the loan eventually?

You will no longer be able to get the rewards.

What if my friend forgot to enter my referral code?

If your friend did not enter your referral code during the account opening process / loan application process, you will no longer be able to get the rewards.

💥💥Remember to remind your friend to enter your referral code during the account opening process (if your friend is a WeLab Bank New Customer) / during the loan application process (if your friend is a WeLab Bank Existing Customer)!

Can I close my account right after receiving the referral reward?

If you request to close our account within one year upon receiving the referral reward, we have the right to deduct the equivalent credited amount from your account prior to the closing of account or collect the equivalent amount from you through any other means.

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*Terms and Conditions for WeLab Bank Personal Loan “R-Friend Referral” Campaign