Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR

*The annualized percentage rate (“APR”) of the Loan is fixed at 0%. Assuming the loan amount is HKD400,000 with a tenor of 36 months, the APR will be 0.00%. 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. Customers should refer to their loan confirmation letters for the relevant information and such information shall prevail. The APR is only applicable to designated loan amount and for reference only. The final approved interest rate will be subject to customer’s credit assessment and the Bank’s approval.

^Up to HKD 7,800 is the total maximum reward that you can get from Exclusive to selected customers - WeLab Bank X Tesla Mega Combo Offer. Terms and conditions apply. Please visit Terms and Conditions for more details.

1. During promotion period, WeLab Bank customers who have applied for WeLab Bank Personal Loan with "TWFREE" referral code, upon confirmation by Tesla Motors HK Limited, will be entitled to a 100% cash rebate using your WeLab Debit Card for eligible transactions conducted from the date of successful loan drawdown until the following 5th calendar month. Monthly capped at HKD500. The total rebate is capped at HKD3,000. You can only enjoy the promotion if the loan tenor is 36 months or below. The promotion is subject to a quota and is available on a first-come, first-served basis. Please visit Terms and Conditions for more details.
2. Based on the information from Tesla Motors HK Limited official website on 9th January 2023. Assume Tesla model is Model 3, charging fee is HKD 3.6 / 1KW, full charge requires 250KW and range is 547KM, HKD 3,000 rebate can be transferred to 1,823 KM miles. Numbers are for reference only, the actual miles being transferred may vary. It depends on the charging fee, car model, battery condition and usage.
3. During the promotion period, starting from the date on which you have drawn down the loan and the subsequent 11 calendar months, your Core Account deposit (daily balance up to HKD300,000) are entitled to the savings cash rebate. The amount of the rebate is calculated on the basis of simple interest and based on the special interest rate (your prevailing Core Account interest rate and the special interest rate amount to 1.5% in total). The promotion is subject to a quota and is available on a first-come, first-served basis. Please visit Terms and Conditions for more details
4. During the promotion period, WeLab Bank customers who have applied for WeLab Bank Personal Loan with "TWFREE" referral code, and successfully open an investment account and invest HKD 1,000 during the promotion period to enjoy Seed Money of HKD 300. The promotion is subject to a quota and is available on a first-come, first-served basis. Please visit Terms and Conditions for more details.
5. The number is derived based on the assumption that the other banks are offering 0.001% interest rate without any promotions
6. Allianz Global Investors is a leading active asset manager. For more details on the strategic partnership of WeLab-Allianz, please refer to the press release on WeLab official webpage.

#Saving here refers to saving deposit in the WeLab Bank Core Account. 。

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