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[1] The WeLab Bank x SmarTone Referral Code Account Opening & Loan Drawdown Reward Offer (“Offer”) shall be valid from 10 August 2021 to 31 August 2021 (both dates inclusive) (the “Offer Period”), unless otherwise specified by us.

[2] The Offer is only applicable to new customers (“you” or “your”) who have successfully opened a bank account at Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) using the referral code “JASMRT” within the Offer Period. To be a new WeLab Bank customer means you have not terminated and/or closed your WeLab Bank account in the twelve (12) months prior to the commencement of the Offer Period.

[3] New customers who have successfully applied for GoFlexi Personal Instalment Loan (“Loan”) in accordance with the GoFlexi Personal Instalment Loan Terms and Conditions within the Offer Period at WeLab Bank  and draws down the Loan within 7 days after approval with a minimum drawdown amount of HKD 80,000 and a minimum tenor of 24 months can enjoy up to HKD 1,000 account opening and loan drawdown reward (“Reward”). Details of the eligibility for the Cash Rebate are set out in the table below:



[4] The Reward amount will be credited into your Core Account within 15 working days from the date of disbursement of your Loan.

[5] This Offer can ONLY be used in conjunction with GoFlexi cash rebate promotion.

[6] You may only use one (1) referral code when opening a WeLab Bank account, and you will only be entitled to the Reward which corresponds with the referral code used. This Offer cannot be used in conjunction with other referral programmes which means if you have input any other referral codes when you apply for your WeLab Bank account, then you are not entitled to the Reward under this Offer.

[7] You agree and acknowledge that you are not entitled to receive any Reward if you close your Core Account at any time or repay the loan before the Reward amount is credited into your Core Account.

[8] In the event that you repay the outstanding loan of your GoFlexi Personal Instalment Loan in full prior to the loan’s final repayment date, we shall not credit the Reward or where the Reward has been credited, we reserve the right to debit the Reward directly from your Account (including but not limited to your Core Account) without prior notice and/or take such necessary legal action to recover any outstanding amounts.

[9] The Reward (if applicable) cannot be transferred, returned, exchanged, or converted into other forms, unless otherwise specified by us.

[10] Your eligibility to participate in this Offer is subject to our final approval at our absolute discretion. Our decision shall be conclusive and binding.

[11] Any breach of applicable laws or regulations, fraud, abuse and/or non-compliance by you (as determined at our sole discretion) will result in forfeiture of your eligibility to participate in the Offer and/or suspension or termination of all or any of your Account with us. We shall not credit the Reward or where the Reward has been credited, we reserve the right to debit the Reward from your Account (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.

[12] These Offer terms and conditions shall be read in connection with our Account Terms (the “Account Terms”) and the GoFlexi Personal Instalment Loan Terms and Conditions. In the event of inconsistency between these Offer terms and conditions, the Account Terms, and the GoFlexi Personal Instalment Loan Terms and Conditions, the prevailing order shall be as follows:

1.these Offer terms and conditions;

2.the GoFlexi Personal Instalment Loan Terms and Conditions; and

3.the Account Terms.

[13] Terms defined in our Account Terms and/or the GoFlexi Personal Instalment Loan Terms and Conditions shall have the same meanings when used herein, unless otherwise defined.

[14] We reserve the right to suspend, modify or terminate this Offer and/or amend these Offer terms and conditions at any time. In the event of dispute, our decision shall be final, conclusive and binding.

[15] In the event of discrepancies and or inconsistencies between the English and Chinese versions of these terms and conditions, the English version shall prevail.

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

Effective date: 10 August 2021