Why should I choose to purchase Apple products with the WeLab Bank Subscribe+ for Apple Products? How different is the program from other credit products in the market such as credit card instalment or buy now pay later (BNPL)?
WeLab Bank Subscribe+ is a credit product in form of a revolving credit facility. After you have successfully applied for the credit line once, you can make multiple Apple product purchases without additional application required, at any eligible outlets of our strong reseller network (More to onboard soon!). A key highlight is that, if you purchase an Apple product with assigned maximum trade-in value, monthly instalment amount will be calculated after deduction of the maximum trade-in value of such product. Final instalment amount includes monthly instalment amount and the estimated maximum trade-in value of the product. Upon maturity of the fixed payment term, you can either keep or trade in the device where upon assessment, device's actual trade-in value will be used to offset, in part or in full, the maximum trade-in value included in the final repayment of your Instalment Loan.Please note that maximum trade-in value is not a guarantee to the actual trade-in value of your device, which will vary depending on actual condition of the device and the valuation of the trade-in service provider.
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