Personal Loan Cash Rebate Offer (the “Promotion”) Terms and Conditions

[1] Unless otherwise stated, the Promotion runs from 1 April 2024 to 30 June 2024 (both dates inclusive) (the “Promotion Period”).

[2] Customers (“you” or “your”) who have successfully applied for WeLab Bank Personal Loan (“Loan”) in accordance with the WeLab Bank Personal Loan (Personal Instalment Loan & Card Debt Consolidation Loan) Terms and Conditions within the Promotion Period at WeLab Bank Limited (“WeLab Bank”, “we”, “our” or “us”) and draw down the loan (not applicable for reborrow/top-up of the Loan) within 7 days after approval with a minimum tenor of 24 months can enjoy up to HKD 13,888 cash rebate (“Cash Rebate”). Details of the eligibility for the Cash Rebate are set out in the table below:

[3] The Cash Rebate amount will be credited into your Core Account on or before 31 October 2024.

[4] In the event that you repay the outstanding loan of your Loan in full prior to the loan’s final repayment date, we shall not credit the Cash Rebate or where the Cash Rebate has been credited, we reserve the right to debit the Cash Rebate 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.

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

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

[7] 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 Promotion and/or suspension or termination of all or any of your Account with us. We shall not credit the Cash Rebate or where the Cash Rebate has been credited, we reserve the right to debit the Cash Rebate 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.

[8] We reserve the right to suspend, modify or terminate the Promotion and/or amend these terms and conditions at any time without prior notice. In the event of dispute, our decision shall be final, conclusive, and binding.

[9] These terms and conditions shall be read in conjunction with our Account Terms and the WeLab Bank Personal Loan (Personal Instalment Loan & Card Debt Consolidation Loan) Terms and Conditions. In the event of discrepancies or inconsistencies between these terms and conditions and the Account Terms and the WeLab Bank Personal Loan (Personal Instalment Loan & Card Debt Consolidation Loan) Terms and Conditions, these terms and conditions shall prevail.

[10] Terms defined in our Account Terms and/or WeLab Bank Personal Loan (Personal Instalment Loan & Card Debt Consolidation Loan) Terms and Conditions shall have the same meanings when used herein, unless otherwise defined.

[11] 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: 1 April 2024