Tesla Financing

Tesla is partnering with OCBC Wing Hang Bank, ORIX, Fusion Bank and WeLab Bank to provide Tesla car owners a comprehensive financing product.

OCBC Wing Hang Bank provides Tesla customers with competitive loan interest rates either for personal or commercial use, and the loan amount can be as high as 100% of the car price.

ORIX combines a low fixed rate with no setup or monthly account keeping fees for both personal and commercial approved applicants.

Fusion Bank provides a low-interest unsecured loan exclusively for Tesla car purchasers, where you can complete the whole loan application process on the Fusion Bank App, and get speedy approval of your loan application with just a few steps.

WeLab Bank allows Tesla car purchasers to borrow smartly with their unsecured personal installment loans. You can complete the loan application as fast as in 3 steps and get your loan in 1 day at the earliest* on the WeLab Bank App effortlessly.

* The estimated period is calculated from the day the loan agreement is signed. The actual approval period and the actual time the loan is disbursed may vary upon information provided by the applicants.

Frequently Asked Questions

How do I apply for Tesla Financing?

You can simply fill in the basic information and choose a financial plan through the OCBC Wing Hang Bank website after ordering your Tesla and obtain the preliminary approval result immediately.

You can apply for Tesla Financing via your Tesla Account after placing your Tesla order. To progress your application efficiently, you may be asked by ORIX to provide supporting documents.

If you plan to apply for a loan from Fusion Bank for the financing of your Tesla, you are required to open a Fusion Bank account to apply for the Tesla Car Owner Loan through Fusion Bank App. For details, refer to the Fusion Bank Website.

If you plan to apply for a loan from WeLab Bank, you have to do it on the WeLab Bank app with a promo code starting with “TE”. For details, please refer to the WeLab Bank Website.

When do I apply for Tesla Financing?

Customers can apply for financial services and submit documents through the OCBC Wing Hang Bank website after ordering your Tesla. Approved loan applications are valid for up to 90 days.

We recommend you commence your Tesla Finance application as early as possible via your Tesla Account to ensure ample time to provide approval documentation. ORIX can hold approvals for up to 60 days from application.

For Fusion Bank, please note that if the approved credit limit is not accepted, the approved credit limit will be cancelled after 30 days.

For WeLab Bank, approved loan applications are valid for up to 30 days.

What products are available via Tesla Financing?

OCBC Wing Hang Bank has extensive auto loan experience and market leadership. We provide Tesla customers with different financial plans, including leasing plan and hire-purchase plan, and meet the needs of different customers with competitive interest rates. Please refer to the OCBC Wing Hang Bank website for details.

ORIX offers a range of products to support both individual and corporate applications. Please refer to a brief overview of each product below. To understand more and which products are available to you, ORIX can support upon application.

  • Tesla Value Loan Program (TVLP)
    A program built specifically for Tesla owners offering reduced monthly payments over a three year commitment. With a competitive rate and no hidden fees, you have complete flexibility at the end of the term. You may also finance the first year of your InsureMyTesla premium.
  • Financial Lease
    Maximum finance ratio up to 100% of your Tesla at a competitive interest rate, with regular monthly payments and a flexible term up to 5 years. You may also finance the first year of your InsureMyTesla premium.
  • Hire Purchase

    ORIX offers a range of products to support both individual and corporate applications. Please refer to a brief overview of each product below. To understand more and which products are available to you, ORIX can support upon application.

    • Tesla Value Loan Program (TVLP)
      A program built specifically for Tesla owners offering reduced monthly payments over a three year commitment. With a competitive rate and no hidden fees, you have complete flexibility at the end of the term. You may also finance the first year of your InsureMyTesla premium.
    • Financial Lease
      Maximum finance ratio up to 100% of your Tesla at a competitive interest rate, with regular monthly payments and a flexible term up to 5 years. You may also finance the first year of your InsureMyTesla premium.
    • Hire Purchase
      No additional down-payment required. Finance your Tesla at a competitive interest rate, with regular monthly payments and a flexible term up to 5 years. You may also finance the first year of your InsureMyTesla premium.

Fusion Bank provides you with the Tesla Car Owner Loan, the whole application process from application to loan disbursement can be completed on the Fusion Bank App. Tesla Car Owner Loan is an unsecured loan product with repayment in monthly installments and does not require collateral or provision of Vehicle Registration Document. For details, please refer to the Fusion Bank Website.

WeLab Bank offers unsecured loans to Tesla purchasers. You can enjoy flexible terms without collateral or Vehicle Registration Document. Enjoy the ultimate flexibility and convenience for your loan by completing the whole process in WeLab Bank app. There is no handling fee. Other than personal loan offer, Tesla customers can enjoy exclusive offers of other financial products/services. For details, please refer to the WeLab Bank Website.

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

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