1. This Standard Chartered Tesla FlexiHP Promotion (“Promotion”) is available from 1 May 2022 to 30 Jun 2022 (both dates inclusive) (this “Promotion Period”). By participating in this Promotion, you agree to be bound by these terms and conditions.

 Eligibility criteria

2. To qualify for this Promotion and receive the Early Full Settlement Fee Waiver (as defined at Clause 3) below, you will need to meet all the following criteria:
   1. You must have submitted an application for Auto Financing at a flat interest rate of 1.48% to Standard Chartered Bank (Singapore) Limited (the “Bank”) within the Promotion Period (“Auto Loan Application”);
   2. Your Auto Loan Application is submitted for the purpose of financing the purchase of a new vehicle which is of the make and model that is set out in Table A below (“Eligible Vehicle”).The Bank reserves the right to add or remove vehicle makes and vehicle models from Table A in its sole and absolute discretion.
      Table A:

      Vehicle make	Vehicle model (includes all model sub-variants)
      Tesla	Model 3

   3. You enter into a hire purchase agreement with the Bank pursuant to the Auto Loan Application (“HPA”);
   4. You exercise your right to terminate the hiring and complete the purchase of the goods (as defined in the Bank’s Auto Financing Terms) specified in the aforementioned HPA, before the expiration of the hire period (as specified in the HPA), and on a date which is more than 24 months from the commencement date (as specified in HPA).

Promotion Mechanics and awarding of Early Full Settlement Fee Waiver

3. If you satisfy all of the qualifying criteria set out in Clause 2 above, you will be eligible to receive a one-time full waiver of your early completion fee (as defined in the Bank’s Auto Financing Terms) in respect of the goods (as defined in the Bank’s Auto Financing Terms) specified in the aforementioned HPA (“Early Full Settlement Fee Waiver”). This is further depicted in the illustration below. Accordingly, your quotation for early full settlement amount will exclude the early completion fee as specified in “3 Early Completion” of the HPA and you will not need to pay this fee.
   

   Illustration	Scenario A	Scenario B
   Date of early full settlement	25 months from commencement date	23 months from commencement date
   Early Full Settlement Fee Waiver	Yes	No

   The above illustration shows 2 scenarios for the early termination of hiring for an HPA taken up to finance the purchase of a Tesla Model 

4. The Bank reserves the right not to award you the Early Full Settlement Fee Waiver under this Promotion:
   1. in the event that the Bank determines that any of the requirements or the terms of our banking agreement has not or had not been complied with;
   2. where you have acted fraudulently or dishonestly;
   3. where you have conducted yourself in bad faith or otherwise in an inappropriate manner to gain an unfair advantage against the Bank; or
   4. upon the occurrence of any event giving rise to a right for the Bank to suspend or terminate any (or all) of our banking agreement for a product, as set out at Clause 29.3 and Clause 33 of our Customer Terms and elsewhere in our banking agreement.
5. You further agree that, under any of the circumstances stated at Clause 4 above, the Bank is not obliged to substitute the Early Full Settlement Fee Waiver with cash or a gift or any other item.
6. The Early Full Settlement Fee Waiver accorded under this Promotion is not exchangeable for cash or any other items and is non-transferable and non-assignable.

General

7. The Bank reserves the right to amend, vary, modify, revise, add and/or delete any of these Promotion Terms and Conditions and/or modify, terminate, shorten, extend or withdraw this Promotion and/or replace or substitute the Early Full Settlement Fee Waiver with any other item (which may or may not be of equivalent or similar value), at any time, without prior notice or reason and the Bank shall not be obliged to disclose its reason.
8. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with this Promotion, including:
   1. your eligibility to participate in this Promotion;
   2. your eligibility to receive the Early Full Settlement Fee Waiver pursuant to this Promotion; and
   3. calculation of the amount of the Early Full Settlement Fee Waiver that is accorded to you pursuant to this Promotion.

   The Bank’s determination of all matters relating to, arising out of and/or in connection with this Promotion shall be final and binding and no correspondence will be entertained.

9. Except for death or personal injury caused by the negligence of the Bank, to the fullest extent permitted by law, the Bank and members of the Bank’s group shall have no liability in respect of, and will be indemnified from and against, any liability, loss, claim, damage or costs of any kind (including legal costs) to any person or entity, in whole or in part, directly or indirectly, whether by reason of the acceptance, use or misuse of the Early Full Settlement Waiver.
10. By participating in this Promotion, you consent to the use of your personal data for marketing purposes, including but not limited to the use of your telephone number to contact you about products and promotions offered by the Bank from time to time via telephone, SMS or multimedia messaging. Such consent will also prevail even if you are registered or subsequently register your contact information with the national Do Not Call Registry.
11. In the event of any inconsistency between these Promotion Terms and Conditions and any brochures, marketing or promotional materials relating to this Promotion, these Promotion Terms and Conditions shall, to the extent of such inconsistency, prevail.
12. Please read these Promotion Terms and Conditions together with our Customer Terms, and Auto Financing Terms (collectively, “Other Terms”). If there is any inconsistency between these Promotion Terms and Conditions and the Other Terms, these Promotion Terms and Conditions shall, to the extent of such inconsistency, prevail.
13. A person who is not a party to these Promotion Terms and Conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of these Promotion Terms and Conditions.
14. These Promotion Terms and Conditions and any dispute or claim arising out of or in connection with these Promotion Terms and Conditions, shall be governed by and are to be construed in accordance with, the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.
15. All information is accurate at the time of publication.
16. If any of the provisions above shall be, or at any time shall become invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not in any way affect or impair any other provisions set out above or the new hire purchase agreement entered into pursuant to the Auto Loan Application.