尊敬的客户：
为了给您提供更加优质的服务，我行修订了现有的《Standard Terms and Conditions Governing Facilities Secured by Mortgage of Residential Property and/or Commercial Property》进行修订，并将于2025年6月1日起生效。具体修订内容如下：
2.Definitions and Interpretation
"Facility" means the banking facilities granted under the Letter of Offer including the Housing Loan, Commercial Property Loan, Term Loan, Bridging Loan and the Overdraft Facility (if any) and any other additional or further banking facilities that may be granted or made by us to you from time to time on the terms and conditions stated in the Letter of Offer and these Conditions, and such other terms and conditions as we may decide at our sole discretion;
"Home Protection Scheme" or "HPS" means the home protection insurance scheme established and maintained by the CPF Board under section 29 of the CPF Act;
7. Repayment
7.2The monthly instalment repayments in relation to the Housing Loan, Commercial Property Loan and the Term Loan shall commence on the date to be determined as follows:
(a)If the Property is a HDB Flat and
(i)the first disbursement date is between the 1st and 15th day of a month (both dates inclusive), the 15th day of the next month: or
(ii)the first disbursement date is between the 16th and 31st day of a month (both dates inclusive), the 15th day of the following month after next from the first disbursement date.
(b) If the Property is not a HDB Flat and
(i) if the first disbursement date is between the 1st and 23rd day of a month (both dates inclusive), the corresponding date falling one (1) month from the first disbursement date; or
(ii) if the first disbursement date is between the 24th and 31st day of a month (both dates inclusive), the 15th day of the following month after next from the first disbursement date.
Thereafter, monthly instalments shall be made on the corresponding day of each subsequent month until the Housing Loan, Commercial Property Loan and the Term Loan are fully repaid.
7.3 Where the due date of any monthly instalment falls on a Saturday, Sunday or gazetted public holiday, the Account will be debited on the next Business Day.
7.4 You shall open and maintain the Account with us. We shall have the right to deduct from the Account on such date(s) due and payable the monthly instalments, the interest and/or any monies payable under or in respect of the Facility or pursuant to the terms of the Finance Documents and the Security Documents, including but not limited to commission, charges, fees, insurance premiums, expenses, GST and other taxes and levies. You shall ensure that the Account has sufficient funds for deduction before each of the due dates.
8. Prepayment
8.2Provided that no partial repayments may be made after a notice for full repayment has been given, you may partially repay the Facility, after you have given us one (1) month's notice in writing to us or paid one (1) month's interest instead of notice, by an amount of at least S$10,000.00 and any further amounts must be integral multiples of S$1,000.00 each or any such amount as we may determine from time to time.
8.3 If you repay the Facility fully or partially within the Initial Period, you must pay the Prepayment Fee and any other applicable fee on or before the date of the full repayment as stated in the Letter of Offer.
18. Insurance
18.6The sum insured under:
(a) the insurance of the Property shall be the reinstatement value of the Property, or at such other sum as we may from time to time determine;
(b) (If the Property is governed by the Land Titles (Strata) Act 1967 of Singapore), the insurance of the
Property shall be the reinstatement value of the Property or the amount of the Facility, whichever is lower or at such other sum as we may from time to time determine; or
(c) (If the Property is a HDB Flat) the insurance of the Property shall be at such sum as we may from time to time determine, in accordance with criteria including but not limited to the flat type of the Property.
22. Change of Law
If at any time we determine that it is unlawful or contrary to any directive requirement or request (whether or not having the force of law) of the Monetary Authority of Singapore, HDB, CPF Board or other governmental, fiscal or monetary or other authority or agency of any state, for us to maintain or give effect to our obligations as contemplated under these Conditions, under the Letter of Offer or the Security Documents and/or to charge or receive interest, fee or commission at the rate or rates applicable, we shall use our best efforts to fund you from other sources provided that this is not unlawful, failing which we shall forthwith give notice thereof to you, whereupon we shall be deemed discharged from our obligation under these Conditions, under the Letter of Offer or the Security Documents and you shall within 30 days of the receipt of notice to this effect, repay to us all moneys for the time being outstanding and unpaid and interest thereon accrued up to the date of payment and all other amounts or fees remaining unpaid.
39. Incorporation Of Usual Mortgage Terms
39.2 Without prejudice to the foregoing, these Conditions are in addition to the terms and conditions contained in our Bank’s
Memorandum of Mortgage filed in the Singapore Land Authority and numbered as IG/862631T and any amendments and/or supplements/variations thereto.
45. Consent to Disclosure
45.1 (b) the Commissioner of Stamp Duties, Registrar of Titles, Registrar of Deeds, statutory boards, CPF Board and/or any government agencies, officials, ministry, departments, courts or relevant bodies in Singapore or elsewhere, in connection with the Facility or the security under the Security Documents;
(k) any of our head office, branches, representative offices, subsidiaries or related corporations each a "Related Party") in any jurisdiction for purposes of credit exposure monitoring, data processing, cross selling or promoting to you products and services offered by us and such Related Party, and pursuing, on our behalf, further business opportunities;
(l) any of our agents, contractors, third party service providers or professional advisers, who provide administrative, telecommunication, computer, payment, collection, security, clearing, credit reference or checking, or other services or facilities to us relating to operation of our business whether in or outside Singapore;
(m) your spouse, child and/or parent in the event of your death where you are the sole Mortgagor;
(n) the holder(s) of the Account;
(o) credit or charge card companies in credit or charge card enquiries; and
(p) credit bureau that is recognised by the Monetary Authority of Singapore.
45.2Our rights under this Condition shall be in addition and shall not affect nor limit any of our other rights of disclosure which we may have under the Banking Act or any other laws. Our rights to disclose such information shall survive the termination of any or all of your Account(s) or the Facility and/or the termination of any relationship between you and us for any reason whatsoever.
50. If the Property is Owned by Any Other Person Who is Not the Borrower
50.1 If the Property is owned by you solely or jointly with the Mortgagor, the Mortgagor and you must agree to mortgage the Property in our favour to secure the Facility and stand as Guarantor for the Facility.
50.2 For the avoidance of doubt, the Mortgagor and you hereby agree that we may grant advances, loans, credit or banking facilities or other accommodation to the Borrower up to such amount and for so long as we think fit, without prior notice to or consent from the Mortgagor or you (which notice and consent the Mortgagor and you hereby expressly waive) and all such advances, loans, credit or banking facilities or other accommodation shall be secured by the Security Documents.
51. Discharge of Mortgage
If the Facility has been fully repaid or has been terminated and there is no other outstanding amounts owing to us, you are required to discharge the Mortgage. All costs and expenses relating to the discharge of Mortgage shall be borne by you. Unless otherwise specified by us, you are required to appoint a law firm to attend to the discharge of Mortgage, and to complete the said discharge no later than two (2) months from the date of our notice to discharge the Mortgage, failing which you shall pay us an administrative fee for safekeeping of the Title Documents and any other legal documents, applicable and prevailing at the time of such discharge of the Mortgage or such other amount as we may in our absolute discretion impose. We are not obliged to release any Title Document or any other documents to you unless such administrative fee and other expenses incurred by us have been paid in full.
修订后完整版内容详见附件。
如欲查询，请致电我行24小时卡中心热线 1800 338 5335（新加坡）或 +65-6338 5335 （海外）。
特此公告
中国银行股份有限公司新加坡分行
2025年4月28日
附件：
