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    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

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      Important Information

      Amendments to Mortgage Facility Terms – Effective 25 August 2020

      We are making changes to the Mortgage Facility Terms to clarify the following:

      1. The interest rate may be based on or may reference a base lending rate. If the relevant base lending rate is less than zero, the base lending rate shall be deemed to be zero;
      2. You must pay interest on the loan monthly in arrears (or as otherwise set out in our letter of offer) at the rate set out in the letter of offer, which is the aggregate of the applicable base lending rate and the loan or overdraft margin that are set out in the letter of offer, or any other rate that we determine; and
      3. Unless otherwise stated in our letter of offer interest is charged to your account on the last day of each month, instead of the last business day of each month, and on the day when all amounts owing in connection with the mortgage facility are finally paid.”

      In addition, we will be setting out some of the base lending rates that we use and the meaning of two key words, namely, “SIBOR” and “SOR”.

      These changes will take effect on 25 August 2020 (inclusive of this date) (“Effective Date”).

      A summary of the changes to the Mortgage Facility Terms is set out below:

      • We will be adding a new sub-clause to Clause 9 of the Mortgage Facility Terms which will read as follows:

      9.1 The interest rate may be based on or may reference a base lending rate. The base lending rates we use include, but are not limited to, the:

      – SIBOR;

      – SOR; and

      – Fixed Deposit Rate.

      If the SIBOR, SOR, Fixed Deposit Rate or such other relevant base lending rate is less than zero, the base lending rate shall be deemed to be zero.

      • Clause 9.1 of the Mortgage Facility Terms will be amended and renumbered as Clause 9.2 of the Mortgage Facility Terms, as follows:

      9.2 You must pay interest on the loan monthly in arrears (or as otherwise set out in our letter of offer) at the rate set out in the letter of offer, which the aggregate of the applicable base lending rate and the loan or overdraft margin that are set out in the letter of offer, or at any other rate we determine. Despite the terms of our letter of offer, the interest rate we charge cannot be less than 0% per annum at any time.

      • Clauses 9.2 to 9.8 of the Mortgage Facility Terms will be renumbered accordingly.
      • In addition to renumbering Clause 9.4 of the Mortgage Facility Terms as Clause 9.5 of the Mortgage Facility Terms, we will be deleting the word “business” from Clause 9.4 of the Mortgage Facility Terms such that the new Clause 9.5 of the Mortgage Facility Terms will read as follows:

      9.5 Unless otherwise stated in our letter of offer interest is charged to your account on the last day of each month and on the day when all amounts owing in connection with the mortgage facility are finally paid.

      • The following will be added to the end of “Part D – Meaning of words” of the Mortgage Facility Terms:

      SIBOR means Singapore Interbank Offered Rate

      SOR means Swap Offer Rate

      Where do I preview or obtain a copy of the revised terms?

      Please click here for a preview of our revised Mortgage Facility Terms.

      From the Effective Date (inclusive of this date), you may visit any of our branches or call our 24-hour Client Contact Centre at +65 6747 7000 to request for a hard copy of our revised Mortgage Facility Terms.