1. The Pre-Qualified Auto Financing Cashback Promotion (the “Promotion”) is available from the date of the direct mailer or email extending an invitation to you to participate in this Promotion (the “Invite”) to the day before the date falling 6 months from the date of the Invite (both dates inclusive) (the “Promotion Period”). This Promotion is not transferable, and is only open to the customers of the Bank who have received this Invite from the Bank (“you”). By submitting a copy of the Invite with a new application as per Clause 2(a) below, you agree to be bound by these terms and conditions.

Eligibility

2. You will qualify for this Promotion if you meet all the following criteria:
   1. You submit a new application for Auto Financing loan offered by Standard Chartered Bank (Singapore) Limited (“Bank” and the application, the “New Application”) within the Promotion Period. Please note that your New Application remains subject to the Bank’s final review and the Bank has the right to determine whether your New Application will be approved in its sole discretion;
   2. Your New Application is submitted through one of our preferred auto dealers. Please visit www.sc.com/sg/auto-dealers for a list of our preferred dealers;
   3. Your New Application is submitted in accordance with Clause 2(b) above together with a copy of the Invite. For the avoidance of doubt, if your New Application was approved, but a copy of the Invite was not submitted to the Bank together with your New Application, you will not be eligible for this Promotion;
   4. The Loan Amount (as defined at clause 2(g) below) is at least S$30,000. For the avoidance of doubt, if the loan amount is below the minimum loan amount, you will not be eligible for this Promotion;
   5. Your New Application is submitted and our prevailing interest rates applicable at the date of submission of the New Application will be applied to the Loan Amount (as defined at clause 2(g) below). For avoidance of doubt, if you choose to apply and any other special interest rate or discounted rate offered by us at our preferred dealers is applied to the Loan Amount (as defined at clause 2(g) below), you will not be eligible for this Promotion. Please note that our prevailing interest rates are subject to change from time to time, with or without prior notice;
   6. Your New Application is subject to compliance with all relevant prevailing regulatory requirements;
   7. Your New Application is approved by the Bank, and the approved loan amount in respect of the New Application (“Loan Amount”) is disbursed
   8. Before the Loan Amount is disbursed, the Bank and you enter into a new hire-purchase agreement in respect of the New Application that is approved by the Bank; and
   9. Your Auto Financing loan obtained pursuant to this Promotion must not be terminated before the Eligible Cashback (as defined in clause 3 below) is credited in accordance with Clause 4 below.

Promotion Mechanics

3. If you satisfy the qualifying criteria set out in Clause 2 above, you will be eligible to receive a cashback (the “Eligible Cashback”) as set out in the table below, corresponding to the relevant Loan Amount that is disbursed (as set out in the top row):

Note: The Eligible Cashback amount will be considered as a rebate and reflected as a reduction in the Total Cash Price Of Vehicle indicated on the new hire purchase agreement (referred to at clause 2(h) above).

4. The Eligible Cashback will be credited to a credit card account you hold with the Bank after three (3) months from the disbursement of the new Auto Financing Loan applied for pursuant to this Promotion. The credit card account must be valid at the point of crediting of the Eligible Cashback (i.e. must not be suspended, cancelled, and/or terminated), in good standing, and conducted in a proper and satisfactory manner, as determined by the Bank in its sole and absolute discretion (and the Bank shall not be obliged to disclose its reason). If you hold more than one credit card issued by the Bank, the Eligible Cashback will be credited into any one of your credit card accounts at the sole discretion of the Bank.
5. The reference to a “pre-qualified” auto financing loan means that you have been assessed to be eligible for an auto financing loan based on your latest income records with the Bank. For the avoidance of doubt, you are still required to provide all required supporting documents as listed in the “Important Information Document” section of the Application Form, including your latest income documents, as part of the submission of your New Application.
6. The “pre-qualified” auto financing loan you apply for in accordance with Clause 2 above is subject to the Bank’s successful review of your income documents and Credit Bureau information at the point of submission of your New Application.

General

7. Unless otherwise stated, this Promotion is not valid with other offers, discounts, rebates, vouchers, privileges, or promotions. For the avoidance of doubt, if you attempt to utilise this Promotion and submit a New Application for a new auto financing where the interest rate applicable for the new auto financing is a special interest rate or discounted rate offered by any specific auto dealer, you will not be eligible for this Promotion.
8. The Eligible Cashback is strictly non-assignable, non-transferable and non-exchangeable (for cash or credit or otherwise).
9. The Bank reserves the right to vary, modify, revise, add or delete any of these terms and conditions, including modifying, terminating, shortening, extending or withdrawing the Promotion and/or replacing or substituting the Eligible Cashback 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.
10. 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. determining if a credit card account is eligible to be credited with the Eligible Cashback;
    3. your eligibility to receive any cashback under this Promotion; and/or
    4. calculation of the cashback you receive under this Promotion.

The Bank’s determination of all matters relating to this Promotion shall be final and binding and no correspondence will be entertained.

11. 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, possession, use or misuse of the Eligible Cashback.
12. 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.
13. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to this Promotion, these terms and conditions shall, to the extent of such inconsistency, prevail.
14. 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 any provision of the Current Agreement (as defined in the Invite) or the new hire-purchase agreement entered in respect of the New Application.
15. Please read these terms together with our Customer Terms, Auto Financing Terms and any other product terms that may be applicable in conjunction with this Promotion (collectively, “Other Terms”). If there are any inconsistencies between these terms and the Other Terms, these terms prevail only to the extent of such inconsistencies.
16. The terms of this Promotion set out herein are governed by and shall 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.
17. A person who is not a party to the terms of this Promotion has no rights under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms of this Promotion.
18. Unless otherwise defined in this Promotion, all expressions used in this Promotion shall have the same meaning given to them in the Customer Terms, Auto Financing Terms and the Invite (as applicable).
19. All information is accurate at the time of publication.