Mortgage Loan and Renovation Loan Terms & Conditions
- Standard Terms and Conditions Applicable to Banking Facilities Granted by DBS Bank Ltd Secured by Mortgage of Residential Property and/or Commercial Property (with effect from 1 June 2021)
- Standard Terms and Conditions Relating to Renovation Loan Granted by DBS Bank Ltd
Update to Residential and Commercial Property Loan Standard Terms and Conditions
Please refer to the following updates with effect from 1 June 2021:
Clause | Purpose of update |
---|---|
| Update for clarity |
| Update “Bankruptcy Act” to "Insolvency, Restructuring, and Dissolution Act” |
| When reference rate is negative, it shall be floored to zero for that interest period |
| Notify you 30 days before implementing any changes, taking into consideration market conditions and in the event of unavailable reference rate |
| Notify you 30 days before implementing any changes |
| Shorten full redemption notice from 3 months to 2 months |
| Shorten discharge of mortgage notice from 3 months to 2 months |