Application for POSB Loan Assist Plus by nyut545e2


									                                                                                                                                                                                                     Annual income
                                                                                                                                                                                                  S$20,000 – <S$30,000

Application for POSB Loan Assist Plus
 Eligibility                                                                                                               Important information to take note:
 You must be a Singaporean or Permanent Resident between 21 and 70 years of age residing                                        • Processing fee of 3% and Insurance fee of 1% each will be deducted upfront
                                                                                                                                  from the approved loan amount.
 in Singapore and earn a gross annual income of at least S$20,000 p.a. - < S$30,000 p.a.
                                                                                                                                • A penalty fee of 1.5% of the outstanding loan amount is payable if the loan is
 Existing DBS Cashline and POSB Loan Assist customers will not be eligible for                                                    fully prepaid within the first year.
 POSB Loan Assist Plus.                                                                                                         • The effective interest rate for POSB Loan Assist Plus is 24.91% (1 year), 21.57% (2 year),
                                                                                                                                  21.74% (3 year), 20.75% (4 year) and 20.01% (5 year).
 Please allow 1-2 weeks for processing. Applications not accompanied with required                                              • POSB will only process applications that meet the bank’s internal requirements.
 documents or with incomplete information will result in a delay in processing.                                                 • POSB will be unable to process this application if the Cash in 5 mins system is
                                                                                                                                  unavailable at the point of application.
     Please submit all documents with this application form.
     Required documents
     For Salaried Employees
     • NRIC (front and back), AND either a OR b OR c
       a latest 12 months' CPF Contribution History Statement^
       b latest computerised payslip
       c latest 6 months’ bank statement reflecting salary                on:
          credited to bank account
                                                                                                                                              AIR       EIR
     For Commissioned or Variable Income Earners                                                                                            (% p.a.)1 (% p.a.)2
     • NRIC (front and back), AND either a OR b OR c
       a latest 12 months' CPF Contribution History Statement^                                                                                 10         24.91
       b latest 3 months’ computerised payslips                                                                                                10         21.57
       c latest 6 months’ bank statement reflecting salary credited to bank account
                                                                                                                                               11         21.74
     For Self- Employed
     • NRIC (front and back), AND                                                                                                              11         20.75
       a latest 2 years' Income Tax Notice of Assessment **
                                                                                                                                               11         20.01

     ** You can now print your Income Tax Notice of Assessment at myTax Portal with your
     SingPass or IRAS PIN. The service is free. Log on to for more details.

 My Personal Details                                                                                                            My Work Details
Title:                              Dr              Mr                Mrs                Miss                Mdm           Company Name:
Name (as in NRIC):

                                                                                                                           Company Address (Please do not give a P.O. Box or foreign address):
NRIC No.:                                                    Gender:                     Male              Female
                                                                                                                           Block                                                            Unit #             –
Date of Birth: (dd/mm/yyyy)                         /             /

Nationality:                    Singapore Citizen                                                                                                                                      Postal Code
                                Singapore PR, Nationality:
                                                                                                                           Current Position:
Marital Status:           1     Single          2       Married
                          3     Divorced                Others                                                             04       Executive                     05    Office Worker                19     Supervisor

No. of Dependants:                                                                                                         30       Technician                    28    Chef                         27     Teacher
                                                                                                                           06       Sales                         31    Telemarketer                 33     Driver
Education:                 03    University/Post-Grad                        05      Diploma Holder
                                                                                                                           32       Customer Service Support Staff                                   09     Blue Collar
06      Technical          07    ‘A’ Level                                   08      Secondary
                                                                                                                           10       Others
09      Primary            10    Others
Correspondence Address:                             Residential                     Office                                 Job Status:            E    Employee                        S    Self - Employed
Residential Address (Please do not give a P.O. Box or foreign address):                                                    c      Variable/Commission Earner                 Others

Block                                                                     Unit #              –                            Occupation:

                                                                                                                           Industry/Business Type:                 04   Banking & Finance            05     IT/Telco
                                                             Postal Code                                                   02      Building/Construction           20   Shipping/Transport           29     Travel Related
                                                                                                                           11      Government                      17   Manufacturing                23     Hotel/Restaurant
Home Tel:           6                                    Office Tel: 6
                                                                                                                           27      Retail                          19   Others
Mobile No:                                              (Mandatory field)
                                                                                                                           Length of Current Employment:                          Years                    Months
                                                                                                                           Name of Previous Company:
Residential Status:                           Self-Owned              S                  Mortgaged                M

                                                     Rent             R            Live with Parents              P

                                               Employer’s             E                       Others              O
                                                                                                                           Length of Previous Employment:                         Years                    Months
Residence Type:                                HDB                    HD                          Landed          LA

                              Condominium/Apartment                   CA                           Other          OT

Length Of Stay At Address:                     Years                         Months
                                                                                                                                                                                                          Please turn over...
Application for POSB Loan Assist Plus                                                                                   (continued)

                                                                                                 I agree not to terminate any GIRO facility or such other payment facility during
 My Financial Details                 (Provide income documents as stated)
                                                                                                 the tenure of the loan. However should there be such cancellation, I hereby
Monthly Salary                                        Other source(s) of Income                  consent to you reinstating my GIRO facility or such other payment facility,
                                                                                                 without notice or liability to any party.
S$                                                    S$
                                                                                                 Notwithstanding that my primary account may be operated by way of thumprint,
                                                                                                 by submission of this application form via mail, fax or other such approved
 My Other Credit Lines                                                                           modes of communication, I hereby authorise you to act upon my instructions
                                                                                                 in such application.
Bank                        Credit Limit                      Outstanding Balance (if any)
                                                                                                 I agree to abide and be bound by your Standard Terms and Conditions Relating
                                                                                                 to POSB Loan Assist Plus granted by DBS Bank Ltd. as may be amended and
                                                                                                 supplemented from time to time ("Terms"). A copy of the Terms is available
                                                                                                 from any POSB/DBS branch or by calling telephone number (65) 6339 6666. A
                                                                                                 copy of the Terms, together with the Approval Letter, will be sent to me and
 My Financial Commitment                                                                         constitute the whole agreement between us in relation to the loan if this
                                                                                                 application is approved.
Other Financial Institution
                                                                                                 I instruct and authorise you, upon approval of this application, to:-
                                                                                                 a) deduct upfront from the loan, upon disbursement, a processing fee of 3% of
Type of loan:                                 Loan Amount:                                          the approved loan amount and the insurance premium of 1% of the
                                                                                                    approved loan amount payable for my comprehensive life, or total and
Security:                                     Monthly Repayment:
                                                                                                    permanent disability insurance coverage;
2.                                                                                               b) credit the net proceeds of the loan to my designated account which I
Type of loan:                                 Loan Amount:                                          maintain with DBS Bank; and
                                                                                                 c) debit the monthly instalment amounts and accrued interest and all other
Security:                                     Monthly Repayment:
                                                                                                    monies due and payable by me to DBS Bank from such account as may be
                                                                                                    designated by me or any other account(s), which I maintain with DBS Bank
 My Loan Request                                                                                    singly or jointly with any other person on a joint alternate basis, without prior
                                                                                                    notice to me.
Loan Amount Required: S$
                                    (POSB Loan Assist Plus - min. loan amount: S$3,000)          Applicant’s Signature
                                                                                                 Please sign as per your POSB/DBS account
The bank may grant a lower limit which may differ from what                                      (for thumbprint account, please visit any POSB/DBS branch to have your signature verified):
is requested.
                                                                                                                                                                            For Bank Use
Please refer to Loan Tenure Table for the minimum and maximum loan tenure                                                                                                   Spec No:
with each corresponding loan amount required.

Loan Tenure:          12 mths (C70010)               24 mths (C70010)         36 mths (C70011)                                                                              Initial:
                      48 mths (C70011)               60 mths (C70011)
                                                                                                  X    Sign here
(POSB Loan Assist Plus: min. loan tenure 12 mths and max. loan tenure 60 mths)                   Name:

Please provide your POSB/DBS bank account for crediting of your loan amount                      NRIC No:                                              Date:
and debiting of monthly instalment.

 For Bank Use
 7171                    (Joint All, Trust and SAYE accounts not permitted)                      Code: 05-LPB9SN3300-V

 Declaration          (Please read before signing)                                                For Bank Use                                                                         CMS411 00

                                                                                                  CDM              2    Ø    Ø                                                         1ØØ/CT491

                                                                                                                                                                                                   Oct 09
I understand that where I nominate my joint-alternate account to facilitate the
crediting/debiting of my loan, any funds within the account for this purpose may                  F($)M:                           V($)M:              F($)C:              V($)C:
be accessible and/or withdrawn by the other account holder(s) without my
                                                                                                                                                                                                   POSB Biz Reg. No. 52880148A

                                                                                                  EL($)M:                          EL($)C:             DBS($):             RL($):
consent, and DBS shall not be liable for such access/withdrawal.
                                                                                                  Instal($):                                  Repay mth: 12 & 24 (C70010), 36, 48 & 60 (C70011)
I understand that in the event of my loan is not approved, I may choose to close
the account that was opened solely to facilitate the crediting and debiting of the
loan amount.                                                                                      AF               AP       DC (     )   WD    DP
I understand that you reserve the right to decline this application without giving                CDM
any reason whatsoever.
I hereby declare and warrant that the information given in this application and
all documents submitted to you are complete, true and accurate and belong to
you absolutely and that I have not wilfully withheld any material fact. If any of
the information given herein changes or becomes inaccurate in any way, I shall
immediately notify you of any such change and/or inaccuracy.
I hereby authorise and give you consent to conduct credit checks on me
including but not limited to checks with any credit bureau recognised as such by
the Monetary Authority of Singapore and obtain and verify and/or to disclose or
release any information relating to me and/or any of my account(s) with you
from or to any other party or source as you may from time to time deem fit at
your own discretion and without any liability or notice to me.
I agree that you may send to me by ordinary mail or such other means at my sole
risk the Approval Letter, and all other documents and communications
addressed to me to any of my address(es) on DBS Bank's records as DBS Bank
may at its sole discretion select.
                                                                                                                                                                                1) Fold this in half with the

                                                                                                                                                                                                                How to use this postage-paid return envelope:
                                       3) Seal all 3 sides with glue,

                                                                                                                   2) Attach your supporting

                                                                                                                                                                                   mailing details exposed.
                                          documents and mail.
                                          encasing your supporting

                                                                                                                      documents within.
                                           Postage will be                                                    Postage will be                                               Postage will be
                                          paid by addressee,                                                 paid by addressee,                                            paid by addressee,
                                            For posting in                                                     For posting in                                                For posting in
                                           Singapore only.                                                    Singapore only.                                               Singapore only.

BUSINESS REPLY SERVICE                                                          BUSINESS REPLY SERVICE                                         BUSINESS REPLY SERVICE
  PERMIT NO.07040                                                                 PERMIT NO.07040                                                PERMIT NO.07040

      DBS Bank Ltd                                                                    DBS Bank Ltd                                                   DBS Bank Ltd
Bedok Central Post Office                                                       Bedok Central Post Office                                      Bedok Central Post Office
Locked Bag Service No.1                                                         Locked Bag Service No.1                                        Locked Bag Service No.1
   Singapore 914686                                                                Singapore 914686                                               Singapore 914686
                 glue on all 3 sides

                                                                             Please fold along dotted line

                                                                        BUSINESS REPLY SERVICE
                                                                          PERMIT NO.07040

                                                                              DBS Bank Ltd
                                                                        Bedok Central Post Office
                                                                        Locked Bag Service No.1
                                                                           Singapore 914686

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