Apply for OCBC Education Loan

Transcription

1 Apply for OCBC Education Loan All information is required unless stated. 1. Course details Mother s maiden name Mandatory for security verification purpose Name of education institution Marital status Married ending on DDMMYY Course duration Course fee 2. Loan details Loan amount minimum of S$1,000 months period of study Account to service your loan select one Link my existing OCBCPlus! account GCE A Level Degree Residential address use this as my mailing address We will open a new account if (a) the account number provided is void or invalid; (b) the signature on this application does not match the signature of your exisiting deposit account; (c) no option is selected. Open a new account for me New account opening declaration Tick one only I am the beneficial owner and ultimately own or have effective control of the account. The account is used for savings or transactional purposes. I am NOT the beneficial owner and do not ultimately own or not have effective control of the account. (Please open your account at any OCBC branch) 3. Main applicant details Property type Overseas address for PR only Parents Rented HDB Landed Length of stay Owned Mortgaged Employer s Condominium Apartment Overseas contact number ( code) (area code, for non SG number) (contact number) Optional Office address use this as my mailing address Office number Name as in NRIC underline surname Dr Mr Mrs Ms Mdm Date of birth DDMMYY Home number ( code) (area code, for non SG number) (contact number) Residential status Account number Are you a U.S. Tax resident1? Yes No Taxpayer Identification (TIN) Singapore PR? Yes No GCE O Level Diploma Important information 1. A processing fee of 2% of the approved loan amount will be levied upon approval of the Education Loan subject to a minimum processing fee charge of S$ A cancellation fee of 1% of the loan amount cancelled will be charged to you if you cancel this loan after we have approved the loan. Nationality Repayment option Standard Graduated Graduated Plus NRIC Mobile number ( code) (area code, for non SG number) (contact number) Total Loan Tenure max. of 96 months including SGD Contact details SGD months Single Education level Primary GCE N Level ITE Certificate Masters & above Period of study starting on DDMMYY No. of dependents Gender Male Female Country of birth Please furnish this document 2 if you are born in U.S. but no longer a U.S. Tax Resident Employment details Are you selfemployed? Yes No Occupation tick one Administrative executive IT professional Marketing Sales executive Company director Licensed professional Engineer Supervisor Employer s name Technician General executive Manager Teaching professional

2 Residential status Type of business industry tick one Banking finance insurance Government statutory board IT & communications Professional firm Shipping transport Uniform group Building & construction Food & beverage Manufacturing Retail Property type 4. Joint applicant details if applicable Overseas contact number ( code) (area code, for non SG number) (contact number) Optional Office address use this as my mailing address Relationship to main applicant immediate family only Spouse Sibling Parent Child Name as in NRIC underline surname Dr Mr Mrs Ms Mdm Nationality Office number Date of birth DDMMYY Owned Mortgaged Employer s Condominium Apartment Overseas address for PR only (Armed Forces, Civil Defence, Police Force) Name of previous employer (if less than 3 with current employer) Parents Rented HDB Landed Employment details Are you selfemployed? Yes No Occupation tick one Are you a U.S. Tax resident1? Yes No Taxpayer Identification (TIN) Singapore PR? Yes No Gender Male Female Country of birth Please furnish this document 2 if you are born in U.S. but no longer a U.S. Tax Resident Married Single Primary GCE N Level ITE Certificate Masters & above GCE O Level Diploma Technician General executive Manager Teaching professional Employer s name Type of business industry tick one No. of dependents Education level Administrative executive IT professional Marketing Sales executive Company director Licensed professional Engineer Supervisor Mother s maiden name Mandatory for security verification purpose Marital status GCE A Level Degree Contact details Banking finance insurance Government statutory board IT & communications Professional firm Shipping transport Uniform group Building & construction Food & beverage Manufacturing Retail (Armed Forces, Civil Defence, Police Force) Name of previous employer (if less than 3 with current employer) Mobile number ( code) (area code, for non SG number) (contact number) 5. Your marketing consent I am aware that by signing up for this product or service, I am consenting to OverseaChinese Banking Corporation Limited and its related corporations ( OCBC Group ), their agents, and their authorised service providers collecting, using and disclosing my personal data, and sharing such personal data with their business partners, for marketing and promotional purposes, including the purposes described as "Additional Purposes" in the OCBC Data Protection Policy, available at or upon request. I may withdraw such consent at any time via forms available on or at any OCBC Bank branch. In addition, by checking the box below, I also consent to OCBC Group contacting me via SMS, telephone call and other phone numberbased messaging about products and services offered by OCBC Group, its business partners and agents, regardless of my registration(s) with the Do Not Call registry. Home number ( code) (area code, for non SG number) (contact number) Residential address use this as my mailing address Length of stay Main applicant Joint applicant

3 6. Declaration and agreement (vii) agree that Iwe shall be responsible for all liabilities (including liabilities incurred, with respect to goods and services and all other fees and charges) incurred for OCBC Education Loan and OCBC Deposit Account or the OCBC Statement Savings Account (where applicable); I have read, understood and agreed to be bound by the Declaration and Agreement as stated in this application form. Main applicant s signature (viii) represent and warrant that all information provided by meus in this application is true and complete and undertake to notify OCBC immediately of any change in such information; Joint applicant s signature (ix) (x) (xi) Date DDMMYY Date DDMMYY ELB403 Staff ID Declaration and agreement for ocbc education loan By signing this application, IWe hereby jointly and severally: understand that Iwe amare applying for the OCBC Education Loan. Where an Education Loan is made available to meus, Iwe agree to be bound by the OCBC Terms and Conditions Governing Education Loan and Terms and Conditions Governing Deposit Accounts (a copy of each will be available to meus upon the Education Loan being available to meus). IWe further understand that the OCBC PhoneBanking Services and Internet Banking Services (the Services ) will be made available upon approval by OCBC of myour application for OCBC Education Loan and the provision of the Services by OCBC are subject to the OCBC Terms and Conditions Governing Electronic Banking Services (which shall include any amendments and additions made thereto from time to time) which Iwe agree to be bound by; (ii) authorise, acknowledge and confirm that an OCBC Statement Savings Account (the OCBC Statement Savings Account ) may be opened for me upon approval of my OCBC Education Loan application and Iwe agree to be bound by the OCBC Terms and Conditions Governing Deposit Accounts; (iii) where applicable, authorise the Bank to debit all monthly instalments, interests, costs, charges, fees and all other monies due and payable in connection with the OCBC Education Loan from the OCBC Deposit Account as indicated in this application form or (where applicable) the OCBC Statement Savings Account or any other accounts which Iwe have or may have with the Bank from time to time; (iv) agree that the Bank may send by ordinary mail or such other means at my sole risk the Bank s approval, cheque(s) issued in disbursement of any loan and all other documents and communications to any of address(es) on the Bank s records as the Bank may in its discretion elect; (v) agree to execute such forms, agreements and security documents as may be required by the Bank upon being notified that myour application has been approved by the Bank and be bound by the same; and (vi) where there is more than one applicant, each of us acknowledge that all declarations, authorisations and representations in this application shall be deemed to be made by and apply and be binding on all of us jointly and severally; authorise OCBC to conduct credit history checks and verify information given in this application with any party (including, without limitation, with any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons) without reference to meus; (xiii) agree that OCBC has the absolute discretion to decline myour application or specify a lower quantum of loan than that requested for in this application without giving any reason and to retain documents submitted as property of OCBC; (xiv) agree and consent to the terms of OCBC Bank s (i) Data Protection Policy and (ii) FATCA Policy, both available at or upon request; (xv) where applicable, I confirm that with respect to any personal data of the beneficial owner disclosed to the OCBC Group and its respective business partners and agents, the beneficial owner has agreed and consented to the terms of OCBC s Data Protection Policy, accessible at or available upon request. Deposit insurance scheme Singapore dollar deposits of nonbank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Co.Reg.No.: W JULY 2014 (i) declare that any funds and assets Iwe place with OCBC Bank and any funds applied by Ius to repay OCBC Bank and any monies owing in respect of the Education Loan and any profits that they generate (if applicable), will comply with the tax laws of the countries where Iwe live or of which Iwe amare citizen(s) or which Iwe amare otherwise subject to; (xii) by my signing of this application, irrevocably and unconditionally consent for OCBC and any officer (as defined in the Banking Act Cap 19) (the Banking Act ) of OCBC to disclose any customer information whatsoever relating to meus OCBC shall consider appropriate to any person to whom disclosure is permitted or required by any statutory provision or law or to any other person wherever situated for any purpose whatsoever and it is hereby agreed that OCBC and any officer of OCBC may disclose the foregoing information to the fullest extent permitted by the Banking Act or any statutory provision or law. Without prejudice to the foregoing, Iwe consent to such disclosure to any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons and to the disclosure by such credit bureau or other organisation or corporation to any member thereof, for the purposes of assessing my credit worthiness or for other purpose whatsoever; and For bank s use Source code confirm that Iwe amare not an undischarged bankrupt and there has been no statutory demand served on meus; All rates are accurate at time of printing. OCBC reserves the right to decline an application without giving any reasons.

4 How to submit this form BUSINESS REPLY ENVELOPE PERMIT NO OVERSEACHINESE BANKING CPATION LIMITED EDUCATION LOAN ROBINSON ROAD P.O.BOX 1187 SINGAPE Apply For Education Loan Step 1 Fold the top and bottom sections inwards with the mailing address in front. Step 2 Enclose your documents within the sleeve created in Step 1. Step 3 Seal the edges with clear tape to secure your documents inside. Postage will be paid by addressee. For posting in Singapore only.

5 Financing your education loan Am I eligible? You need to be Student as main applicant Aged 21 and above Singaporean Singapore PR Total annual income of at least S$24,000 per annum Main (no income), Joint (at least S$24,000 per annum). Main (at least S$12,000 per annum), Joint (at least S$12,000 per annum). Important notes for U.S. Tax Resident 1. Definition: A citizen or permanent resident of the United States (eg. US Green Card holder or someone who meets the requirements to be considered a resident under the substantial presence test ); or Any other person that is not a foreign person (as defined under US federal tax law). 2. Furnishing of documents: Please furnish either one of these documents if you have stated that you are born in the United States but are no longer a U.S. Tax Resident: Certificate of Loss of Nationality of the United States; or Form I407 (Abandonment of Lawful Permanent Resident Status). Fees and charges relating to OCBC Education Loan Processing fee 2% of the approved loan amount with a minimum processing fee of S$100 Disbursement fee S$20 per cashier s order or demand draft issued Late fee S$50 Cancellation fee 1% of the undisbursed loan amount Full prepayment fee 1% of loan prepaid How do I apply? Complete the form, attach copies of the required documents below and submit to us by mail or at any of our branches:supporting documents Image of NRIC (Front and back), and Recent original telephone bill original bank statement (if mailing address differs from NRIC) Certified true copy of acceptance letter from institution stating type and duration of course, and Certified true copy of schedule of payment for course if not stated in acceptance letter Income documents Salaried employees Selfemployed, commisioned or variable income earners Loan Tenure Latest computerised electronic payslip and Latest Income Tax Notice of Assessment Last 6 month s CPF contribution history statement Last 12 month s CPF contribution history statement Latest Income Tax Notice of Assessment For spouses, marriage certificate For siblings, birth certificate of both applicants For parent and child, birth certificate of child Effective interest rate2 (for illustration only as EIR will vary with loan amount and tenure) STANDARD For joint applications Relationship documents Applied interest rate1 GRADUATED3 1 year 10.99% p.a. 2 year 8.72% p.a. 8.01% p.a. 3 year 7.97% p.a. 7.62% p.a. 4 year 7.59% p.a. 7.39% p.a. 5 year 7.36% p.a. 7.24% p.a. 6 year 7.21% p.a. 7.12% p.a. 7 year 7.10% p.a. 7.04% p.a. 8 year 7.02% p.a. 6.98% p.a. 1 Interest on the loan amount is calculated based on a monthly rest method and is subject to compounding if the monthly interest charges are not paid in full. 2 Effective Interest Rates (which comprises the applied interest rate and processing fee) will vary with the loan amount and tenor. 3 A 12month course period is assumed in the calculation of the Effective Interest Rates for the Graduated and Graduated Plus repayment schemes.