Prepayment Instruction Form For Home Loan
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1Prepayment Instruction Form
for Home Loan
A. Loan Details
Private Home Loan
HDB Home Loan
Loan Type
Loan Account No
Mortgaged Property Address
B. For SOR / SIBOR-pegged Loan
To effect on the Next Rate Review Date
Next Rate Review Date
(at least 1 or 3 months’ notice served if applicable)
To effect outside Rate Review Date. Applicable fee(s) will be charged
Outside Rate Review Date
C. Partial Prepayment
Minimum Notice Period
One (1) month notice
I understand that where the Mortgage Choice Scheme applies to my/our housing loan/ term loan, the Scheme
will cease from the date the partial prepayment is effected.
OCBC Account
Mode of Payment
S$____________________
(select either one box)
Please debit this amount from the OCBC account which I/we have designated for my/our housing/term loan
monthly instalment repayments.
CPF
S$____________________
I/We will at the same time submit RPS/NRPS CPF Form 4B (for Private Home Loan) / HBL/4 Form (for HDB
Home Loan) to CPF Board to instruct CPF to remit CPF monies on the scheduled prepayment date.
Revise the monthly instalment amount (default option)
After Partial Prepayment
(select either one box)
Keep the monthly instalment amount unchanged (last notified to you in writing by
the Bank.
Option NOT available if you are on Progressive Payment or Mortgage Choice Scheme.
D. Full Prepayment with Discharge of Mortgage
Three(3) months’ notice
Minimum Notice Period
Property Sale
Own funds
Re-financing to another bank
Source of Full Prepayment
OCBC Account (full amount)
Mode of Payment
(select either one box)
Please debit this amount from the OCBC account designated for my monthly instalment payments.
CPF (full amount)
Our lawyer will instruct CPF Board to remit the CPF monies on the scheduled date
CPF first, and to debit balance, if any, from the OCBC Account
Please
debit this amount from the OCBC account which I/we have designated for my/our housing/term loan
monthly instalment repayments.
Cashier’s Order
Appoint Bank’s panel of law firm (default option)
Law Firm Appointed
Name of Preferred firm : ____________________________________________
(Bank’s approved list for mortgages):
E.
Declaration & Signature
I/We understand that the requests above are subject to the Bank’s approval and the Bank reserves the right to decline any request(s) at its absolute
discretion.
I acknowledge that applicable fee(s) e.g. administration fee, prepayment/commitment fee and/or interest-in-lieu of notice for partial prepayment will be
charged. Where CPF funds are received earlier than the effect date of prepayment, the Bank is not liable for any loss or claims against the CPF funds.
Signature(s) in accordance with the OCBC Account specimen signature(s) and signing mandate.
___________________________________
___________________________________
___________________________________
Name:
Name:
Name:
NRIC:
NRIC:
NRIC:
Contact:
Contact:
Contact:
Date (DDMMYYYY):
Date (DDMMYYYY):
Date (DDMMYYYY):
FOR BANK’S USE
No of
OTP Date
Owner Occ.
Property
Type of
Facility
Loan
Value of
LTV %
Previous
Borrower
(LO Date in
or
in SG?
Facility
Amount
Tenure
Pty (S$)
DSR
SIBS)
(Yes/No)
(HL or TL)
(Outstanding bf
(remaining
(SIB collateral
Investment
prepayment/
tenor bf
data)
tenure change)
prepayment)
N/A
Branch
To: Loan Administration
From: Secured Loan
Notice Receipt Date: ________________
Notice Date:
______________ __
Effective Date: _____________________
Total Amount: S$ _________
_______
_____________________
Signature(s) Verified Against SignPlus by
Name:
Items
No
Yes (details)
Date:
Prepayment Fee
Clawback
Cashback
Interest-in-lieu
__________________________________
Debt Reduction Scheme
[ ] do not terminate
_____________________
Name:
Mortgage Choice Scheme
[ ] terminate scheme
Name:
Please affix Branch stamp
Remarks:
Date:
Co. Reg. No.: 193200032W
Version Date: 14 July 2014
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Parent category: Financial