Interest rate:

We will continue your existing ANZ Fixed Rate / Floating Rate mortgage plan after the Transfer. Once your mortgage loan is transferred to DBS, you will receive a repayment schedule with your loan details.

Things to note:

Monthly repayments:

Once your mortgage loan is transferred to DBS after the Effective Time, you will receive a Repayment Schedule from us with your mortgage loan details, including your outstanding loan balance and monthly instalment amount. Your existing loan maturity date and monthly instalment due date will remain the same. Please ensure that sufficient funds are available in your new DBS settlement account from the Effective Time. This account will be initially funded from the balance in your existing ANZ loan settlement account as of the Effective Time.

Overdue interest:

DBS overdue interest (Contract Rate + 7.00% p.a., except where otherwise agreed with the Bank) on overdue unpaid amounts will apply. For the full fee schedule, please click here.

Prepayment:

Prepayment fees and charges are in accordance to your facility letter(s) previously issued by ANZ, except the following which will be charged by DBS:

If the aggregate partial prepayments of the Facility Amount effected exceeds 60% of the original Facility Amount, an additional partial prepayment fee will be charged on any exceeding portion.

1. Within the first 12 month(s) from the drawdown date: 2% on the exceeding portion of the prepaid amount; and
2. Within the 13th-24th month of the drawdown date: 1% on the exceeding portion of the prepaid amount.

Fire insurance:

Your existing fire insurance policy for the relevant mortgaged property will remain in force after the Transfer. When the policy is due for renewal, DBS will arrange new fire insurance for you. Alternatively, you may choose to arrange your own fire insurance, for which an annual policy review fee of HK$200 will be collected per policy.

For more information on fees and charges, please click here.

For fire insurance policy coverage on a mortgaged property, you can choose the coverage amount based on:

1. the original loan amount; or
2. the outstanding loan amount; or
3. the replacement cost of the property; or
4. any reasonable insured amount mutually agreed between the Bank and the customer.

Relationship with staff member(s) or director(s) of DBS (only applicable to borrowing customers):

As a licensed bank, DBS is subject to certain limitations on providing loans to connected persons. If you are or will be a relative/spouse (to the best of your knowledge) of any of the directors or employees of DBS, DBS Bank Ltd. or any of its other subsidiaries on or after the Effective Time, please complete the “Declaration Form for Relationship with Staff Member(s) or Director(s) of the Bank” here and return it to DBS as per the P.O. address on the Form by 25 August 2017. Please notify DBS immediately in writing if any such relationships arise.

Your existing ANZ documents on Home Loan will be adopted by DBS with amendments.

For more details of your product, please refer below:

Interest Rate:

Before drawing up a new set of documents, we will continue with your existing ANZ plan; except for the interest rate.

Interest rates will be calculated based on the existing ANZ Cost of Fund + ANZ Spread until the next interest re-fixing date scheduled after the Transfer. Upon the next interest rate re-fixing date, interest rates will be based on DBS Cost of Fund + ANZ Spread. After 12 months from the Transfer, DBS may change the spread.

Things to note:

Property valuation:

For Overseas Property Financing/Multi Currency Mortgage/Single Currency Mortgage/DCM, revaluation of property is required every two years.

Monthly repayments:

After your mortgage loan is transferred to DBS at the Effective Time, you will receive a loan statement from us with your loan details. Please ensure that sufficient funds are available in your MCSA.

Overdue interests:

An overdue interest will be charged if your loan settlement account (MCSA) is in debit balance.

Overdue interests are calculated based on the amount due and amount unpaid, at DBS PRIME + 5.00% p.a. or such other rate(s) as DBS may determine from time to time.

Prepayment:

No interest penalty will be charged for any prepayment (in part or in full), but prepayment shall be subject to final approval by DBS.

Fire insurance:

Your existing fire insurance policy in respect of the relevant mortgaged property will remain in force after the Transfer. When the policy is due for renewal, DBS will arrange a new fire insurance for you. Alternatively, you may choose to arrange your own fire insurance, where a policy review fee of HK$200 will be collected per policy annually.

For fire insurance policy coverage on a mortgaged property, you can choose the coverage amount based on:

1. the original loan amount; or
2. the outstanding loan amount; or
3. the replacement cost of the property; or
4. any reasonable insured amount mutually agreed between the Bank and the customer.

Relationship with staff member(s) or director(s) of DBS (only applicable to borrowing customers):

As a licensed bank, DBS is subject to certain limitations on providing loans to connected persons. If you are or will be a relative/spouse (to the best of your knowledge) of any of the directors or employees of DBS, DBS Bank Ltd. or any of its other subsidiaries on or after the Effective Time, please complete the “Declaration Form for Relationship with Staff Member(s) or Director(s) of the Bank” here and return it to DBS as per the P.O. address on the Form by 25 August 2017. Please notify DBS immediately in writing if any such relationships arise.

Your existing mortgage loan documents with ANZ will be adopted by DBS with revised terms and conditions.

For more details of your product, please refer below:

Interest Rate:

We will continue with your existing ANZ plan, except for the interest rate.

Interest rates will be calculated based on the existing ANZ Cost of Fund + ANZ Spread until the next interest rate re-fixing date scheduled after the Transfer. Upon the next interest rate re-fixing date, interest rates will be based on DBS Cost of Fund + ANZ Spread. After 12 months from the Transfer, DBS may change the spread.

Things to note:

Overdue/default interest:

Overdue/default interest will be charged if your loan settlement account (“MCSA”) is in debit balance.

For ANZ Signature Priority Banking, overdue/default interest fees are calculated based on the amount due and the amount unpaid, as follows:
DBS PRIME + 5.00% p.a. for a HKD/USD loan; or
DBS Cost of Fund + 9.00% p.a. for other currencies.

For ANZ Private Bank clients, overdue/default interest is calculated based on the amount due and amount unpaid, at DBS PRIME + 5.00% p.a. or such other rate(s) as DBS may determine from time to time.

Prepayment:

For ANZ Signature Priority Banking, no prepayment is allowed.

For ANZ Private Bank clients, no interest penalty will be charged for any prepayment (in part or in full). However, whether prepayment is allowed will be subject to final approval by DBS.

Credit limit:

For ANZ Signature Priority Banking, credit is limited to HK$10 million or as DBS may determine from time to time. Any excess credit limit needs to be adjusted to meet the prevailing DBS requirements.

For ANZ Private Bank clients, no cap to the credit limit is applied.

Eligible collateral:

Equities, bonds, funds, cash (HKD/foreign currency), currency linked investments and structured investment products (principal protected only).

Portfolio monitoring:

Your portfolio will be bound by DBS margin valuation methodology and margin call process. DBS will review the margin shortfall on a case-by-case basis and will work with you to regularise your portfolio.

Relationship with staff member(s) or director(s) of DBS (only applicable to borrowing customers):

As a licensed bank, DBS is subject to certain limitations on providing loans to connected persons. If you are or will be a relative/spouse (to the best of your knowledge) of any of the directors or employees of DBS, DBS Bank Ltd. or any of its other subsidiaries on or after the Effective Time, please complete the “Declaration Form for Relationship with Staff Member(s) or Director(s) of the Bank” here and return it to DBS as per the P.O. address on the Form by 25 August 2017. Please notify DBS immediately in writing if any such relationships arise.

Your existing ANZ documents on Lombard Facility will be adopted by DBS with amendments.

For more details of your product, please refer below:

Interest Rate:

We will continue with your existing ANZ plan after the Transfer, except for the interest rate.

Interest rates will be calculated based on the existing ANZ Cost of Fund + ANZ Spread until the next interest rate re-fixing date scheduled after the Transfer. Upon the next interest rate re-fixing date, interest rates will be based on DBS Cost of Fund + ANZ Spread. After 12 months from the Transfer, DBS may change the spread.

Things to note:

Overdue/default interest:

Overdue interest will be charged if your loan settlement account (“MCSA”) is in debit balance.

For ANZ Signature Priority Banking, overdue/default interest is calculated based on the amount due and the amount unpaid, as follows:
DBS PRIME + 5.00% p.a. for a HKD/USD loan; or
DBS Cost of Fund + 9.00% p.a. for other currencies

For ANZ Private Bank clients, overdue interests are calculated based on the amount due and amount unpaid, at DBS PRIME + 5.00% p.a. or such other rate(s) as DBS may determine from time to time.

Prepayment:

No interest penalty will be charged for any prepayment (in part or in full), but prepayment will be subject to final approval by DBS.

Relationship with staff member(s) or director(s) of DBS (only applicable to borrowing customers):

As a licensed bank, DBS is subject to certain limitations on providing loans to connected persons. If you are or will be a relative/spouse (to the best of your knowledge) of any of the directors or employees of DBS, DBS Bank Ltd. or any of its other subsidiaries on or after the Effective Time, please complete the “Declaration Form for Relationship with Staff Member(s) or Director(s) of the Bank” here and return it to DBS as per the P.O. address on the Form by 25 August 2017. Please notify DBS immediately in writing if any such relationships arise.

Designation or change of beneficiary:

For any designation or change of beneficiary under the underlying insurance policy, you shall have to obtain prior written consent from DBS and the final approval will be subject to the Bank’s sole discretion.

Your existing ANZ documents on Premium Financing will be adopted by DBS with amendments.

For more details of your product, please refer below: