Your outstanding loan balance, maximum loan tenor, monthly instalment due date and penalty period will remain the same. After your loan is transferred to DBS, you will receive a Repayment Schedule with your mortgage loan details, including your outstanding loan balance and monthly instalment amount.

A repricing fee of HK$2,000 or 0.2% on the Outstanding Principal Balance, whichever is higher, will be charged for:

1. a rate conversion from a PRIME-based Rate to a HIBOR-based Rate, or vice versa at your request, or
2. a change of Interest Period.

If prepayment (in part or in full) of the outstanding loan amount is to be made prior to the expiry of the tenor, an early redemption administration fee (as set out in the DBS Bank Charge Schedule) will be charged. In addition to the early redemption administration fee, an early redemption charge may be charged if prepayment is made within the penalty period. For further details, please refer to your existing ANZ facility letter and the DBS Bank Charges Schedule.

If the aggregate partial prepayments of the outstanding loan amount affected exceeds 60% of the original loan amount, an additional partial prepayment fee will be charged on any exceeding portion.

1. Within the first 12 months 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.

Your instalment will be due on the same date as the prevailing due date with ANZ. If the due date falls on a Sunday or public holiday, the instalment will be debited the next working day.

We will debit your monthly instalment from your new DBS loan settlement account.

As of the Effective Time, your balances from your ANZ loan settlement account will be transferred to your DBS loan settlement account, i.e. your new DBS Save & Cheque Account.

An overdue interest will be imposed on any outstanding payment. The fee amount will be calculated based on the DBS contract rate (same as your prevailing ANZ contract rate) + 7.00% p.a. (except otherwise agreed with DBS) of the outstanding instalment.

Your existing insurance coverage will remain effective until the next policy renewal date. When the policy is due for renewal, DBS will contact you to arrange for a new fire insurance policy. Alternatively, you may opt to arrange a fire insurance policy with a third party, with a HK$200 policy review fee, per policy annually. For more information on fees and charges, please click here.

For fire insurance policy coverage on a mortgaged property, customers 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.

We will arrange a DBS Multi-Currency Settlement Account as a loan settlement account for you. Your outstanding loan balance, maximum loan tenor and penalty period will remain the same.

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.

For fire insurance policy coverage on a mortgaged property, customers 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 by the bank and customer.

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

We will arrange: (i) a new DBS Universal Life / Single Premium Whole Life Insurance Premium Financing Term Loan (depending on the nature of the underlying insurance policy); and (ii) a DBS Wealth Management Account including a DBS Multi-Currency Settlement Account for you. Your outstanding loan balance, interest period and instalment due date will remain the same. After your account is transferred to DBS, you will receive a loan statement with your new loan details.

If you are an ANZ Private Bank clients, your Relationship Manager will contact you to help draw up a new set of loan documents with DBS after the Transfer.

The instalment (where applicable) and interest will be charged on your loan and debited from your DBS Multi-Currency Settlement Account (“MCSA”). You will need to make a deposit or pay the interest due into your MCSA account.

If your DBS Multi-Currency Settlement Account is in debit-balance, overdue/default interest will be charged on any overdue unpaid amount at the following rates:

For ANZ Signature Priority Banking:

1. DBS PRIME Rate + 5.00% p.a. for a HKD/USD loan, or
2. DBS Cost of Fund + 9.00% p.a. for other currencies.

For ANZ Private Bank:

1. DBS PRIME Rate + 5.00% p.a., or
2. Such other rate(s) as DBS may determine from time to time.

No interest penalty will be charged for any prepayment (in part or in full) for a DBS Universal Life / Single Premium Whole Life Insurance Premium Financing Term Loan, but prepayment will be subject to final approval by DBS.

We will open a new DBS Multi-Currency Revolving Term Loan (“MRTL”) account and a DBS Wealth Management Account including a Multi-Currency Settlement Account for you. Your outstanding loan balance, loan term and instalment due date will remain the same. After your account is transferred to DBS, you will receive a loan statement with your new loan details. Your Relationship Manager will contact you to help draw up a new set of loan documents with DBS.

The instalment (where applicable) and interest will be charged on your loan and debited from your DBS Multi-Currency Settlement Account (“MCSA”). You will need to make a deposit or pay the interest due on your MCSA account.

If your DBS Multi-Currency Settlement Account is in debit-balance, overdue interest will be charged on any overdue unpaid amount at the following rates:

For ANZ Signature Priority Banking:

1. DBS PRIME Rate + 5.00% p.a. for a HKD/USD loan, or
2. DBS Cost of Fund + 9.00% p.a. for other currencies.

For ANZ Private Bank:

1. DBS PRIME Rate + 5.00% p.a., or
2. Such other rate(s) as DBS may determine from time to time.

For ANZ Signature Priority Banking, prepayment of a DBS Multi-Currency Revolving Term Loan (“MRTL”) is not allowed.

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

Your ANZ Lombard Facility will be transferred to DBS with a new MRTL facility after the Transfer (“Transferred Facility”).

For ANZ Signature Priority Banking: Your Transferred Facility together with the existing MRTL facility is subject to a maximum credit limit of HK$10 million. Any excess credit limit needs to be adjusted to HK$10 million or any limit as DBS may from time to time determine.

For ANZ Private Bank client: No cap to credit limit will be applied.

For more details about Product terms and features, please click here.