With effect from 1 January 2023 (“Effective Date”), the Cashline Revolving Loan Terms and Conditions applicable to the Cashline Revolving Loan will be revised. The changes are underlined and bolded for easy reference.
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Subject to the annual fee as set out in Clause 11(a) below, the Cashline will be available to the Borrower from the date of the Approval Letter whereupon a loan account (the "Cashline Account") will be opened by the Bank in the name of the Borrower. The Cashline Account will be operated in accordance with these Terms and Conditions and the General Conditions by which the Borrower shall be bound. If there is any inconsistency or conflict between the General Conditions and these Terms and Conditions, the latter shall prevail for the purposes of the Cashline Account. For avoidance of doubt, the provision that customer may appoint one or more authorised signatory(ies) to give instructions to the Bank under Clause B5 of the General Conditions is not applicable to Cashline Account.
You may visit any of our branches or our website at go.dbs.com/hk-loantnc-en to obtain a revised copy of the Cashline Revolving Loan Terms and Conditions. The prevailing version of the Cashline Revolving Loan Terms and Conditions is available at our website at go.dbs.com/hk-loantnc-en until 1 February 2023. You may access and download a copy for future reference before that if necessary.
Please note that if you continue to utilize the relevant loan or allow such loan to be outstanding after the Effective Date, it shall constitute your agreement and acceptance of the above amendments and the amendments shall be binding on you.
Should you have any enquiries, please call our Customer Services Hotline at 22908888.
DBS Bank (Hong Kong) Limited