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Important Notice:

Amended Terms & Conditions Governing Banking Facilities Granted By CIMB Bank Berhad (SG Branch) Secured By A Mortgage Of Property

 

Dear Valued Customers,

 

Please be informed that the notice period required for full repayment of your property loan will be amended from three (3) months to two (2) months. Clause 8(a) of the Terms and Conditions Governing Banking Facilities Granted By CIMB Bank Berhad (Singapore Branch) Secured By A Mortgage of Property will be amended as per below:

 

8. TOTAL / PARTIAL PREPAYMENT

 

(a)     You may fully repay the Term Loan after you have given to the Bank two (2) months’ notice in writing or paid two (2) months’ interest in lieu of notice. Without prejudice to Condition 8(g), if you do not repay the Term Loan in full within two (2) months from the date of your notice for full repayment, such notice of full repayment shall be deemed to be ineffective and you shall be required to give to the Bank a fresh two (2) months’ notice or payment of two (2) months’ interest in lieu of such fresh notice, as the case may be, if you wish to proceed with the full repayment.

 

 

The change of notice period will be effective from 1st July 2021 for existing loans and Letters of Offer accepted on or before 30 June 2021.The amended Terms and Conditions Governing Banking Facilities Granted By CIMB Bank Berhad (Singapore Branch) Secured By A Mortgage of Property will be available from 1st July 2021.