Your credit limit will be re-adjusted if you subsequently take up any unsecured credit facilities, such that your aggregate credit limit for all unsecured credit facilities do not exceed the maximum credit limit granted to you. 110); “financial institution” means any person who is licensed, approved, registered or otherwise regulated by the Authority under any written law; “guaranteed charge card” means a charge card that is guaranteed by a guarantor but does not include —, a charge card referred to in section 57G(, a charge card that could be issued by the card issuer on the basis that the applicant satisfies any of the criteria referred to in regulation 8(2)(, “guaranteed credit card” means a credit card that is guaranteed by a guarantor but does not include —, a credit card referred to in section 57G(, a credit card that could be issued by the card issuer on the basis that the applicant satisfies any of the criteria referred to in regulation 8(2)(. The approved credit limit for Your credit card(s) in this application will be the overall limit that applies to and is shared among all Your principal credit card(s) with the Bank and all corresponding supplementary credit card(s) authorised by You to be issued on Your account. Major roads usually have a speed limit of 60km/h or 70km/h.. © Standard Chartered Bank (Singapore) Limited | Reg no. the total outstanding unsecured amount of the Singapore cardholder with the lender; the repayment of any amount owing by the Singapore cardholder under a loan granted for any of the purposes specified in sub‑paragraphs (, the repayment of any amount owing by the Singapore cardholder under a loan granted for the purpose specified in sub‑paragraph (. Africa, United MAXIMUM CREDIT CO (PTE) LTD was incorporated on 24 May 1972 (Wednesday) as a Exempt Private Company Limited by Shares in Singapore. Leone, South 11. [FSG SPD 028/2000/ Vol. Perform transactional requests like updating of personal particulars, request for chequebook etc. Change the way you pay with your credit and debit card in-store, within mobile apps or online. You are now leaving the Standard Chartered Bank (Singapore) Limited (“SCBSL”) website to access a third party website ("Third Party Website"). Select the Purpose of the Temporary Credit Limit Increase and tap Next. is taken to be the lower of the following: any corporate card with no personal liability; any business card with no personal liability. 4]. If your application is approved, your revised credit limit will apply to and is shared among all your credit card account(s) with the Bank and all corresponding supplementary credit card(s) authorised by You, except your (if any) secured credit card(s), credit card(s) with $500 limit, and corporate card(s). (9)  The loans for the purposes of paragraphs (2)(. (7)  For the purposes of these Regulations, a reference to the cumulative total outstanding unsecured amount of a Singapore cardholder is a reference to the sum of all total outstanding unsecured amounts of the Singapore cardholder with every lender which has issued any credit card or charge card, or granted any non-card credit facilities, to the Singapore cardholder. (EIR 6.95% p.a. The maximum aggregate credit limit with HSBC in respect of unsecured credit facilities granted to a Singapore Citizen/Permanent Resident whose annual income is not less than S$30,000 is up to four times the individual’s monthly income, or an amount HSBC may in its discretion determine. To request for a limit change on secured credit card, please proceed to our nearest branch for placement of additional lien against the credit card. Islands, Sierra where the aggregate of the amounts referred to in paragraph (9)(. —(1)  For the purposes of these Regulations, a reference to the aggregate credit limit of a cardholder (other than a supplementary cardholder) with a card issuer is a reference to the sum of all of the following amounts: —(1)  For the purposes of these Regulations, a reference to the aggregate outstanding card amount of a Singapore cardholder with a card issuer is a reference to the aggregate of all of the following amounts: Determination of total net personal assets, Revised Editions of Subsidiary Legislation. Get S$50 Grabfood Vouchers with Allianz Hospital Income Protect. (2)  For the purposes of these Regulations, a reference to the maximum credit limit of a Singapore cardholder with a card issuer is a reference to an amount not exceeding —. States. is not at any time during the period the principal cardholder holds the credit card or charge card less than the higher of the following: the amount that is outstanding on the credit card or charge card and all supplementary cards; and, the card issuer has obtained security or legally binding undertakings, or taken any other action, to ensure that, unless and until the amount that is outstanding on the credit card or charge card and all supplementary cards is fully paid up —, the specified deposits will not be withdrawn by the principal cardholder; or. (11)  In this regulation, “expiry date” means the date ending 6 months after the date on which the Ministry of Health announces its risk assessment under the framework commonly known as Disease Outbreak Response System Condition or DORSCON, to be the colour code “Green” in relation to the infectious disease known as Coronavirus Disease 2019. is to be calculated by deducting from the estimated fair market value of the residence any outstanding amounts in respect of any credit facility that is secured by the residence; and. 3. in a case where the Singapore cardholder only holds fully unsecured or partially secured credit cards or charge cards issued by the card issuer, his overall credit limit; in a case where the Singapore cardholder only holds fully secured credit cards or charge cards issued by the card issuer, the amount of the deposit or deposits in the name of the Singapore cardholder which secure the credit limits of the credit cards or charge cards; and. Please attach a photocopy of the following income documents: For Fully Salaried: For Self-Employed / Fully Commissioned: For Commission / Variable Income Earner *Please note that the maximum credit limit is calculated based on the monthly CPF salary ceiling of S$6,000. online or via SC Mobile app anytime, anywhere. In exercise of the powers conferred by section 78(1) and (2) of the Banking Act, the Monetary Authority of Singapore hereby makes the following Regulations: “affiliated corporation”, in relation to a card issuer or financial institution, means any of the following: a related corporation of the card issuer or financial institution, as the case may be, that is incorporated in Singapore; where the card issuer or financial institution, as the case may be, has a related corporation that is incorporated outside Singapore —, any branch or office of the related corporation that is located in Singapore; or. See also. (i) is not less than $10,000 at the time of the application for the credit card or charge card; and. - From June 1 in 2017, the limit will be 18 times the monthly income - From June 1 in 2019, the limit will be 12 times the monthly income 3; AG/LLRD/SL/19/2010/5 Vol. The approved credit limit will be the lowest of: (a) the specific preferred credit limit You indicated in this form; (b) the maximum credit limit allowable under prevailing regulations; and (c) such other credit limit as determined by the Bank. Time to invest in a sustainable future. ), Free yourself from higher interest payments, Switch to our Debt Consolidation Plan for more savings, Get interest-free cash from as low as 0.7% processing fee (EIR from 2.83% p.a. any amount charged to the credit card or charge card for the purposes of the business of the body corporate, a credit card or charge card where the employee or officer is solely liable for any amount charged to the credit card or charge card; or. credit limits, approve credit limit increases, or grant new credit facilities to such a borrower. ), Get a gift worth S$350 when you open a Time Deposit or Business$aver account. (ii) is not at any time during the period the principal cardholder holds the credit card or charge card less than $10,000; but. the aggregate of the following (save for any fees, interest or charges (including late payment charges) imposed by the lender who granted the loan) is not more than 6 months’ income of the Singapore cardholder or $30,000, whichever is the lower: the amount of the renovation loan, or the amount of the Singapore cardholder’s share of the joint renovation loan (derived by dividing the amount of that loan by the number of persons to whom the loan is granted), as the case may be; the sum of all amounts outstanding on both of the following: all earlier renovation loans granted to the Singapore cardholder by the same lender; the Singapore cardholder’s share of all earlier joint renovation loans granted by the same lender (derived in respect of each such loan by dividing the outstanding balance on that loan by the number of persons to whom that loan was granted); the defraying of the costs of any medical treatment, where the lender who granted the loan has taken reasonable steps to ascertain that the proceeds of the loan will be applied only towards the defraying of such costs; the subscription of shares (the loan being referred to in this sub-paragraph as a share financing loan), where —. 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