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Update to Priority Mortgage Plus (PMP) terms from 30 September 2021

Update to Priority Mortgage Plus (PMP) terms from 30 September 2021

From 30 September 2021 (inclusive of this date) (“Effective Date”), we are amending a few clauses under Part B1- Priority Mortgage Plus Terms in our Mortgage Facility Terms to reflect the following changes:

  1. Under clauses 15.1.1, 15.3.1, and 15.3.2 – for clarity, the placement of any Fresh Funds or subscription of Eligible Unit Trust(s) or purchase of Eligible Insurance Policy(ies) may not be counted towards another PMP facility previously.
  1. Under clause 16.2 – to reduce the length of time for maintaining the Priority Banking relationship from the full tenor of the PMP facility to first six (6) months from the date of the first disbursement.

Where do I preview or obtain a copy of the revised terms?

Please click here for a preview of our revised Mortgage Facility Terms.

From the Effective Date (inclusive of this date), you may visit any of our branches or call our 24-hour Client Contact Centre at +65 6747 7000 to request for a hard copy of our revised Mortgage Facility Terms.