Priority Mortgage Plus

Q: When do I need to deposit or invest to effect the interest rate reduction?

For Eligible Deposits and/or Eligible Unit Trusts , you will need to place or subscribe the minimum amount and inform us in writing of such placement or subscription within 1 month from the date of your letter of offer for the PMP mortgage facility. For Eligible Insurance Policy( ies ) , you will need to successfully purchase and be issued the policy(ies) with the minimum monthly premium amount, after any promotion discount but including GST, and inform us in writing of such purchase(s) within 2 months from the date of your letter of offer for the PMP mortgage facility.

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Standard Chartered Priority Banking

Start a Priority Banking relationship with us and receive up to S$9,000 cash reward T&Cs apply.

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Enjoy competitive pricing

Enjoy competitive pricing on your mortgage loan. Plus, no administrative fee or additional charges for this feature.

Rewards Loyalty

Maintain your Priority Banking relationship for at least 6 months from the date of first disbursement of the PMP facility, and you may continue to enjoy the relevant interest rate reduction for the rest of the tenure on the facility.

Enjoy Priority client privileges

Have access to dedicated relationship manager who will help manage your investment needs. Plus, enjoy other privileges exclusive to this segment, such as regular investment update, Priority Pass membership, the APEC business travel card and wealth events, and many more. Learn More

Flexibility and hassle-free process

Flexibility to take up any of the deposit or investment options any time within 1 month from the date of your letter of offer. Thereafter, we will apply the relevant interest rate reduction and notify you accordingly, with no further signing required on any documents.

Yes, you may do so as the deposits/investments are not pledged or tied to your mortgage facility.

Find out more about Priority Banking benefits and privileges here.

We will accord the PMP feature on only one mortgage facility for Eligible Deposits of $200,000. Please note that any placement of Fresh Funds, or subscription of Eligible Unit Trust(s), or purchase of Eligible Insurance Policy(ies), must not have been counted towards another Priority Mortgage Plus facility previously in order to meet the qualifying criteria for interest rate reduction on each mortgage facility you intend to apply the PMP feature.

The relevant interest rate reduction will be based on the tiers illustrated in Table A below.

For Eligible Deposits and/or Eligible Unit Trusts, you will need to place or subscribe the minimum amount and inform us in writing of such placement or subscription within 1 month from the date of your letter of offer for the PMP mortgage facility.

For Eligible Insurance Policy(ies), you will need to successfully purchase and be issued the policy(ies) with the minimum monthly premium amount, after any promotion discount but including GST, and inform us in writing of such purchase(s) within 2 months from the date of your letter of offer for the PMP mortgage facility.

¹Summary Priority Mortgage Plus Terms
Priority Mortgage Plus is a feature through which you may reduce the Interest rate of your Priority Mortgage Plus facility, based on the amount of Eligible Deposits using Fresh Funds you have with us and the amount of Eligible Unit Trust(s) or Eligible Insurance Policy(ies) you have subscribed for or purchased through us. To qualify for a reduction of the Interest rate of your Priority Mortgage Plus facility, you need to (i) currently maintain or successfully establish a Priority Banking relationship with us as a primary account holder within 1 month from the date of the letter of offer for your Priority Mortgage Plus facility, and (ii) meet the minimum total amount of Eligible Deposits using Fresh Funds, or Eligible Unit Trust(s), or minimum monthly premium amount from Eligible Insurance Policy(ies) and inform us in writing accordingly as specified under Clause 15.1.1, 15.3.1, and 15.3.2 respectively of our Mortgage Facility Terms. An illustration of the relevant reduction on the Interest rate is illustrated in table A of our FAQ above. For the full terms which apply to a Priority Mortgage Plus facility (as defined in our Mortgage Facility Terms) which is offered by us on or after 11 June 2021, please refer to our Mortgage Facility Terms.
²For meanings of words italicised like this and the full terms and conditions of this feature, please refer to our Mortgage Facility Terms.

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Priority Mortgage Plus