1. This Standard Chartered Bank (Singapore) Limited Business Instalment Loan Online Acquisition Promotion (“Promotion”) is available from 1 June 2018 to 31 July 2018 (both dates inclusive) (“Promotion Period“) to all Business Banking customers of Standard Chartered Bank (Singapore) Limited (the “Bank”). By participating in this Promotion, you agree to be bound by all the terms and conditions below.

Eligibility

2. The Promotion is open to new and existing Business Banking customers of the Bank who:

a) successfully complete and submit the “Register now” form via the Bank’s online platform (https://www.sc.com/sg/business-banking-sme/business-instalment-loan/apply/?step=basic_data) during the Promotion Period;

b) apply for a Business Instalment Loan (“BIL”) during the Promotion Period;

c) furnish the required documents for the Bank’s loan assessment by no later than 15 August 2018;

d) is successfully granted a BIL of at least S$100,000.00 by the Bank; and

e) has a BIL which is disbursed between 1 June 2018 and 31 August 2018.

(collectively known as the “Eligibility Criteria”)

3. In the event the BIL is applied for in conjunction with the SME Working Capital Loan or Business Overdraft, the minimum loan amount of S$100,000.00 for the BIL portion of the loan must be fulfilled.

4. The following categories of customers are NOT eligible for this Promotion:

a) Customers whose account(s) with the Bank are not in good standing, including being delinquent or who have violated the terms of any facility or service granted by the Bank;

b) Customers who have committed or are suspected of committing any misconduct, fraudulent or wrongful acts in relation to any facility or service granted by the Bank;

c) Customers whom the Bank may decide to exclude at its discretion without notice and without furnishing any reason, at any time; or

d) Customers whose BIL application was referred by one of the Bank’s approved referral agents.

Promotion Mechanics

5. Under the Promotion, new to BIL customers who satisfy the Eligibility Criteria shall be entitled to S$500 cash credit. New to BIL customers are customers that do not have an existing BIL with the Bank at the point of application.

6. Existing to BIL customers who satisfy the Eligibility Criteria shall be entitled to S$100 cash credit. Existing to BIL customers are customers that have an existing BIL with the Bank at the point of application.

7. Customers who qualify for the cash credit will receive an SMS message from the Bank, which shall state the amount of cash credit the customer is eligible to receive and the last four digits of the current account number of the Bank account (in accordance with the Bank’s records) to which the cash credit will be credited into. The notification message will be sent to the mobile number in accordance with the Bank’s records by 7 October 2018. Any request for early fulfilment of the cash credit will not be granted or entertained by the Bank.

8. The Bank shall in its sole and absolute discretion determine whether the Eligibility Criteria under this Promotion has been met. Barring any unforeseen technical delays, the cash credit will be credited by 30 September 2018, after such determination has been made.

General

9. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.

10. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion, or to terminate, withdraw, extend or shorten the Promotion at any time at the Bank’s sole discretion, with or without prior notice or reason.

11. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or about the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

12. The terms and conditions of the Promotion are to be read in conjunction with our Business Instalment Loan Terms, the Standard Terms and Account Terms and respective Country Supplements, together with our Master Credit Terms (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Promotion, the latter shall prevail to the extent of such inconsistency.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.