You may also wish to note that the maximum credit limit is calculated based on the monthly CPF salary ceiling of S$6,000. $2,000 – $20,000. the amount of specified deposits or the guarantee, as the case may be —. 3. Not applicable to secured credit card or credit card with $500 credit limit. Verify the details and click Confirm to complete the application. Most credit card accounts have a credit card limit that appears on your statement, but often it's not a hard limit that you must stay within. Applications for credit limit review of your unsecured credit facilities with Standard Chartered Bank (Singapore) Limited (“Bank”) are subject to the Bank’s approval. T&C apply. ), Enjoy flexible repayment plans at attractive interest rates, Offset your loan interest from interest earned on deposits, HDB Home Suite offers you more than just a home loan, Insurance Savings Plan / Legacy / Retirement, Medical & Health / Personal Accident / Critical Illness, Financing solutions and trade services to help you grow, An unsecured term loan that offers up to S$300,000, Trade financing facilities for local companies, Unsecured working capital for local companies, Get access to our global network across over 25 markets, Letter of Credit confirmation, bonds and other guarantees, Protect your business from currency fluctuations and rates, Protect the business assets which you have built, Enjoy stress-free travel with single trip or annual plans, Comprehensive protection for your car and car belongings, A range of investments customised for better returns, Choose from a variety of tenure and currency options. 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. (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. TEL: 62763... Search on Infobel for other companies in the category Electrical Appliances (Retail) in Singapore. The combined credit limit of all your unsecured credit facilities with the Bank including your credit card(s), will be subject to the maximum limit allowable under prevailing regulatory requirements and guidelines, or up to $100,000, whichever is lower. interest with minimum S$25,000 placement sum, Choose from 9 major currencies and tenors from 1 to 12 months. If You have existing principal credit card(s) and You have authorised the issue of supplementary credit card(s) on Your account in respect of such card(s), the Bank may also require such supplementary cardholder(s) to indicate their preferred credit limit(s) for their supplementary card(s) before determining the approved credit limit since the approved credit limit is an overall credit limit that will also apply to such existing supplementary card(s). online or via SC Mobile app anytime, anywhere. The move is part of ongoing efforts by the Monetary Authority of Singapore (MAS) to manage growing debt among Singaporeans. spend, up to 10X Rewards Points for foreign currency spend & more, Earn 2.5 Reward Points for every $1 charged to your credit card, Go further with up to 3 miles for every dollar spent. The Bank will review and determine, at its sole discretion, your eligibility for adjustment of credit limit based on the latest income document(s) you submitted to the Bank, and subject to the prevailing regulatory requirements and guidelines. This borrowing limit is being phased-in from a BTI of 24 times from … Banking (Credit Card and Charge Card) Regulations 2013, Please check the legislation timeline to ensure that you are viewing the correct legislation version. (8)  For the purpose of determining the cumulative total outstanding unsecured amount of a Singapore cardholder, the following may be excluded: the amount of any loans specified in paragraph (9) that are granted to the Singapore cardholder by any lender; where the Singapore cardholder is also a Singapore guarantor for one or more fully unsecured or partially secured guaranteed credit cards or guaranteed charge cards, up to 80% of the total amounts outstanding on all those guaranteed credit cards and guaranteed charge cards; annual fees in respect of fully unsecured or partially secured credit cards and charge cards issued, and fully unsecured or partially secured non-card credit facilities granted, by any lender to the Singapore cardholder; any transaction, fees, interest and charges (including late payment charges) in respect of which the Singapore cardholder has raised a dispute with the lender which charged the transaction or which imposed the fees, interest or charges; any fees, interest and charges charged on —, the annual fees referred to in sub-paragraph (, any transaction, fees, interest and charges referred to in sub-paragraph (. - 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 The BTI is calculated by dividing the borrower’s outstanding unsecured debt2 by his or her monthly income. “private investment vehicle”, in relation to a cardholder, means a body corporate or trust established by or on behalf of the cardholder for the purpose of managing or holding assets of the cardholder. There are some roads with a speed limit of 40km/h.For example, some roads in housing estates have this limit. All rights reserved. Enjoy up to 3% cashback on your online buys with no minimum spend. Time to invest in a sustainable future. is taken to be the lower of the following: any corporate card with no personal liability; any business card with no personal liability. any amount charged to the credit card or charge card for the purposes of the business of the sole proprietor or partnership. [FSG SPD 028/2000/ Vol. 50); “Singapore cardholder” means a cardholder who is a citizen of Singapore or a permanent resident, and does not include the holder of a supplementary credit card or supplementary charge card in his capacity as a supplementary cardholder; “Singapore guarantor” means a guarantor who is a citizen of Singapore or a permanent resident. 186); any advance, loan or other facility granted by a lender to a customer whereby the customer has access to any funds or financial guarantee provided by the lender; or. 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