Terms & Conditions-Renovation Loan Promotion

  1. The Promotion is applicable for direct Renovation Loan application (“Direct Application”) submitted between 15 January and 28 February 2013, both dates inclusive (the “Promotion Period”) and approved by OCBC Bank at the loan amount of at least S$20,000, interest rate of 5.38%pa and a loan tenure of at least 4 years. The approved loan must be disbursed on or before 30 April 2013 to qualify for this Promotion. Customer who does not have a valid Singapore mailing address is not eligible to the Promotion. “Direct Application” refers to application which is submitted directly to OCBC Bank by the applicant and does not go through any agent who earns commission on such application.
  2. Each customer who meets the requirements stated in clause 1 above is eligible to receive shopping voucher(s) worth S$200. The voucher(s) will be sent to the customer’s latest mailing address registered with OCBC Bank, within one (1) month of loan disbursement.
  3. Voucher(s) are not exchangeable for cash or other items and the terms and conditions of the voucher(s) apply. Validity period stated on the voucher(s) are non-extendable.
  4. OCBC Bank reserves the right to replace the voucher(s) with any item of similar value without notice.
  5. No request to replace the voucher(s) will be entertained if the voucher(s) is lost, expired or damaged.
  6. OCBC Bank reserves the right to reclaim the voucher(s) in the event of a cancellation of the renovation loan for any reason within 6 months of application. Customer will bear all costs and expenses incurred in relation to such cancellation. OCBC Bank reserves the right to debit any account of the customer with OCBC Bank for the value of the voucher(s) without notice.
  7. OCBC Bank will not re-send the voucher(s) in the event that the address provided by the customer is incorrect or not valid or when the customer delays the courier to the point where additional courier charges apply.
  8. OCBC Bank shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of any gift. Notwithstanding anything herein, OCBC Bank shall not at any time be responsible or held liable for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any gift by any person.
  9. The decision of OCBC Bank on all matters relating to the Promotion is final, conclusive and binding on all participants and no correspondences will be entertained. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions shall prevail.
  10. OCBC Bank reserves the right to terminate or suspend the Promotion and/or add to, delete, change or vary these terms and conditions at any time or from time to time without notice.
  11. All participants in the Promotion irrevocably permit and authorise OCBC Bank to disclose, reveal and divulge information regarding the customer and the account to any person (including but not limited to the parties involved in organising, promoting and conducting the Promotion) as OCBC Bank deems fit for the purpose of the Promotion.
  12. These terms and conditions shall be governed by the laws of Singapore and the participants in the Promotion irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore. A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.