Dear Business Partners/ Agents,
Please be informed that In line with the BNM circular onGuidelines on Responsible Finance, the RACs in MLPP have been revised accordingly.
The summary is shown as follows:-
Current Guidelines (up to 31/12/2011)
New Guidelines effective 1/1/2012
In view of these changes, effective from 29thDec 2011, there is a revision in our OCBC Home Loan Application Form forboth conventional and Islamic loan, available in English and BM version,depending on the suitability of your customer(s) Kindlyuse this version for all OCBC Home Loan applications moving forward.
Please take note that theeffective implementation of the new guidelines is based on Loan Creationdate from
1st Jan 2012 onwards, anyapplication forms using the previous version will cease usage.
Major areas of the revisions can be found in the attachedPowerPoint slides, with the new revised application forms/ additional formsfound in the Appendix.
Please read the content accordingly prior to completing theentire columns in the form(s).
You can also found the additional/ supplementary form in theattachment & appendix for applicant’s declaration to includealso the non-CCRIS debt obligation declared by customers (required for the DSRcomputation). This is mandatory to be used for all loanapplications.
We will be advising you soon on the new application form forthe Islamic loan once we obtainthe latest updated application form.
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