Singapore Redemption Online for Discharge of Mortgage of Property

Singapore Redemption Online

If you wish to engage LOH EBEN ONG LLP for Singapore Discharge or Redemption of Mortgage Loan, please submit Singapore Redemption Online below. This Online Form is for:

Discharge of Mortgage (Loan Fully Paid)
Redemption of Mortgage (Outanding Loan)

To find out about our Singapore Conveyancingy charges, please submit Singapore Property Quote. For brief information on the types of Conveyancing services, please click on the button below.

Services

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SINGAPORE REDEMPTION ONLINE

Engagement of Redemption or Discharge of Mortgage service in this form includes Singapore Private Properties, Commercial Property, Industrial Property and HDB Flat and Shop. If you require to know our Charges for Redemption, please visit Singapore Property Quote.

As owner of property, you can download a digital record of your property ("title document") at MyProperty using your SingPass or CorpPass. You can then attach it to this form below.

OWNERSHIP & PROPERTY

No. of Owners*

If more than 2 owners, please upload his or her ID in ID Upload Section, and indicate in Message Section.

Property Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Type of Property*

Is Mortgage Loan fully paid?*

"Yes" means no outstanding Loan owing to Bank

Did you serve Redemption Notice on Bank?*

If you have served a Notice on the Bank, please select "Yes", and indicate the specific Redemption Date below in this form.

Do you want to authorise Bank to deduct from Acccount*

Typical mode of payment is by way of Cashier's Order(s) (not cheque). Please specify if you wish the Bank to deduct the full redemption amount from your debiting account with the Bank. If so, we require a letter of authority in the Bank's approved format to be sent to us at least 14 days before redemption date.

Debiting Bank Account*

Please state accurately your current debiting account for your loan with the Bank, which you wish to authorise the Bank to deduct for the redemption amount. Eg. 123-456-789-0

OWNER 1

Owner 1 Name*

Full Name

Owner 1 ID No.*

Owner 1 ID Type*

Owner 1 ID Country*

Owner 1 Country of Incorporation*

Owner 1 Director Name*

Please specify one Director's particulars

Owner 1 Director ID No.*

Owner 1 Director ID Type*

Owner 1 Director Country*

Owner 1 Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Owner 1 Tel*

Owner 1 Email*

Communications will be via this email address

OWNER 2

Owner 2 Name*

Full Name

Owner 2 ID No.*

Owner 2 ID Type*

Owner 2 Country ID*

Owner 2 Country of Incorporation*

Owner 2 Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Owner 2 Tel*

Owner 2 Email*

Communications will be via this email address

CPF CHARGE

Apart from the existing Mortgage, is there a CPF Board Charge over the Property. If you have previously used CPF Funds, then likely to be "Yes". If Property is Commercial or Industrial, then select "No"

CPF Charge?*

DISCHARGE DATE

Propose Date of Discharge*

Although your loan is fully paid, there will be documentation to be done and we need to liaise with the Bank, and time is required. Please allow a month for the processing of the Discharge.

REDEMPTION PAYMENT

How are you repaying the redemption amount? The cost will be higher if you are wholly or partially repaying with CPF

Mode of Repayment*

Unless you have signed a direct debit authorisation form with Bank, you will be required to procure a Singapore Bank's Cashier's Order to repay the loan.

Require Specific Date to Redeem Loan?*

If you wish to specify the redemption date or have already serve a Redemption Notice, please select "Yes". For Term Loan, Bank usually requires at least 3 Months' notice period.

Specific Redemption Date*

DD slash MM slash YYYY

Proposed Redemption Notice Period*

This will be the date in which you make full repayment, and you should check the terms of your Loan. For Term Loan, Bank usually requires at least 3 Months' notice period, otherwise, you will need to pay interest in lieu. Do note that redemption should not take place on Public Holiday, Saturday, Eve of Major Holiday, or near end of month.

BANK

The Bank is your existing Mortgagee in which you took a loan with. Before engaging us, for costs savings, you may wish to check with the Bank if Loh Eben Ong LLP can act for the Bank in the Redemption. We are on the Conveyancing Panels of various major local banks in Singapore. Note that you have to pay for both Bank and your own costs and expense in the Redemption (this is usually prescribed in the Mortgage).

Which Bank?*

DBS

UOB

OCBC

SCB

HSBC

Citibank

CIMB

Maybank

HLF

Other

OCBC Bank*

OCBC Bank may not appoint us unless you have served the Notice of Redemption through its branch and indicate that you wish to appoint a specific law firm and specify LOH EBEN ONG LLP. Please forward us a copy of the submitted form in due course.

I/We will serve Notice of Redemption at OCBC Branch and indicate your Law Firm of Loh Eben Ong LLP. Noted that appointed of your firm is subject to Bank's discretion.

Non-Panel Bank*

We are not on this Bank's (or Financial Institution) panel, and the Bank may engage another Law firm to act for the Bank and apart from our costs, you will have pay its Law firm's charges. You may contact the Bank directly if it will engage us for the Redemption prior to engaging us. If you still wish to proceed, please confirm below.

Yes, please proceed. I am aware the Bank may engage another law firm at my costs.

TERMS OF ENGAGEMENT

I/We AUTHORISE AND IRREVOCABLY INSTRUCT you to serve a Notice of Discharge / Redemption (as the case may be) on my/our behalf and to act in the discharge / redemption of the Property, and I/we undertake to pay all reasonable legal costs and expenses incurred thereto (as quoted). You may vary the Discharge / Redemption Date if my/our proposed discharge / redemption date is not appropriate.

I/We acknowledge that:

1. [Redemption Only] in the event of any change in the Redemption Date, and/or additional request for the Bank’s Redemption Statement from the Bank, there may be additional charges which shall be borne by me/us personally

2. [Redemption Only] there may be additional administration charges (eg. less than 3 months’ notice), penalties, clawback and other fee(s) charged by the Mortgagee as appearing in the Redemption Statement, and I/we will bear these charges and/or verify these directly with the Bank, if required

3. Bank may not engage LOH EBEN ONG LLP to act for them and may engage other law firm to act for them; and in that event, the additional charges shall be borne by me/us

4. [Payment with CPF Only] any additional charges/expense incurred relating to my CPF funds usage or CPF Board’s Charge should be borne by me/us (unless this has been quoted as part of your fees)

5. if there is more than 1 owner, your taking instructions (verbal, mail or email) from any one of us shall be deemed as instructions from all of us jointly and severally

6. [Corporate (Company) Loan(s) Only] any additional charges/expense incurred by you relating to the lodgment of Statement(s) of Satisfaction at ACRA; Deed(s) of Reassignment and/or other documents shall be borne by the Company

Agree to Terms of Engagement*

Yes

Owner 1 Signature*

Please SIGN using touchscreen devices, touch pads or mouse

Owner 2 Signature*

Please SIGN using touchscreen devices, touch pads or mouse

FILES UPLOAD

Owners' IDs

NRIC, Passport, Director's ID (for Company), Business Profile

Drop files here or

Accepted file types: jpg, gif, png, pdf, doc, docx, Max. file size: 3 MB.

Title Documents

If available, upload CT, SSCT, SCT, Lease or Title Search. You can get obtain a digital title of your property at https://app1.sla.gov.sg/MyProperty/ by using your SingPass.

Drop files here or

Accepted file types: jpg, gif, png, pdf, doc, docx, Max. file size: 3 MB.

MESSAGE

Your Message

Optional

Redemption ID

TERMS

Please review our Terms before you proceed

Do you agree to our Terms*

Yes

Please review your submission and submit if in order. Go back to edit if there are errors. {all_fields}

No. of Owners
	Select
Type of Property
	Select
Is Mortgage Loan fully paid?
	Select
Did you serve Redemption Notice on Bank?
	Select
Do you want to authorise Bank to deduct from Acccount
	Select

Phone

This field is for validation purposes and should be left unchanged.

Singapore Redemption Online

SINGAPORE REDEMPTION ONLINE

OWNERSHIP & PROPERTY

OWNER 1

OWNER 2

CPF CHARGE

DISCHARGE DATE

REDEMPTION PAYMENT

BANK

TERMS OF ENGAGEMENT

FILES UPLOAD

MESSAGE

TERMS

Loh Eben Ong LLP

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