VEHICLE LOAN SCHEME Sample Clauses

VEHICLE LOAN SCHEME. (1) A confirmed staff is eligible to apply for vehicle loan up to a maximum of $65,000 or 12 times the total monthly salary, whichever is lower.
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VEHICLE LOAN SCHEME. A confirmed staff is eligible to apply for vehicle loan up to a maximum of $65,000 or 12 times the total monthly salary, whichever is lower. The Institution shall subsidise interest rate above 3%, subject to a maximum of 1%. The repayment period is up to 7 years or the retirement age, whichever is earlier. HOUSING/RENOVATION LOAN SCHEME A confirmed staff is eligible to apply for housing and/or renovation loan as follows: House ownership : $400,000 or 60 x total monthly salary, whichever is lower. House renovation : 6 x total monthly salary or renovation cost, whichever is lower, subject to a maximum of $30,000. The Institution shall subsidise interest rates above 5%, up to a maximum of 2%. The repayment periods for housing loan and renovation loan are up to 25 years and 5 years respectively or the retirement age, whichever is earlier.
Sample 1

Related to VEHICLE LOAN SCHEME

  • Title Insurance Policy In all cases, the Seller undertakes to remove any encumbrance that will materially interfere with the procurement of a title insurance policy or financing necessary for the purchase of the Property, whether the same is included in the above enumeration or not. Further, the Seller undertakes to, in good faith, cooperate with and assist the Buyer fully in obtaining a title insurance policy. The Seller shall be obligated to take all legal and reasonably necessary action in order to procure such title insurance policy but shall not incur any additional liability in relation thereto. If the title to the Property is not in a condition that is compliant with the above, if the Seller fails or refuses to comply with the Seller’s obligations under this section, or if the Parties are unable to obtain a title insurance policy, the Buyer may, in the Buyer’s sole discretion, accept the title as it is and proceed with the purchase under this Agreement, or terminate this Agreement and recover the Xxxxxxx Money, costs incurred in relation to this Agreement and .

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