Lifestyle Loan

Application

HSBC
The world's local bank

Issued by The Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited has Received a Fitch rating of AAA (lka).
 Lifestyle Loan Application Form For office use only

Sole Application Joint Application Branch/DSS

code

Personal Data (Primary Applicant) Personal Data (Joint Applicant)

Mr Mrs Miss Ms Other............ Mr Mrs Miss Ms Other.............
Full Name: Full Name:

Former Names: Former Names:

Other Names: Other Names:
(as appearing in identity document) (as appearing in identity document)
Account Current: Account Current:
Number Number
Savings: Savings:
Date of Birth: Nationality: Date of Birth: Nationality:
Relationship to the primary applicant (applicable only for joint applications):

NIC No. / Passport No : NIC No. / Passport No :

Expiry Date : Expiry Date :
Residence Address - Own Home
Rented
Living in
parents dwelling
Provided by
the employer
Telephone - Home : Mobile : Primary Applicant -
Joint Applicant -
E-mail address :
Permanent Address (Please mention this if differs from residence address) :
Telephone:

Name, address and phone number of a relative not living with you -
Name :
Relationship :
Home Address :
Home Telephone : Office telephone :
E-mail Address :
Academic/Professional Qualifications Academic/Professional Qualifications
Education : Primary Secondary Education : Primary Secondary
Tertiary Graduate Post-graduate Tertiary Graduate Post-graduate
Employment Details Employment Details
Name of Employer : Name of Employer:

Address of Employer: Address of Employer:

Telephone No: Telephone No:

Nature of Business: Nature of Business:

Designation/Job Title : Designation/Job Title :

No. of years with the Organisation : . No. of years with the Organisation : .

Name/Address of Previous employer(s), if any: Name/Address of Previous employer(s), if any:

1. No. of years 1. No. of years

2. No. of years 2. No. of years

Correspondence details (please deliver my statement to )

Residence Address : Permanent Address : Office Address :
Customer Initial
 Loan Details
Loan amount required : Repayment Option and Period
Rs : Floating
36 months 48 months 60 months
Other (Specify) ................

Fixed
36 months 60 months
Type of Loan:
Car Loan Wedding Loan All Purpose Loan
Motorbike Loan Travel Loan
Home Improvement Loan Education Loan
Homeware Professional Loan

Repayment Scheme: Loan repayment account number:

Reducing Equal

Asset/Liability/Bank Accounts
Details of Assets (if any) : Market Value:
- Motor Vehicle(s)
- Property
- Shares
Other
-
1.
Other accounts maintained with HSBC
2.

Accounts with other Banks:

Bank & Branch: Account Number:

1.
2.
3.

Existing facilities with HSBC (if any) : Account/Credit Card No.

Overdraft: Credit Cards:
Other Loans: Others:

Existing facilities with other banks (if any) : Bank & Branch
Loans/Overdrafts: 1. 2.
Credit Cards: 1. 2.
Others (specify) : 1. 2.

I/We confirm that the details furnished are true and accurate and that no material information has been wilfully
withheld in completing this application. I/We authorize you to confirm the information given in this application
from any source you may deem fit.

I/We undertake to advise the Bank immediately when information already provided in the account opening
application has changed in order that the Bank may hold the most current and updated information in respect of
the account at all times.

Customer Initial
I/We confirm and agree that I/we am/are responsible for reviewing upon receipt all account statements or other
notifications relating to an account and, if I/we fail to do so, the Bank will not be liable for any losses incurred after
the time that such information should have been discovered.

....................................................... ........................................................
Signature of Primary Applicant Signature of Joint Applicant

Date: .............................................. Date: ..............................................

In the presence of :

....................................................... .......................................................
Witness Signature Witness Signature

1.Name in full : 2. Name in full :

Address : Address :
Occupation : Occupation :
 Letter from Employer - Specimen

The Manager
The Hongkong and Shanghai Banking Corporation Limited
Colombo 1

Dear Sir Date:…………...….

Lifestyle Loan to…………………………………………………………..................…..........………

(Name of employee hereinafter referred to as “the Borrower”)

Holder of NIC No…………………………………………………………………………….……….

1) The Borrower is employed by us in the position of

………………………………………………………………………………………………..........….

2) The Borrower has been employed by us since

…………………………………………………………………………………………........…….…..

3) The Borrower is/is not confirmed in employment since………………………………......……….…

4) The Borrower's salary particulars are as follows:

a) Basic salary : ………………………………………………………………………...……..

Deductions : ………………………………………………………...……………………..
(Please specify) : ………………………………………………………...……………………..
……………………………………………….…………………………………………………….
……………………………………………………………………………………………….…….
Net salary : …………………………………………………………………………...….

b) Allowances : (1) Fixed allowances…………………………………………...………….…..

………………………………………………………………………..……….

(2) Variable allowances……………………………………...………….……..

……………………………………………………………………..…………..

We confirm that the above information is true and accurate.

As requested by the Borrower we agree to remit to HSBC for credit of the account of the Borrower (A/c:…….……)
the net monthly salary and allowances / loan instalment payable to the Borrower and shall not change this arrangement
without the prior consent of the Bank.

5) We also confirm that we will take appropriate steps to advise the Bank immediately, in the event the Borrower;

(a) submits a notice of resignation

(b) retires from the organisation
(c) has his/her employment terminated by us
(d) is deceased

The above agreement will not be amended or changed by us without the prior consent of the Bank and will continue
to be in force and effect until notified by the Bank.

Yours faithfully

(Authorised Signatory on Rubber Stamp)

(* In the event of a joint application, both applicants should submit separate letters from their respective employers
as specified above.)
 Promissory Note

Colombo.................20...........

Rs. ...................................

On Demand I/We jointly and severally promise to pay to the order of The Hongkong and Shanghai
Banking Corporation Limited at their office in Colombo, the sum of Sri Lankan Rupees
...........................................................................................................................................................
for value received.

Interest to be at.................................... percent per annum or at any other rate as determined by the
Bank.

..............................................................
Signature of the Primary/Joint applicant

Name in full of the Primary applicant : ...............................................................

NIC Number of the Primary applicant : ...............................................................

Name in full of the Joint applicant : ...............................................................

NIC Number of the Joint applicant : ...............................................................

Witness Witness

(1)............................................... (2)...............................................
Signature Signature

Full name and address: Full name and address:

.................................................. ..................................................

.................................................. ..................................................
 TERMS AND CONDITIONS

The following Terms and Conditions will govern all Lifestyle Loan accounts of the Hongkong and Shanghai
Banking Corporation Limited (hereinafter referred to as "the Bank")

1. The Borrower/s hereby undertake(s) to issue a standing order or remit the salary to pay the principal and
interest (hereinafter referred to as "installments") regularly to the Bank at Colombo commencing from the
assigned due date until the total amount outstanding is fully settled and to pay on the first demand all the
sums due plus interest, expenses and any other charges which may be levied from time to time in
accordance with the Bank's requirements and standing regulations in force.

2. The Bank has the option to claim settlement of all the liabilities of the Borrower/s to the Bank and to
modify or cancel facilities granted to the Borrower/s at its sole discretion (whether for breach of the terms
and conditions hereof or otherwise), without any obligation to state reasons or justification for such
measures by delivery of a day's prior written notice to the Borrower/s. No extension, waiver or indulgence
granted by the Bank or any of its officers shall prejudice the rights of the Bank hereunder.

The Borrower/s acknowledges that the Bank has the right to institute legal proceedings for recovery of the
debt and that any legal costs, court fees and lawyer's fees incurred shall be added to the indebtedness of the
Borrower/s.

Furthermore the Borrower/s hereby states that upon his/her demise, the heirs, executors, administrators,
and assigns of the Borrower/s will be bound by these terms and conditions.

3. The Bank may charge interest on any overdrawn account in the name/s of the Borrower/s at the rate
calculated on the daily balances outstanding or at such other rate as the Bank may at any time advise in the
manner set out in Article 4 below.

Interest calculated in the manner customary to the Bank may be debited to the account of the Borrower/s
each month or at such intervals as the Bank may at its sole discretion decide. Any commission, expenses or
charges due or incurred in respect of these or any other credit facilities extended to the Borrower/s or of any
transaction of any kind carried out at the order of the Borrower/s or on behalf of the Borrower/s whether or
not by written order may be debited to the account of the Borrower/s in the Bank.

4. Any claim, summons, advice or notice relating to these facilities which the Bank may desire to convey to
the Borrower/s shall be deemed to have been duly given to the Borrower/s if given in writing by registered
post to the address of the Borrower/s last known to the Bank. Notice of changes in interest rates may also be
given by announcement inserted in the local press and/or displayed on the Bank's premises and/or by letter
and/or through statement message.

5. The Borrower/s undertakes to check carefully all statements of account received from the Bank. If within
one month of the date of dispatch of a statement of account to the address of the Borrower/s as it appears in
the records of the Bank and if no objection has been received from the Borrower/s , then the balance shown
therein will be considered correct and the fact that no communication has been received from the
Borrower/s will be interpreted as a confirmation of the correctness of the account and the Borrower/s may
not raise any objection in respect of any such statement of account.

The Borrower/s acknowledges that, should the Borrower/s not receive a statement of account for any
period it is solely and entirely the responsibility of the Borrower/s to demand a statement from the Bank.

Customer Initial
6. The events of defaults have been outlined as follows;
a) The non payment of any one monthly repayment of principal or interest or installment
outstanding for a particular month as determined by the Banking authorities
and/or
b) Bankruptcy / Insolvency

The Borrower/s hereby consents and acknowledges that the Bank at its own discretion is entitled to
report him/her to the Credit Information Bureau (CRIB) of Sri Lanka and/or any other Credit Information
Bureau, local or international, of his/her loan conduct.

7. The Borrower/s further agrees that the Bank shall have a lien and right of setoff (or similar right) over any of
the property rights and interest belonging to the Borrower/s which are in the Bank's custody and control,
which rights may be exercised by the Bank, and the Bank may at any time and without notice combine and
consolidate all or any of the accounts held in the name/s of the Borrower/s irrespective of the titles they
come under, and/or setoff against any overdrawn accounts all or any monies whatsoever and whether on
Current Account, Savings Account or Term Deposit account and in whatsoever currency which the Bank
may at any time hold to the Account of the Borrower/s at any of its offices.

8. The Borrower/s hereby agrees and authorizes the Bank to appoint third party collection agents for recovery
of outstanding amounts. The Borrower/s shall pay all the costs of collection of the outstanding amount with
interest, legal expenses and collection agency charges should it become necessary to refer the matter to a
collection agency or take legal action to enforce payment.

9. No delay or omission of the Bank in exercising or enforcing (whether wholly or in part only) any right or
remedy hereunder shall impair such right or remedy of the Bank and shall not be construed as a waiver of
such right or remedy.

10. This Agreement shall be construed and take effect in accordance with the laws of Sri Lanka and
proceedings shall be brought in the District Court of Colombo, Sri Lanka, provided always that the Bank
may if it so desires take proceedings in the Courts of any other country or jurisdiction if it think fit, in which
event the laws applicable to such Courts shall apply, and the Borrower/s shall agree to submit to such Courts
and such other laws. In the event of the facilities being granted or continuing to be granted, the Borrower/s
undertakes to be jointly and severally liable to the Bank in respect of all monies due.

11. Interest rates on Lifestyle Loans are subject to change from time to time according to market interest rates
as determined by the Bank. The monthly repayment of installments are payable to the credit of the
current/savings account of the Borrower/s thereon or as per arrangements agreed upon with the Bank.
Changes in interest rates will be communicated to the Borrower/s in the manner set out in Article 4 above.
A change in the interest rate will affect the installment amount.

12. Loan installments are payable by the assigned due date each month, and the Borrower/s authorizes the Bank
to debit the loan repayment account specified in the Lifestyle Loan application form with the loan
installment on the assigned due date.

In the event cleared funds are not available by that date, any credits to the accounts will be accrued and
appropriated against the overdue installment/s and default interest, which will be recovered by the
assigned due date of the following month or as and when sufficient funds are available to cover such
installment/s which may be overdue. Default interest is applicable on the overdue installment/s and
interest.

Customer Initial
If the Borrower/s has multiple overdue facilities he/she hereby authorizes the Bank to recover any sums of
money credited to any of his savings/current accounts in a manner deemed necessary by the Bank at its sole
discretion, and that he/she shall not make any claims whatsoever to dispute such recovery.

13. The Borrower/s agrees that arrangement fees, early repayment fees, charges on lump sum payments and
any other fees and charges that may be introduced or amended from time to time will be debited to the
account of the Borrower/s and be reflected in the account statement.

14. Early repayment / part payments are accepted at a fee which will be decided by the Bank from time to time
at its discretion.

15. The Borrower/s hereby undertakes to notify the Bank without any delay the change or termination of
current employment and/or change of residential address and/or change of correspondence address.

16. All facilities are subject to our customary overriding right to repayment upon demand in full and to review
at any time.

17. All loans are subject to specific approval of the Bank. The Bank reserves the right to reject any loan
application without assigning any particular reasons.

18. The bank shall have an unrestricted discretion to cancel or suspend, or determine whether or not to
permit drawings in relation to the loan.

19. The Bank reserves the right to add, change and rescind any of the terms and conditions in relation to these
Terms and Conditions. Such changes to terms and condition will be communicated to the Borrower/s
either by letter, statement message or by displaying same on notice boards at branches.

I/We hereby acknowledge that I/we have read and fully understood the Terms & Conditions and that I/we am/are
aware of the obligations, liabilities and rights thereunder and accept the foregoing Terms & Conditions.

……………………….............. ………………………..............
Signature of Primary Applicant Signature of Joint Applicant

Date: ………………………… Date: …………………………

SUPPLEMENTARY PROVISIONS APPLICABLE TO CAR LOANS

01) The Borrower/s shall keep as security the motor vehicle and shall enter into a separate mortgage bond at
the time of entering into this agreement. The Borrower/s acknowledges and undertakes that the
Borrower/s has good right and full power to ‘mortgage’, hypothecate and assign the vehicle in the
manner aforesaid and that the same is the absolute property of and are at the full disposal of the Borrower/s
and are not subject to any lien, seizure, charge or other encumbrance whatsoever and that the Borrower/s
shall and will at the request of the Bank but at the cost and expense of the Borrower/s do and execute or
cause to be done and executed all such further and other acts, deeds, matters, assurances and things for the
more perfectly and effectually assuring to the Bank by way of mortgage and hypothecation and
assignment the vehicle or any part or portion thereof as the Bank shall or may be reasonably required. The
Bank shall undertake the responsibility of registering the executed Mortgage Bond with the Registrar of
Motor Vehicles.

02) Any additions, improvements or alterations made to the vehicle (whether or not with the consent of the
Bank) shall be deemed to form a part of the vehicle and therefore shall belong to the Bank without the Bank
being liable to pay any compensation therefore.

03) The cost of insurance and all connected charges including taxes, levies, etc., payable on or as a pre-requisite
for eligibility for insurance, shall be borne by the Borrower/s and paid by the due dates. The Borrower/s shall
and will at all times during the continuance of the mortgage hypothecation and assignment effected by these
presents insure and keep the motor vehicle insured under a comprehensive insurance policy with all
financial interest vested in the Bank, as the Bank may from time to time require including the proceeds of
policy payable to the Bank and also third party risks in accordance with the provisions of the Motor Traffic
Act or any subsisting or future statutory modification thereof or any other law for the time being in force, the
mortgaged motor vehicle/s to the full insurable value thereof with any insurer acceptable to the Bank and
shall and will deliver the original policy or policies of such insurance to the Bank and shall and will regularly
and punctually pay all and every premium or sums of money for the said policy or policies of insurance.

The Bank also reserves the right to pay the insurance premium and demand payment of same from the
Borrower/s.
04) The Borrower/s shall regularly and punctually pay by the due dates all license, taxes and other duties,
charges, premia, outgoings and expenses whatsoever in respect of the motor vehicle/s and procure official
receipts therefore and shall and will whenever required to do so produce to the Bank the said official
receipts or any other documents relative to or as proof of any such payments aforesaid.
05) The Borrower/s hereby grants full leave and irrevocable license to any authorized Bank official or its agents
at all reasonable times of the day to enter upon the premises where the vehicle may for the time being be
placed to inspect and examine the mortgaged vehicle.

06) (i) The Borrower/s acknowledges the vehicle is validly mortgaged and hypothecated to the bank, and
accordingly the Borrower/s shall not attempt to transfer, sell or otherwise dispose of the vehicle or do
any other act that may infringe upon the Bank's rights as the 'Mortgagee'.

The Borrower/s shall and will immediately on being called upon to do so deliver or cause to be
delivered to the Bank in accordance with such directions as may be given by the Bank in that
regard the mortgaged motor vehicle/s and all and every, the certificates and Certificate of
Registration or such other documents or document relating to the mortgaged motor vehicle/s to
the Bank. Furthermore such original Certificate of Registration (The Registration Book) and the
original Vehicle Identity Card, along with the duplicate key to the mortgaged motor vehicle/s
shall be kept in the custody of the Bank.

Customer Initial
 (ii) The Borrower/s shall not permit the vehicle to be levied in execution in any legal proceedings with
any third parties or enable it to be subject to any lien encumbrances or charge in favour of a third party.
If such event occurs, the Borrower/s shall immediately notify the Bank and shall forthwith cause the
vehicle to be released at his/her own cost and expense.

(iii) Without prejudice to the foregoing paragraphs and the provisions stated therein, the Borrower/s shall
not sell, donate, assign, pledge, mortgage, create any charge or lien, underlet or part with the
possession of the vehicle or any of the parts thereof or suffer the same to be seized or taken in
execution of any judgment or judgments under or in respect of any claim or procedure whatsoever.

(iv) Upon the demise of the Borrower/s, his heirs, executors and administrators shall disclose in the
testamentary case that the vehicle is subject to a mortgage infavour of the Bank.
(v) The Borrower/s shall and will duly comply with all the provisions of the Motor Traffic Act and
Mortgage Act or any subsisting or future statutory modification thereof and any other law for the time
being and from time to time in force relating to motor vehicle/s.

(vi) The Borrower/s undertakes that in the event the mortgaged motor vehicle/s shall be stolen or
destroyed or damaged, in any such case and as often as the same shall happen the Borrower/s shall
immediately notify the Bank thereof and all such sum or sums of monies as shall be received or be
recoverable by virtue of any such insurance or insurances shall be paid by the Borrower/s to the Bank
and shall be applied by the Bank in or towards the discharge or part discharge of the monies then due,
owing and payable by the Borrower/s to the Bank under or in respect of these presents.

07) It is hereby agreed by the Borrower/s that if the Borrower/s acts in breach of any of the Terms &
Conditions contained herein and/or fails to make regular payments and compels the Bank to classify the
account as default, the Bank may at its discretion terminate this agreement.

(i) The Bank reserves its discretionary right to demand and claim immediate payment from the
Borrower/s of the entire amount of the total accumulated arrears and all other costs and expenses
incurred by the Bank in this connection together with interest thereon, at the rate specified in
accordance with prevailing market rates, from the date of default. Failure to comply will
automatically terminate this agreement and the Bank will be entitled to repossess the vehicle.

(ii) It is hereby specifically agreed that the Bank or the Bank's duly authorized agent or nominee shall
have the right to reclaim possession of the mortgaged property and that the Borrower/s shall have no
right whatsoever to offer any resistance in the event the vehicle is repossessed.

(iii) The Borrower/s doth hereby irrevocably agree to execute a blank transfer form (Form M.T.A.6)
of the vehicle and to lodge the same with the Bank for the purpose of enabling the Bank or its
nominated person to transfer ownership of the said vehicle to settle the Car Loan outstanding in
the event of a default of any payments by the Borrower/s.

(iv) The Borrower/s shall be liable to bear all charges, levies, and costs incurred in connection with
the repossession of the vehicle, and such costs shall be recovered first, from the proceeds of the
sale of the vehicle or from any other funds that may be deposited from time to time to the credit of
any of the accounts maintained by the Borrower/s with the Bank.

(v) For the purpose of recovering the monies payable to the Bank, the Bank may sell the vehicle by
public auction or private treaty or advertisement or hold, use, operate, or otherwise dispose of or
deal with the vehicle as the Bank pleases, without notice to the Borrower/s. The Bank shall also be
entitled to exercise any other right or remedy available to the Bank by Law.

Customer Initial
 (vi) In the event the proceeds of the sale of the vehicle are insufficient, the Borrower/s acknowledges
that the Bank has the right to institute legal proceedings for recovery of the debt and that any legal
costs, court fees and lawyer's fees incurred shall be added to the indebtedness of the Borrower/s.
(vii) The Borrower/s agrees that in the case of any balance of accounts due by the Borrower/s, a stated
account in writing made out of accounts maintained in the books and/or computers of the Bank,
signed and certified by the authorized Bank official, or any other person who may be assigned for
the purpose by the Bank shall be sufficient at law and conclusive proof without any other
documents or vouchers to support the same.

08) The Borrower/s shall and will from time to time whenever and as often as required to do so by the Bank
forthwith and at the cost and expense of the Borrower/s give and grant to the Bank such further and
additional security as the Bank may require for the due payment of all monies due under or secured by
these presents and duly execute or cause to be executed all documents required by the Bank in that regard.

09) The Borrower/s agrees that in the event the Borrower/s commits any breach of the terms, conditions or
covenants set out herein the Bank shall be entitled at any time to cancel the facilities and to demand and
recover payment of all its claims on the Borrower/s notwithstanding and without derogating from the Bank's
absolute and unfettered right to do all or any of the things referred to in these terms and conditions even if the
Borrower/s has not committed any breach of the said terms and conditions and covenants.

10) The Borrower/s agrees that the Bank is hereby empowered to exercise the power of sale conferred on the
Bank as an approved credit agency in respect of the mortgaged motor vehicle/s by Section 85 of the
Mortgage Act No.6 of 1949.

I/We hereby acknowledge that I/we have read and fully understood the Terms & Conditions and that I/we am/are
aware of the obligations, liabilities and rights thereunder and accept the foregoing Terms & Conditions.

……………………….............. ………………………..............
Signature of Primary Applicant Signature of Joint Applicant

Date: ………………………… Date: …………………………