Application Form for SMU (MAF) - Lee Kong Chian School of Business

APPLICATION FORM FOR SMU (MAF) TUITION LOAN SCHEMEINSTRUCTIONSPlease read the following instruction carefully before completing the application form.EligibilityThe SMU (MAF) Tuition Loan Scheme (the “Loan”) is made available by the SingaporeManagement University (“SMU”) to students (who are Singapore Citizens and PermanentResidents) pursuing the MSc in Applied Finance program (“MAF”) at SMU. Applicants for theLoan must fulfill the following the criteria:• Is not an undischarged bankrupt; and• Furnish a bona fide, Singapore resident, as a guarantor, who is also not an undischargedbankrupt.On the approval and acceptance of an application by the Committee administering the Loan (the“Committee”), comprising members of the SMU, the Loan will be given at the preference interestrate.Conditions of Loan and Supporting Documents1. The Loan (including all applicable interest and fees, if any) must be repaid in FULL if thestudent withdraws from SMU, before the completion of the MAF program.2. The main applicant (“Main Applicant”) must provide SMU with a guarantee and indemnity(the “Guarantee”) from a third party (Singaporean or Permanent Resident) as required bySMU (e.g. parent, uncle, etc.)(the “Guarantor”) in the format as provided in Annex A of theapplication form.3. The Guarantor must fulfill the following criteria:• Is between the age of 21 and 60 years old;• Is a Singapore Citizen or a Singapore Permanent Resident; and• Is not an undischarged bankrupt.4. The following supporting documents in English must accompany the application form:• Copies of the NRIC (both sides) / passport(s) of the Main Applicant, and the Guarantor• Original copy of the Guarantee duly signed by the Guarantor1

Supporting documents, which are not in English must be accompanied by a translation inEnglish. Applications with no supporting documents will not be considered. To avoid anydelay in the processing of the application, please ensure that the supporting documents arecomplete and submitted to SMU to the following address:SMU (MAF) Loan SchemeSingapore Management UniversityLee Kong Chian School Of BusinessGraduate Programmes Office50 Stamford Road #04-01Singapore 178899Notwithstanding the above, the Committee reserves the right to accept or reject at its solediscretion any application for the Loan.Loan Amount1. The Loan will provide up to 50% of the tuition fees of the MAF program per student. (Pleaserefer to our website for updated information on fees.)Repayment Of Principal and Interest Calculation1. Repayment of the Loan (including all applicable interest) shall be made by equal monthlyinstallments commencing in January in year following admission into the program. The Loanand Interests shall be repaid over a maximum of 24 months, after graduation.2. Please refer to the drawdown and repayment schedule.3. Full redemption of the Loan will be allowed at any time, without penalty. However, a 30-daynotice of redemption must be provided to SMU, to enable the processing of the redemption.Partial redemption will not be allowed.4. All repayments of principals and interests shall be paid via GIRO. A GIRO form should becompleted and sent together with the acceptance of the Loan, if the Loan has beenapproved.5. Interest rate for the Loan will be 2% per year to cover administrative cost.6. The period for the calculation of interest will be based on January-December year (the“Interest Period”).7. Interest will be levied on the amount drawn down.8. Interests will be calculated and will accrue, at the beginning of the Loan, and shall be paid inequal installment, contained in a schedule to be provided in the offer letter.• In the event of redemption of the Loan, interest shall be pro-rated based on the periodthe loan remained outstanding.2

Application Procedure1. Download the application form from the SMU website: www.smu.edu.sg/MAF.2. Print the application form and sign.3. Submit duly completed and signed application form with all supporting documents (asabove).4. All applicants will be notified of the decision of the Committee by mail.3

APPLICATION FORMFOR SMU (MAF) TUITION LOAN SCHEMETo: SINGAPORE MANAGEMENT UNIVERSITYIntake:1. PERSONAL PARTICULARSa. Main ApplicantName:Sex:Date of Birth:NRIC/Passport Number:Nationality / Citizenship:Singapore PR:M / FYes / NoTelephone (Home):Telephone (Mobile):Email:Home Address:Postal Code:Postal Address (ifdifferent from HomeAddress):Postal Code:Occupation:Employer:Monthly income:1 of 4

2. GUARANTORName:Sex:Relationship to MainApplicant:Date of Birth:NRIC/Passport Number:Nationality / Citizenship:Singapore PR:Telephone (Home):Telephone (Mobile):Email:Home Address:M / FYes / NoPostal Code:Postal Address (ifdifferent from HomeAddress):Postal Code:Occupation:Employer:Monthly income:2 of 4

3. OTHER INFORMATIONa. Have you been or are you suffering from any physical impairment or disease?Yes / NoIf Yes, please elaborate:b. Have you ever been charged in a court of law in any country?Yes / NoIf Yes, please elaborate:c. Are you an undischarged bankrupt?Yes / NoIf Yes, please elaborate:d. Is your guarantor an undischarged bankrupt?Yes / NoIf Yes, please elaborate:3 of 4

MAIN APPLICANT’SSIGNATURE:DATE:MAIN APPLICANT’SNAME:MAIN APPLICANT’SNRIC / PASSPORT NO:For Official Use OnlyApproved / Not ApprovedSigned :Name of Authorised Officer :Office/School : :Comments (if any)4 of 4

ANNEX AGUARANTEE AND INDEMNITYDate :To : SINGAPORE MANAGEMENT UNIVERSITY50 Stamford Road #04-01Singapore 178899(the “Lender”)From :Full name of Guarantor:NRIC/Passport No. :Address of Guarantor:(the “Guarantor”)1. INTERPRETATION1.1 In this Guarantee and Indemnity (“Guarantee”), unless the context otherwise requires:"Borrower" means :-Name :NRIC / Passport No. :Address :“Guaranteed Amounts" means all amounts (whether principal, interest, fee or otherwise)whatsoever payable by the Borrower to the Lender and its successors in title or assigns under or inconnection with the Loan Document and references to the Guaranteed Amounts includereferences to any part of them;"Loan Document” means the duly approved Application Form for SMU (MAF) Tuition LoanScheme (copy of which the Guarantor hereby confirms receipt of) submitted by the Borrower, theterms of which are as stated therein and which may be from time to time amended orsupplemented (whether before or after the signing of this Guarantee) in any manner or respectwhatsoever, and references to the Loan Document include references to any one or more of itsprovisions;1.2 In this Guarantee, unless the context otherwise requires, clause headings are inserted forconvenience of reference only and shall be ignored in the interpretation of this Guarantee; wordsimporting the plural shall include the singular and vice versa; and references to any documentinclude such document as may be from time to time amended or supplemented and any and everyother documents referred to in such document.1 of 4

2. GUARANTEEIN CONSIDERATION of the Lender acting under or in connection with the Loan Document (a copy ofwhich the Guarantor acknowledges having received), the Guarantor unconditionally and irrevocablyguarantees, as a continuing obligation, the prompt and punctual payment by the Borrower of theGuaranteed Amounts and unconditionally and irrevocably undertakes, as a continuing obligation, withthe Lender that, if for any reason the Borrower does not make such payment in the time and mannerprovided in the Loan Document or as contemplated thereunder, the Guarantor shall pay theGuaranteed Amounts upon first written demand by the Lender.3. PRINCIPAL DEBTORThe Guarantor shall be deemed to be liable for the Guaranteed Amounts as sole or principal debtor.4. CONTINUING LIABILITYThe Guarantor's liabilities and obligations under this Guarantee shall remain in force notwithstandingany act, omission, neglect or event whatsoever, except the proper and valid payment of all theGuaranteed Amounts and an absolute discharge or release of the Guarantor signed by the Lender;and without prejudice to its generality, the foregoing shall apply in relation to anything which wouldhave discharged the Guarantor (wholly or in part) or which would have afforded the Guarantor anylegal or equitable defence.5. GUARANTOR'S LIABILITIES NOT IMPAIRED5.1 Without prejudice to the generality of the foregoing, none of the Guarantor's liabilities or obligationsunder this Guarantee shall be impaired by:(a)(b)(c)(d)(e)the Lender agreeing with the Borrower to any variation or departure (however substantial) of or fromthe Loan Document, so that any such variation or departure shall, whatever its nature, be bindingupon the Guarantor in all circumstances, notwithstanding that it may increase or otherwise affect theGuarantor's liability;the Lender releasing or granting any time or any indulgence whatsoever to the Borrower and, inparticular, waiving any contravention by the Borrower of any of the terms in the Loan Document, orentering into any transaction or arrangements whatsoever with or in relation to the Borrower or anythird party;the Lender taking, accepting, varying, dealing with, enforcing, abstaining from enforcing, surrenderingor releasing any security for the Guaranteed Amounts in such manner as it thinks fit;the bankruptcy of the Borrower, the Guarantor or any other person or the commencement of thesame; andthe illegality, invalidity or unenforceability of or any defect in any provision of the Loan Document, thisGuarantee or any other security, guarantee, indemnity or any of the obligations of the Borrower orany other parties thereunder.2 of 4

6. MAKING OF DEMANDS6.1 Demands under this Guarantee may be made from time to time, and the Guarantor's liabilities andobligations under this Guarantee may be enforced, irrespective of:(a)(b)whether any steps or proceedings are being or have been taken against the Borrower or any thirdparty; orwhether or in what order any security to which the Lender may be entitled in respect of theGuaranteed Amounts is enforced.7. REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS7.1 The Guarantor acknowledges that the Lender has entered into the Loan Document in full reliance onrepresentations by the Guarantor that the obligations of the Guarantor under this Guarantee are legal,valid, binding and fully enforceable on the Guarantor.7.2 The Guarantor undertakes with the Lender that, from the date of this Guarantee until the TotalIndebtedness have been discharged, the Guarantor will at his own expense execute and/or sign anyother document as in the Lender's reasonable opinion may be necessary or desirable for the purposeof implementing the terms and provisions of this Guarantee;8. INDEMNITYAs a separate, additional and continuing obligation, the Guarantor unconditionally and irrevocablyundertakes with the Lender that, should the Guaranteed Amounts not be recoverable from theGuarantor under Clause 2 for any reason whatsoever (including, but without prejudice to thegenerality of the foregoing, by reason of any provision of this Guarantee being or becoming void,unenforceable or otherwise invalid under any applicable law) then, notwithstanding that it may havebeen known to the Lender, the Guarantor as a sole, original and independent obligor will, upon firstwritten demand by the Lender under Clause 2, make payment of the Guaranteed Amounts by way offull indemnity.9. MISCELLANEOUS9.1 The Guarantor shall on demand pay to the Lender, in each case on the basis of full indemnity, allexpenses (including legal, printing, publicity and out-of-pocket expenses) incurred in connectionwith the preservation, enforcement or the attempted preservation or enforcement of the Lender'srights under this Guarantee.9.2 A statement as to any amount due to the Lender under this Guarantee which is certified as beingcorrect by an officer of the Lender shall be conclusive evidence that such amount is in fact due andpayable in the absence of manifest error.9.3 The rights of the Lender under this Guarantee are cumulative, may be exercised as often as itconsiders appropriate and are in addition to its rights under the general law. The rights of theLender under the Loan Document shall not be capable of being waived or varied otherwise than byan express waiver or variation in writing; and in particular any failure to exercise or any delay inexercising any of such rights shall not operate as a waiver or variation of that or any other suchright; any defective or partial exercise of any of such rights shall not preclude any other or furtherexercise of that or any other such right; and no act or course of conduct or negotiation on its part oron its behalf shall in any way preclude it from exercising any such right or constitute a suspensionor any variation of any such right.3 of 4

9.4 Any notice or communication under or in connection with this Guarantee shall be in writing andshall be delivered personally, or by post, or telefax to the address given in this Guarantee or atsuch other address as the recipient may have notified to the other party in writing. Proof of postingor despatch of any notice or communication to the Guarantor shall be deemed to be proof ofreceipt:9.5 This Guarantee is governed by and shall be construed in accordance with the Laws of Singapore.The Guarantor irrevocably submits to the non-exclusive jurisdiction of the courts of SingaporeTHE GUARANTORName of Guarantor :NRIC /Passport No. :WITNESSName of Witness :NRIC /Passport No. :4 of 4