What is a GIRO Form?

GIRO (General Interbank Recurring Order) is a convenient electronic payment method that allows you to make automatic payments from your bank account to Hong Leong Finance. By setting up a GIRO arrangement, you authorize Hong Leong Finance to deduct payments directly from your designated bank account on a pre-determined schedule.

Obtaining the Form

You can typically obtain a Hong Leong Finance GIRO form through the following channels:

• Hong Leong Finance Branch: Visit any Hong Leong Finance branch in Singapore and request a physical copy of the GIRO form.
• Hong Leong Finance Website: Check the Hong Leong Finance website. You may be able to download a printable PDF version of the form. Look for it in the ‘Forms’ or ‘Customer Service’ sections.
• Upon Loan Application: The form may be provided to you during your loan application process.

Filling Out the GIRO Form: Step-by-Step

The Hong Leong Finance GIRO form usually requires the following information. Ensure you fill it out accurately to avoid delays in processing.

1. Borrower’s Information:
   • Your full name (as it appears on your bank account)
   • Your NRIC/FIN number
   • Your contact number
   • Your Hong Leong Finance loan account number or other relevant account number.
2. Bank Account Details:
   • Name of your bank (e.g., DBS, OCBC, UOB)
   • Your bank account number
   • Branch code (if required)
3. Payment Details:
   • The amount to be deducted (if a fixed amount) or instructions for varying amounts.
   • Frequency of deductions (e.g., monthly, quarterly)
   • Start date of GIRO arrangement
4. Authorization:
   • Your signature (must match the signature on your bank account records)
   • Date of signing

Important Considerations

• Accuracy: Double-check all information, especially your bank account number and loan account number, before submitting the form.
• Signature: Ensure your signature matches the one on file with your bank.
• Bank’s Approval: Hong Leong Finance will forward the GIRO form to your bank for approval. The approval process may take a few business days.
• Notification: You will typically receive a notification from either Hong Leong Finance or your bank confirming the successful setup of the GIRO arrangement.
• Sufficient Funds: Ensure you have sufficient funds in your bank account to cover the GIRO deductions. Insufficient funds may result in late payment fees.
• Cancellation: To cancel your GIRO arrangement, you will need to notify both Hong Leong Finance and your bank.

Submitting the Form

Once you have completed the GIRO form, you can typically submit it to Hong Leong Finance through the following methods:

• In Person: Submit the form at any Hong Leong Finance branch.
• By Mail: Mail the completed form to the address provided on the form or on the Hong Leong Finance website.