864 Households Applied For HDB Loan Deferments From April To August 2020: MND

The Housing and Development Board has expedited almost 25 hundreds residentials on their HDB house loan repayments from Apr to August 2020, made known the Ministry of National Development in Parliament on 14 Oct 20.

Clavon – Clementi Ave 1

Within 2,500, 864 residentials opted to defer their funding monthly payments, the other 277 cut back their loan installments.

MND produced the declaration in reply to Member of the Parliament Ng Ling Ling, who inquired on the amount of demand for delay of HDB loan repayment were been given by HDB from the beginning of the circuit breaker term additionally the proportion of the certified inquiries.

“Housing and Development Board presents personal monetary guidance to individuals looking for support with their Housing and Development Board financial loan installments to recognize their requirements, and also recognize well-suited solutions to aid them,” explained MND.

It indicated that the aid measures offer supporting property owners to postpone or reduce loan expenses , also increase their credit tenure subject particular age limits.

“As the financial guidance is alternative, we are not able to provide records on the number of houses who sought especially to delay their financial loan charges,” Ministry of National Development pointed out.

Nevertheless, Ministry of National Development ensured that they are closely checking the situation and will assess the capacity of their support efforts as the scenario develops.

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