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

The HDB has supported almost 2,500 households with their HDB home loan installments from April to August 2020, made known the MND in Parliament on 14 Oct 20.

Of these, 864 family units opted to delay their financial loan monthly payments, the other 277 reduced their funding payments.

Ministry of National Development created the report in return to Member of the Parliament Ng Ling Ling, who inquired on the amount of requests for delay of Housing and Development Board home loan monthly payment were obtained by HDB from day one of the circuit breaker phase additionally the division of the certified appeals.

“HDB presents one-to-one personal economic counselling to individuals seeking assist with their HDB house loan pay outs to figure out their demands, and find practical actions to help them,” responded Ministry of National Development.

It documented that the help actions incorporate endorsing residents to delay or lessen house loan premiums and lengthen their mortgage period subject specified age limitations.

One North Gateway Condo – One North Gateway

“As the monetary counselling is alternative, we did not calculate any data on the quantity of residentials that sought particularly to postpone their credit installments,” MND announced.

Nevertheless, MND ascertained that they are carefully keeping track of the situation and is going to assess the competence of their help measures as the scenario advances.


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