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

The HDB has helped roughly 2,500 households on their HDB mortgage loan pay outs from Apr to Aug 2020, revealed the MND in Parliament on 14 Oct 20.

Of these, 864 residentials determined to put on hold their credit pay outs, whereas 277 scaled down their funding fees.

Ola EC – Anchorvale Crescent

MND prepared the report in return to Member of the Parliament Ng Ling Ling, that wondered on the number of ask for deferments of HDB credit payment were accepted by HDB from the start of the circuit breaker period of time as well as the percentage of the authorized requests.

“HDB offers one-to-one financing advise to individuals getting help with their HDB home loan premiums to have knowledge of their needs, in order to figure out well-suited efforts to aid them,” conveyed Ministry of National Development.

It indicated that the help measures constitute supporting owners to postpone or lessen funding installments , also increase their loan term subject particular age limitations.

“As the financial guidance is holistic, we are not able to provide data on the number of homes that sought specifically to delay their financial loan pay outs,” MND declared.

Nonetheless, Ministry of National Development ensured that they are thoroughly checking the circumstance and will review the capacity of their help means as the scenario progresses.


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