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

The HDB has helped around 2.5K homes with their HDB house loan expenditures beginning Apr to Aug 2020, made known the Ministry of National Development in Parliament on 14 October.

Of these, 864 homes preferred to defer their funding settlements, the other 277 scaled down their financial loan monthly payments.

Ministry of National Development came up with the report in answer to MP Ng Ling Ling, who asked on the number of ask for delay of Housing and Development Board property loan expenditure were accepted by HDB from the beginning of the circuit breaker time frame and also the scale of the endorsed demands.

“HDB offers personal financial counselling to people searching for assist with their HDB mortgage loan payments to find out their commitments, in order to recognise ideal solutions to assist these people,” mentioned MND.

The M – Middle Road

It mentioned that the relief means incorporate allowing home owners to put on hold or lower financial loan payments and spread out their home loan tenure subject specific age restrictions.

“As the financing counselling is alternative, we are not able to provide records on the range of homes who sought especially to postpone their credit expenditures,” MND mentioned.

Nevertheless, MND made sure that they are tightly overseeing the issue and will evaluate the sufficiency of their support procedures as the issue changes.


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