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

The HDB has expedited almost 2,500 families with their Housing and Development Board house loan settlements from Apr to Aug 2020, announced the MND in Parliament on 14 October 2020.

Of these, 864 residentials came to a decision to defer their instalment expenditures, while 277 cut down their funding installments.

MND made the declaration in return to Member of the Parliament Ng Ling Ling, that wondered on how many ask for deferments of HDB financial loan fee were taken in by Housing and Development Board from the start of the circuit breaker duration and also the scale of the certified applications.

The Landmark – Chin Swee Road

“Housing and Development Board accommodates private financial advise to citizens asking for assist with their Housing and Development Board house loan contributions to understand their needs, and also identify suitable actions to help them,” stated MND.

It mentioned that the help actions encompass making it possible for home owners to put on hold or minimize credit pay outs as well as prolong their home loan period subject specified age limitations.

“As the financial counselling is alternative, we are not able to provide data on the range of family units that applied specifically to put on hold their property loan installments,” Ministry of National Development mentioned.

Even so, Ministry of National Development assured that they are thoroughly tracking the condition and will examine the competence of their support efforts as the issue develops.


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