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

The HDB has supported almost 25 hundreds houses on their HDB home loan payments from Apr to August 2020, disclosed the MND in Parliament on 14 October.

Within 2,500, 864 households made a choice to delay their instalment fees, the other 277 cut down their financial loan fees.

Avenue South Residence – Silat Avenue

Ministry of National Development came up with the article in reply to Member of the Parliament Ng Ling Ling, that queried on how many application for postponement of HDB financial loan contribution were gone through by HDB from the commencement of the circuit breaker time frame as well as the percentage of the endorsed applications.

“Housing and Development Board renders private personal economic guidance to home owners searching for support with their Housing and Development Board home loan charges to find out their necessities, and also recognize practical actions to expedite these people,” declared Ministry of National Development.

It marked that the assistance means include permitting home owners to delay or cut down on financial loan monthly payments or even increase their credit period subject particular age restrictions.

“As the financial guidance is comprehensive, we are not able to provide data on the amount of families who applied exclusively to postpone their financial loan repayments,” MND explained.

In spite of that, Ministry of National Development ascertained that they are meticulously monitoring the circumstance and is going to evaluate the competence of their aid measures as the scenario changes.


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