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

The Housing and Development Board has served roughly 2.5K houses with their HDB loan contributions starting April to August 2020, made known the MND in Parliament on 14 Oct.

The Tre Ver – Potong Pasir Ave 1

Within 2,500, 864 residentials preferred to postpone their loan expenses, while 277 lowered their financial loan repayments.

MND produced the article in respond to Member of the Parliament Ng Ling Ling, who queried on the number of ask for delay of Housing and Development Board financial loan payment were gone through by Housing and Development Board from day one of the CB time span along with the ratio of the permitted inquiries.

“HDB offers exclusive monetary advise to house owners looking for assist with their Housing and Development Board property loan fees to find out their demands, in order to determinate relevant solutions to support these people,” conveyed MND.

It mentioned that the help efforts include approving property owners to defer or cut down on credit installments or even prolong their financial loan period subject certain age restrictions.

“As the personal economic counselling is comprehensive, we are not able to provide records on the number of houses that requested exclusively to postpone their mortgage pay outs,” it announced.

Nonetheless, MND confirmed that they are closely overseeing the situation and will evaluate the adequacy of their help measures as the situation advances.

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