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

The Housing and Development Board has assisted almost 2.5K residentials on their HDB home loan fees starting April to August 2020, announced the Ministry of National Development in Parliament on 14 October.

Of these, 864 households considered to defer their instalment installments, the other 277 decreased their financial loan monthly payments.

Klimt Cairnhill – Cairnhill Road

Ministry of National Development came up with the article in action to Member of the Parliament Ng Ling Ling, that queried on the amount of ask for delay of Housing and Development Board credit installment were obtained by Housing and Development Board from the commencement of the CB phase also the proportion of the endorsed applications.

“HDB arranges personal financial guidance to house owners getting assist with their HDB mortgage loan expenses to recognize their requirements, and calculate well-suited procedures to boost these people,” stated Ministry of National Development.

It marked that the assistance strategies are composed of letting property owners to postpone or lessen home loan pay outs and lengthen their loan period subject certain age restrictions.

“As the financial counselling is holistic, we did not calculate any data on the quantity of residentials who asked especially to delay their property loan settlements,” it claimed.

Nevertheless, Ministry of National Development confirmed that they are tightly checking the situation and is going to examine the competence of their relief measures as the situation changes.