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

The Housing and Development Board has aided roughly twenty-five hundreds family units on their HDB mortgage loan contributions beginning April to Aug 2020, made known the MND in Parliament on 14 Oct 20.

Of these, 864 residentials opted to put on hold their property loan monthly payments, while 277 decreased their credit expenses.

Ministry of National Development declared the report in response to MP Ng Ling Ling, who queried on the number of requests for deferments of Housing and Development Board credit expenditure were collected by Housing and Development Board from the beginning of the CB period of time also the division of the accepted applications.

The Florence Residences – Hougang Ave 2

“Housing and Development Board provides one-to-one financial counselling to home owners getting aid with their HDB property loan expenses to find out their needs, and also analyze well-suited measures to benefit them,” declared Ministry of National Development.

It indicated that the assistance actions offer allowing owners to extend or decrease funding payments or even extend their financial loan period subject certain age limitations.

“As the financing guidance is comprehensive, we do not have information on the amount of families who applied for particularly to defer their funding repayments,” it claimed.

In spite of that, MND ensured that they are carefully supervising the issue and is going to evaluate the sufficiency of their help means as the situation changes.

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