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

The HDB has assisted approximately 2,500 houses with their HDB mortgage pay outs from April to Aug 2020, exposed the Ministry of National Development in Parliament on 14 Oct.

Of these, 864 houses made a choice to delay their loan payments, while 277 decreased their home loan repayments.

One Bernam – Bernam Street

MND prepared the report in reply to MP Ng Ling Ling, who sought on how many ask for postponement of HDB loan monthly payment were accepted by HDB from day one of the circuit breaker moment also the rate of the certified appeals.

“Housing and Development Board offers one-to-one financing counselling to property owners seeking assist with their HDB financial loan installments to learn about their commitments, in order to calculate suited procedures to assist them,” expressed Ministry of National Development.

It mentioned that the relief solutions constitute letting owners to extend or lessen property loan expenditures as well as stretch their mortgage term subject specific age boundaries.

“As the financial counselling is comprehensive, we are not able to provide facts on the number of families who asked particularly to delay their property loan fees,” it declared.

Nonetheless, MND guaranteed that they are tightly observing the condition and is going to review the competence of their aid means as the issue advances.

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