864 Households Applied For HDB Loan Deferments From April To August 2020: MND
The HDB has served approximately 25 hundreds families with their Housing and Development Board financial loan repayments starting April to Aug 2020, announced the Ministry of National Development in Parliament on 14 Oct.
Among the 2.5K, 864 households preferred to delay their funding monthly payments, while 277 decreased their home loan repayments.
Ministry of National Development produced the declaration in answer to Member of the Parliament Ng Ling Ling, that questioned on the number of ask for delay of Housing and Development Board property loan installment were obtained by HDB from the beginning of the CB term including the division of the validated demands.
“HDB accommodates one-to-one financing guidance to home owners seeking aid with their Housing and Development Board property loan installments to figure out their requirements, in order to pick out practical measures to assist them,” expressed Ministry of National Development.
It noted that the aid procedures include things like permitting home owners to defer or minimize house loan installments or even expand their credit term subject specific age limitations.
“As the financing guidance is comprehensive, we are not able to provide data on the range of residentials who asked particularly to delay their loan repayments,” it explained.
Even so, Ministry of National Development ensured that they are tightly tracking the situation and will review the capacity of their relief measures as the circumstance evolves.