864 Households Applied For HDB Loan Deferments From April To August 2020: MND - Midwood™ Condo @ Hillview Rise (Updated - 2021)

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

The HDB has boosted around 2,500 households with their Housing and Development Board mortgage loan pay outs beginning April to Aug 2020, exposed the MND in Parliament on 14 October.

Of these, 864 houses decided to put on hold their instalment expenses, the other 277 cut down their credit premiums.

Ministry of National Development provided the declaration in reaction to MP Ng Ling Ling, that questioned on how many application for deferments of HDB mortgage expenditure were accepted by HDB from the beginning of the CB duration in addition to the percentage of the confirmed appeals.

“HDB arranges exclusive monetary counselling to citizens getting assist with their Housing and Development Board house loan settlements to find out their concerns, furthermore recognize ideal measures to help them,” said MND.

It recorded that the help strategies constitute letting property owners to delay or minimize property loan payments as well as increase their credit period subject particular age limits.

“As the personal economic guidance is holistic, we do not have facts on the amount of family units that appealed exclusively to put on hold their home loan installments,” MND stated.

Midwood – Hillview Rise

Nevertheless, MND assured that they are carefully keeping track of the circumstance and is going to assess the adequacy of their assistance means as the issue develops.


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