864 Households Applied For HDB Loan Deferments From April To August 2020: MND
The HDB has supported nearly 25 hundreds residentials on their HDB mortgage loan expenses from Apr to Aug 2020, made known the MND in Parliament on 14 Oct 20.
Of these, 864 residentials decided to delay their funding expenses, whereas 277 lowered their home loan premiums.
MND provided the statement in reaction to MP Ng Ling Ling, that inquired on the number of requests for deferments of HDB mortgage contribution were received by HDB from the beginning of the circuit breaker time period in addition to the division of the permitted requests.
“Housing and Development Board provides private monetary guidance to residents looking for aid with their Housing and Development Board mortgage loan installments to comprehend their concerns, and determine effective measures to benefit them,” pointed out Ministry of National Development.
It noted that the assistance procedures constitute supporting owners to put on hold or minimize funding payments as well as prolong their home loan period subject specified age boundaries.
“As the financial counselling is holistic, we are not able to provide facts on the number of family units that asked especially to delay their funding installments,” MND announced.
However, MND confirmed that they are meticulously recording the condition and will revise the adequacy of their help actions as the circumstance progresses.