864 Households Applied For HDB Loan Deferments From April To August 2020: MND
The Housing and Development Board has helped almost 2.5K houses with their Housing and Development Board home mortgage fees from Apr to Aug 2020, announced the Ministry of National Development in Parliament on 14 Oct.
Among the 2.5K, 864 families decided to delay their home loan contributions, the other 277 decreased their financial loan charges.
Ministry of National Development came up with the announcement in reaction to MP Ng Ling Ling, that queried on the amount of requests for postponement of HDB funding fee were accepted by Housing and Development Board from the beginning of the CB period as well as the scale of the permitted demands.
“HDB presents private financial counselling to home owners finding aid with their HDB mortgage monthly payments to learn about their needs, furthermore pick out ideal actions to help them,” expressed Ministry of National Development.
It indicated that the assistance efforts encompass letting owners to defer or lower credit repayments or even spread out their loan tenure subject specified age limits.
“As the financing counselling is comprehensive, we do not have records on the number of family units who appealed especially to put on hold their property loan settlements,” it explained.
Nevertheless, Ministry of National Development made sure that they are meticulously supervising the circumstance and is going to revise the competence of their assistance actions as the circumstance develops.