Regulatory Alerts2021-06-28
Added · Updated
MAS Notice 1106B Residential Property Loans
This Notice exempts Merchant Banks in Singapore from specific provisions of MAS Notice 1106 regarding residential property loans and refinancing facilities during the period from 1 July 2021 until six months after the Ministry of Health revises the Disease Outbreak Response System Condition to “Green”. The exemptions allow borrowers to defer principal or interest repayments for up to 36 months, extend facility tenures by an additional 36 months, and grant refinancing facilities with extended tenures without being subject to standard regulatory constraints. These measures apply to credit facilities secured by residential property and include borrowers who have committed to a Debt Reduction Plan.
More like this from MAS
We email you every new MAS publication the day it's published.