Regulatory Alerts2022-12-14
Added
MAS Notice 825A Residential Property Loans Fact Sheet
The Monetary Authority of Singapore requires all finance companies to provide and explain a fact sheet to borrowers before granting residential property loans. This notice mandates that the fact sheet must include key information such as the loan tenure, amount, and repayment schedule. It further outlines the specific delivery methods and explanation requirements for communicating this information to borrowers through various channels.
Notices
Last Revised Date: 14 December 2022
Information finance companies must include in the required fact sheet to borrowers before granting a residential property loan.
Property Loans
Issued pursuant to:
Finance Companies Act (Cap. 108) section 30
Applies to:
Finance Company
View Notice
Notice 825A Residential Property Loans – Fact Sheet
(331 KB)
This notice applies to all finance companies in Singapore. Finance companies are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule.
This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through different channels.
For further guidance on the revised MAS Notice 825A, please refer to Frequently Asked Questions (3 April 2023) (153.2 KB) .
15 Dec 2022
MAS Notice 825A (Amendment) 2022 dated 14 December 2022 (416.5 KB) takes effect.
01 Jan 2018 MAS Notice 825A dated 12 December 2017 takes effect. MAS Notice 825A dated 19 January 2016 (last revised on 29 September 2016) is cancelled.
01 Nov 2016
MAS Notice 825A (Amendment) 2016 dated 29 September 2016 (213.9 KB) takes effect.
01 Apr 2016 MAS Notice 825A dated 19 January 2016 takes effect. MAS Notice 825A dated 30 November 2011 is cancelled.
01 Mar 2012 MAS Notice 825A dated 30 November 2011 takes effect.