Regulatory Alerts2020-02-17
Added · Updated
MAS Notice 825B Residential Property Loans
This Notice exempts finance companies from specific loan tenure and repayment restrictions in MAS Notice 825 for residential property and refinancing facilities, provided borrowers request deferment or tenure extensions during defined periods. For requests made between 6 April 2020 and 8 November 2020, cumulative deferment periods are capped at 12 months, with no interest charged on deferred interest. For requests made between 9 November 2020 and the End Date, cumulative deferment periods are capped at 36 months, and tenure extensions may add up to 36 months to the maximum applicable tenure.
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