Vincent Ong 6598531741

MAS waives TDSR limits for deferred mortgage repayments

The Monetary Authority of Singapore (MAS) has clarified that certain limits for deferred payments on consumer loans and mortgages will be waived in a bid to help borrowers get through the economic slump.

It explained that the Total Debt Servicing Ratio (TDSR) will not apply to deferment of mortgage repayments for commercial, industrial and residential properties, refinancing of owner-occupied residential mortgages as well as unsecured credit facilities like personal loans and credit cards.

– April 8, 2020

Read Full Article at https://www.propertyguru.com.sg/property-management-news/2020/4/187199/mas-waives-tdsr-limits-for-deferred-mortgage-repayments

Posted in Singapore Property News and tagged , , , , .