Home Loan/Financing
We offer a 6-month loan/financing moratorium or 50% reduction of instalments for six months for home loan/financing repayment/payment.
  • The above options apply to payment relief packages applications made on 7 July 2021 onwards.
  • The packages will commence from the next instalment from the date of selection.
  • If you have an existing payment relief package and decide to select one of the options listed above, your most recent option will precede your existing package.
  • Taking up a payment relief package will not impact your CCRIS record.
  • When your financial situation improves, please call us at 03-5516 9988 to discuss your repayment/payment terms. Doing so will reduce your overall financing costs.
6-month loan/financing moratorium 50% reduction of instalment
for six months
  1. Your loan/financing will be extended by 6 months.
  2. There will be no compounding interest/profit during the 6-month moratorium/6-month payment relief period.
  3. The accrued interest/profit during the moratorium will be included into your outstanding loan/financing after the 6 months.
  4. The overall financing cost will be higher due to the extension of the loan/financing tenure and the interest/profit accrued to the outstanding loan/financing.
  1. Your loan/financing will be extended by 6 months.
  2. The overall financing cost will be higher due to the extension of the loan/financing tenure and the reduced monthly instalment which may increase the loan/financing outstanding. This is because the reduced monthly instalment paid may not be sufficient to offset the accrued interest/profit (“Unpaid interest/profit”).
  3. There will be no compounding interest on the Unpaid Interest during the 6-month payment relief period.

For more information on the above, please contact us at 03-5516 9988.