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Home Loan Payment Relief
If you belong to an industry impacted by this outbreak and are experiencing a decline in your monthly income, we like to help you manage your home loan repayment.
Taking into consideration the financial challenges that you may be facing, the DBS/POSB Home Loan Payment Relief allows you to:
Defer repayment of your principal amount for 6 months, which reduces your monthly repayment amount. Over the 6-month period, you will be paying the interest amount only.
Re-amortise the principal repayment amount deferred over the remaining loan period. Your monthly repayment amount, after the 6-month period, could be higher.
Eligibility:
You must be employed in one of the following industries
Food & Beverages
Hospitality
Retail
Tourism (including taxi drivers, aviation, travel agency)
Transportation
Your monthly income has been reduced due to this outbreak
You have a good loan repayment history