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A third of home loan borrowers face repayment challenges: poll

OCBC's Financial Wellness Index dips from the setback to Singaporeans' financial health brought by the pandemic

Published Mon, Nov 23, 2020 · 09:50 PM

Singapore

COVID-19 was a setback for Singaporeans' financial health, impacting their ability to pay their housing loans and dragging down their passive income, a survey by OCBC has found.

The OCBC Financial Wellness Index, which launched in 2019, has dipped to 61 this year, down from 63, on the back of the pandemic fallout and the resulting global economic slowdown.