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9 in 10 bids to defer mortgage payments get approval

Banks in Singapore have also approved most deferments sought by SMEs on secured loans

Published Tue, May 26, 2020 · 09:50 PM

Singapore

BANKS have approved about nine in 10 applications by property buyers to defer the payment of their mortgages.

They have also approved more than 90 per cent of applications submitted by small and medium-sized enterprises (SMEs) to defer payments on secured loans.

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