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Mortgage borrowers, SMEs can seek to defer certain debt repayment till year-end: MAS

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More than S$40 billion of secured borrowings held by SMEs are estimated to qualify to have their principal payments deferred by banks and finance companies by up to the end of this year, MAS said on Tuesday.

DISTRESSED homeowners can soon apply to banks or finance company to defer either just the principal payment or both principal and interest payments, by up to December 31, 2020, amid the virus outbreak, according to latest measures by the Monetary Authority of Singapore (MAS) and industry bodies...

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