Supporting Individuals through COVID-19

Support measures to ease cashflow and reduce debt obligations.

Overview

MAS has worked with financial institutions in Singapore to offer relief packages to support individuals facing financial difficulties due to the COVID-19 pandemic.

Latest update: On 24 June 2021, MAS and the financial industry extended the application window for support measures for individuals, from 30 June 2021 to 30 September 2021. Individuals who face difficulty repaying their loan obligations can consider applying for these support measures, subject to the eligibility criteria.
Find out more about the extended support measures for individuals. 

Helping Individuals Transit to Full Loan Repayments

Measures include reduced instalment plans for property loans, loan tenure extension for renovation and non-MOE student loans, and extended assistance for personal unsecured credit and debt consolidation plan. Applications will close on 30 September 2021.

Find out how to apply.

Helping Individuals Ease Financial Difficulties

These measures have mostly expired on 31 December 2020, except for the extended assistance for personal unsecured credit, debt consolidation plan, waiver of debt servicing requirements for refinancing or repricing of investment property loans, and flexible instalment plans for general insurance.

Frequently Asked Questions

Read the FAQs on the measures introduced by MAS and the financial industry to help individuals affected by the COVID-19 pandemic.

Enquiries

If you have further queries on MAS’ and the financial industry’s support measures, please email webmaster@mas.gov.sg .