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 5 October 2020, MAS and the financial industry announced an extension of support measures to help individuals facing cashflow difficulties transition gradually to full loan repayments. Individuals who have not taken up relief yet but face difficulty repaying their loan obligations in 2021, can also 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 student loans, and extended assistance for personal unsecured credit and debt consolidation plan. Applications open from 9 November 2020 until 30 June 2021.

Find out how to apply.

Helping Individuals Ease Financial Difficulties

These measures expire on 31 December 2020.

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 .