Notice 1106A Residential Property Loans – Fact Sheet
This notice applies to all merchant banks in Singapore. Merchant banks are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule.
This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through different channels.
- 01 Jan 2018
- MAS Notice 1106A dated 12 December 2017 takes effect. MAS Notice 1106A dated 19 January 2016 (last revised on 29 September 2016) is cancelled.