Notices
 Last Revised Date: 29 November 2013

Notice 116 Bridging Loans for the Purchase of Immovable Properties

Requirements insurers must meet when disbursing bridging loans for property to individuals.

Issued pursuant to:

Insurance Act (Cap. 142) section 64(2)

Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite)
View Notice Notice 116 Bridging Loans for the Purchase of Immovable Properties (240.6 KB)

This notice applies to all direct insurers. It sets out the requirements for insurers granting bridging loans to individuals, including bridging loans to be used for the purchase of an HDB flat.

Amendment Notes

07 Apr 2010
Notice 116 dated 7 Apr 2003 [Cancelled with effect from 1 Dec 2013]