Notices
 Last Revised Date: 14 December 2022

Notice 632A Residential Property Loans – Fact Sheet

Information banks must include in the required fact sheet to borrowers before granting a residential property loan.

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 632A Residential Property Loans – Fact Sheet (332.3 KB)

This notice applies to all banks. 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.

For further guidance on the revised MAS Notice 632A, please refer to Frequently Asked Questions (3 April 2023) (153.2 KB).

Amendment Notes

01 Jan 2018
MAS Notice 632A dated 12 December 2017 takes effect. MAS Notice 632A dated 19 January 2016 (last revised on 29 September 2016) (385.7 KB) is cancelled.
01 Apr 2016
MAS Notice 632A dated 19 January 2016 (355.2 KB) takes effect. MAS Notice 632A dated 30 November 2011 is cancelled.

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