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Measures aimed at easing cash flow concerns to include education, vehicle and renovation loans Individuals can choose to temporarily halt payments for education, renovation and motor vehicle loans, in a move by the Monetary Authority of Singapore (MAS) and the finance sector to ease cash flow concerns amid the coronavirus pandemic. Those with commercial or industrial property loans, as well as mortgage equity withdrawal loans, can also apply to their banks to defer payments until the end of this year, subject to certain requirements. Service fees that are...

SINGAPORE - Individuals can choose to temporarily halt payments for education, renovation and motor vehicle loans, in a move by the financial sector to ease cash flow concerns arising from the coronavirus pandemic. Those with commercial or industrial property loans, as well as mortgage equity withdrawal loans, can also apply to their banks to defer payments until the end of this year, subject to certain requirements. Service fees that are typically charged for failing to maintain the minimum average daily or monthly balances in one's retail bank account can ...