BTExclusive: More than 17,000 applications to defer mortgage payments as virus hits home
Chua Hak Bin, a senior Maybank Kim-Eng economist, estimates that the deferment applications translate to about 3 per cent of total mortgage loan values, by estimating an average loan size of S$400,000.MORE than 17,000 consumers have applied to defer their mortgage repayments, in a nod to the escalating impact of the virus outbreak.
These numbers, collated by The Business Times across seven major retail banks here, are estimated by economists to be about 3 per cent of...
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