Extended Support Scheme (ESS) - Commercial Property Loan for Individuals

    Application Process

    • Complete one form for each loan account.
    • Application is submitted by one borrower on behalf of all joint borrower(s), if applicable.
    • You will receive an email within 4 working days.
    • You may be required to submit income documents before approval.

    Eligibility

    At least 25% loss of income or loss of employment after 1 February 2020.

    60% Monthly Instalment

    • Monthly instalments will be reduced to 60% of your last monthly instalment amount.
    • The reduced monthly instalment amount will cover part of your loan principal each month so that your loan amount is reduced.
    • To help you plan your cashflow, the monthly instalment will be fixed for 9 months and will not change even though interest rate changes during the period.

    Scheme Duration

    • 9 months, or up till 31 December 2021, whichever period ends earlier
    • Apply from now until 30 September 2021

    Loan Tenure

    Extended by 12 months