Extended Credit Support Scheme

With the economic impact of Covid-19 expected to last longer, we recognize it can be challenging and worrying for you. Together with the industry, we are extending our financial support to SIF customers via the Extended Credit Support Scheme (ESS).

For Individuals

  • Property Loans
    • Borrowers may apply for reduced instalment payments, pegged at 60% of the monthly instalment for a period of up to 9 months or 31 December 2021, whichever is earlier.
    • Loan tenure extension of up to 3 years may be granted on a case-by-case basis.
    • Criteria:
      • Opt-in basis for borrowers impacted by COVID-19
      • Borrower to provide proof of income / employment impact for assessment
      • Monthly loan repayments are no more than 90 days past due at point of application
    • Application period is extended till 30 September 2021
  • Motor Vehicle Loans and Hire Purchase Agreements
    • Borrower may approach SIF to discuss suitable repayment plans on a case-by-case basis.

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