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Important Information

Relief Measures for Business Banking Clients

To support our existing Business Banking clients who are impacted by the COVID-19 situation, we are offering the following relief measures for clients who may be having difficulties managing their mortgage loan, instalment loan and trade bill repayments.

Please refer to the below FAQs for more details. To apply for our relief measures, please click here.

Relief Scheme Bank’s Interest Servicing Scheme (“ISS”) Special Financial Relief Programme (“SFRP’) Enhanced Extended Support Scheme-Standardised (“ESS-S”)
Loan Facility eligible Business Instalment Loan (BIL)

Enterprise Singapore’s Enterprise Financing Scheme – SME Working Capital Loan (WCL)

Business Working Capital (Trade)

Fully secured loans such as Business Property Loan (BPL) Enterprise Singapore’s Temporary Bridging Loan (TBL) Enhanced Enterprise Financing Scheme – SME Working Capital Loan (eWCL)

Fully secured loans such as Business Property Loan (BPL)

Application Start date 1st Jul 2020 31st Mar 2020 2nd Nov 2020
Application End date 15th Dec 2020 15th Nov 2020 15th Feb 2021 for clients in *Tier 3A and 3B Sectors

15th May 2021 for clients in *Tier 1& 2 Sectors

*for more information on your tiering,  please refer to the below ESS-S hyperlink

Relief Measures  – Principal deferment Eligible existing clients with BIL and WCL can apply for deferment of principal repayment and pay only interest for 3 months with the option to extend loan tenure by the corresponding principal deferment period.

Relief is subject to Bank’s approval.

Please see Annex to MAS’s media release of 31 March 2020, under “Defer Payment of Principal on Secured SME Term Loans”: Click here Please see Annex B to MAS’s media release of 5 October 2020: Click here
Relief Measure for BWC Trade – Bill tenure extension Eligible existing clients with trade facilities experiencing delayed trade payments can request for bill maturity extension for up to 60 days.

Relief is subject to Bank’s approval.

Not applicable Not applicable
Waivers of Business Banking late fees and related charges Clients can request for a waiver of late fees and related charges (such as restructuring cost etc.). Subject to Bank’s approval.
FAQ Please click here Please click here