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Singapore Banks Ease Burden on Borrowers

Singapore Banks Ease Burden on Borrowers

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FintechNews Roundup
··1 min read

Local lenders in Singapore are offering consumers and small businesses relief during the current crisis; this includes a freeze on mortgage and business loans along with cuts on credit card interest rates; banks and other institutions are able to defer principal and interest payments on mortgages through the end of the year according to the Monetary Authority of Singapore; small businesses are able to defer principal payments until year end as well; Over $28 billion in loans to small businesses are expected to qualify for the new plans; Bloomberg shares other news happening in the region related to the coronavirus. Bloomberg

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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