How can I be eligible for the relief:
- I have an existing UOB property loan. Property refers to Residential, Commercial and Overseas property.
- My mortgage repayments are not more than 90 days past due.
What it means for my existing property loan:
- Payment of monthly instalment will resume from January 2021.
- Loan tenor will be extended according to the duration of the deferment period.
- Interest will continue to accrue on the principal amount deferred but we will not charge you interest on your interest amount during the deferment period.