How to Defer Your Mortgage Loan Payments Depending on Your Bank


As part of measures to ease financial strain due to COVID-19, the Monetary Authority of Singapore (MAS) has recently announced that individuals can apply to defer their property loans.

The application process and specific details will differ depending on the bank your mortgage loan is under.


To be eligible for interest-only repayment on property loans for up to six months, individuals have to meet the following criteria:

  • An existing UOB property loan for residential or commercial property in Singapore;
  • A good loan repayment history;
  • Employed in one of the following industries: aviation, food and beverage, hospitality, retail, transportation, or tourism; and
  • Have their monthly income reduced to COVID-19.

Eligible individuals can apply here.

More information on UOB’s Property Loan Payment Relief Programme can be found here.


Home loan customers can apply to defer either their principal payment, or both principal and interest payments up to 31 December 2020. Interest will accrue only on the deferred principal amount; no interest will be charged on the deferred interest payments. Individuals do not need to demonstrate any impact from COVID-19 to obtain the deferment.

The only required criterion is that individuals have not missed more than 3 months of instalment payment.

There are two schemes available, namely the Mortgage Payment Deferment Scheme and the Mortgage Interest-only Scheme.

More details can be found here.

To apply for any of the schemes, you can fill in this editable form and submit it to One form is needed for each loan account.


To be eligible for DBS Home Loan Payment Relief and defer payment of your home loan monthly instalment till December 2020, applicants’ home loan accounts must not be more than 90 days in arrears. Individuals do not need to demonstrate any impact from COVID-19 to apply for the relief.

Interest will continue to accrue during the deferment period. The interest amount will be higher compared to if you have been paying your monthly instalments, as your outstanding loan amount remains unchanged during the deferment period.

One single application here will apply to all your home loan accounts with DBS. More information on DBS Home Loan Payment Relief can be found here.


Maybank home loan customers may choose to defer either principal payment, or both principal and interest payments, up till 31 December 2020. During this period, interest will accrue only on the deferred principal amount and no interest will be charged on the deferred interest payments (where applicable).

To be eligible for Maybank Home Loan Repayment Relief, individuals have to:

  • Be a Singaporean or Singapore Permanent Resident;
  • Be an existing Maybank housing loan customer in Singapore; and
  • Not have their home loan account in arrears for more than 90 days as at 6 April 2020.

Individuals can apply for relief here and obtain further information here.

Standard Chartered Bank

Individuals can opt for either deferment of principal (DP) or deferment of principal and interest (DPI).

Under DP, repayment of your principal amount will be deferred till 31 December 2020, where you are required to service only the interest amount till 31 December 2020.

Under DPI, your full monthly instalments will be deferred till 31 December 2020. This means that during this deferment period, you are not required to service the monthly instalments of your Mortgage Loan. All requests are subjected to review.

To apply for relief, individuals have to make a written request to with the following details:

  • Name;
  • Occupation;
  • Industry; and
  • Reason for application.

Do note that the relief measure is subject to approval and review by Standard Chartered Bank.

If you require any assistance in your mortgage loan, do contact us and see how we can help you with your loan payments.