Working together with the MAS, the SFRP is aimed at helping our households and companies tide over this crisis as Covid-19 increasingly impacts the economy of Singapore.

Customers should get in touch with their banks to understand in greater detail how they may benefit from the Programme, with the contact information below. Please do NOT visit your bank branches unless you have to, and maintain social distancing if you do.

The SFRP covers SME loans, as well as consumer mortgages and unsecured credit, and is intended to help our customers through their temporary shortfall in household income and business revenues caused by this crisis situation. We urge everyone to be prudent with their finances during this period.

Borrowers should bear in mind that repayment deferments and tenure extensions will result in higher total interest costs over the course of the loan. Borrowers should defer repayments only if they need to.

Please click here for the MAS Media Release on 31 March 2020.