TDSR limit waived for borrowers seeking deferred mortgage payments: MAS
To help ease the impact on the covid-19 pandemic, the latest move by MAS allows borrowers defer their mortgage payments. MAS is granting waiver for applying Total Debt Servicing Ratio (TDSR) limit. This applies to both residential and non-residential mortgages. Where applicable, MAS will also grant similar concession to borrowers under the Mortgage Servicing Ratio (MSR) scheme.
Source: https://www.businesstimes.com.sg/banking-finance/tdsr-limit-waived-for-borrowers-seeking-deferred-mortgage-payments-mas
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