Sunday, March 17, 2013

Physically Disabled Exempt from Financing Restrictions on Motor Vehicle Loans - Singapore

The Monetary Authority of Singapore (MAS) will exempt borrowers who are physically disabled or who are caregivers of the physically disabled from the financing restrictions on motor vehicle loans granted by financial institutions (FIs). MAS will also take into account the depreciation in the value of a used motor vehicle in determining the applicable loan-to-value ratio limit.


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