Covid-19 Support Measures for Households
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Solidarity Payment (Cash payout for Singaporeans)
For all Singaporeans aged 21 and above in 2020.
$600 to be credited into your bank account or by cheque
14 April 2020: $600 will be credited to your previously provided bank account. If you have not provided account details, do so by 23 April 2020 at https://go.gov.sg/spsc
Additional GST Voucher - U-Save
For all eligible HDB households. Eligible larger households with 5 or more members will receive additional rebate.
2 times or 2.5 times their regular GST Voucher
Over two quarters in April 2020 and July 2020.
Eligible larger households will receive their additional rebate over two quarters in October 2020 and January 2021.
Defer Repayment for Residential Property Loans
You may apply to your lender to defer either (i) principal payment or (ii) both principal and interest payments until 31 December 2020.
- Interest will accrue only on the deferred principal amount.
- The loan term may be extended by up to the corresponding principal deferment period.
Lower Interest on Personal Unsecured Credit
You may apply to your lender to convert your outstanding balances on credit cards or revolving credit lines to a lower interest term loan.
- Effective interest rate capped at 8% and tenure is up to five years.
- Application period is from 6 April 2020 to 31 December 2020.
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