Extended Support Scheme (ESS)

The ESS is aimed at helping individuals and Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties transition gradually to full loan repayments.

The extended support measures will give such individuals and businesses currently under the Special Financial Relief Programme (SFRP) loan repayment deferrals more time to resume repayments. The support measures will also be available to customers previously not under the SFRP, but who are now facing cashflow challenges. These extended measures applications closed on 30 September 2021. If you require further support, please contact your bank to discuss relief measures and other forms of assistance, such as loan restructuring, that you may need.

As economic activities continue to resume, customers who are able to resume paying your loan instalments in full are encouraged to do so from 1 January 2021, as further deferment increases overall debt.

Please click here for the MAS Media Release on 5 October 2020.

Please click here for the MAS Media Release on 24 June 2021.