facebookWith the US Fed adjusting interest rates to historic low level to 0-0.25% , would we see the same trend coming to Singapore, which means we can borrow at 0-0.25% interest? - Seedly

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          With the US Fed adjusting interest rates to historic low level to 0-0.25% , would we see the same trend coming to Singapore, which means we can borrow at 0-0.25% interest?

          Will this mean that we may see these same interest rates in Singapore? Will this be applicable to loans such as renovation loans?

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              Discussion (1)

              What are your thoughts?

              Kenneth Lou

              Kenneth Lou

              21 Apr 2020

              Level 14·Co-founder at Seedly

              This is an interesting question! In fact there was a recent new SME Loans policy which just came out by MAS.

              The TLDR here would mean a boost has been given to small and medium-sized enterprises (SMEs) who want to take out government-assisted loans at low interest rates as firms attempt to ride out the Covid-19 crisis.

              SUMMARY: To keep business afloat and the economy up. However, not for retail consumers segment (YET)

              The Monetary Authority of Singapore (MAS) will offer near-zero interest rate loans to eligible banks - just 0.1 per cent per annum for a two-year tenor - in a move to support SME lending under schemes from Enterprise Singapore (ESG).

              The initiative will help lower the cost of loans for the Enhanced Enterprise Financing Scheme - SME Working Capital Loan and the Temporary Bridging Loan Programme, said an MAS and ESG statement on Monday (April 20).​​​

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