TLDR: It depends, and probably not for your property loans. MAS has recently announced that you can apply to your banks and insurers to defer repayment of your property loans and premiums for (life and health) insurance plans. However, should you? Residential Property Loans If you have an outstanding residential mortgage, you can opt to defer either the principal payment or both your principal and interest payments, up to 31 December 2020. However, note that MAS has stated interest will continue to accrue on your deferred principal amount. The good news is that no interest will be charged on the deferred interest payments, but that's frankly a much smaller sum compared to on your principal anyway. In other words, deferring it now will mean you pay a larger sum at the end of the day. But if you don't have any other choices i.e. if you've been laid off and used up your entire emergency fund, then...