Due to the COVID-19 outbreak, the economy has weakened significantly. This has affected individuals and businesses, where there might be challenges in meeting financial obligations and managing cash flows. In view of this, the Monetary Authority of Singapore (MAS) has collaborated with financial institutions to roll out a package of measures to assist individuals and Small and Medium Enterprises (SMEs) which are facing temporary cash flow difficulties, to help them weather the storm.

Source: Popular Mechanics The Special Finance Relief Programme (SFRP) is established to provide relief measures to bank customers, helping to ease any financial burden and still be able to access basic banking services during this difficult period. This would be helpful for you if you are someone with loans, be it from housing, renovation, credit cards or education. In this article, we explore the features of the programme, and what assistance it

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