{"id":33525,"date":"2017-01-23T07:55:00","date_gmt":"2017-01-23T07:55:00","guid":{"rendered":"https:\/\/prelive.ceosuite.com\/blog\/new-repayment-scheme-in-singapore-to-help-borrowers-pay-off-unsecured-debts\/"},"modified":"2026-10-02T06:16:15","modified_gmt":"2026-10-02T06:16:15","slug":"new-repayment-scheme-in-singapore-to-help-borrowers-pay-off-unsecured-debts-2","status":"publish","type":"blog","link":"https:\/\/prelive.ceosuite.com\/en-vn\/blog\/new-repayment-scheme-in-singapore-to-help-borrowers-pay-off-unsecured-debts-2\/","title":{"rendered":"New repayment scheme in Singapore to help borrowers pay off unsecured debts"},"content":{"rendered":"\n<div block-name=\"ceo-blog-detail\"\n    class=\"ceo-blog-detail md:pt-[60px] pt-10 pb-20 \">\n    <div class=\"container\">\n        <div class=\"container-xs\">\n            <div class=\"mb-[21px]\">\n                <a href=\"https:\/\/prelive.ceosuite.com\/en-vn\/blog\/\"\n                    onclick=\"if (document.referrer &#038;&#038; document.referrer.includes(window.location.hostname)) { window.history.back(); return false; }\"\n                    class=\"inline-flex text-body-small font-normal leading-[150%] text-black group\">\n                    <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/icons\/back.svg\" alt=\"back\"\n                        class=\"object-contain mr-2 group-hover:-translate-x-1 transition-transform\">\n                    <span>Back<\/span>\n                <\/a>\n            <\/div>\n            <div class=\"border-b border-b-natural-stroke pb-10\">\n                <h1\n                    class=\" heading5-small font-semibold text-black  leading-[normal] mb-[10px]\">New repayment scheme in Singapore to help borrowers pay off unsecured debts<\/h1>\n                <div\n                    class=\"flex items-center flex-wrap justify-between pb-[10px] mb-5 border-b border-b-natural-stroke\">\n                    <div class=\"flex items-center\">\n                                                    <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/prelive.ceosuite.com\/en-vn\/blog\/new-repayment-scheme-in-singapore-to-help-borrowers-pay-off-unsecured-debts-2\/\" target=\"_blank\"\n                                class=\"w-9 h-9 min-w-9 inline-flex items-center justify-center aspect-square md:mr-4 mr-2 last:mr-0 hover:opacity-70 transition-opacity\">\n                                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/blog\/facebook.svg\"\n                                    alt=\"facebook\" class=\"object-contain\">\n                            <\/a>\n                        \n                                                    <a href=\"https:\/\/www.linkedin.com\/shareArticle?url=https:\/\/prelive.ceosuite.com\/en-vn\/blog\/new-repayment-scheme-in-singapore-to-help-borrowers-pay-off-unsecured-debts-2\/&#038;title=New%20repayment%20scheme%20in%20Singapore%20to%20help%20borrowers%20pay%20off%20unsecured%20debts&#038;summary=&#038;source=CEO%20Suite\" target=\"_blank\"\n                                class=\"w-9 h-9 min-w-9 inline-flex items-center justify-center aspect-square md:mr-4 mr-2 last:mr-0 hover:opacity-70 transition-opacity\">\n                                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/blog\/linkedin.svg\"\n                                    alt=\"linkedin\" class=\"object-contain\">\n                            <\/a>\n                        \n                                                    <a href=\"https:\/\/www.instagram.com\/\" target=\"_blank\" class=\"w-9 h-9 min-w-9 inline-flex items-center justify-center aspect-square md:mr-4 mr-2 last:mr-0 hover:opacity-70 transition-opacity\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/blog\/mdi_instagram.svg\"\n                                    alt=\"mdi_instagram\" class=\"object-contain\">\n                            <\/a>\n                        \n                                                    <a href=\"javascript:void(0)\" onclick=\"copyLink()\"\n                                class=\"w-9 h-9 min-w-9 inline-flex items-center justify-center aspect-square md:mr-4 mr-2 last:mr-0\">\n                                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/blog\/link.svg\" alt=\"link\"\n                                    class=\"object-contain\">\n                            <\/a>\n                                            <\/div>\n                    <div>\n                        <span\n                            class=\"text-eyebrow font-medium leading-[160%]  inline-block uppercase text-grey-dark\">Jan 23, 2017<\/span>\n                    <\/div>\n                <\/div>\n                <div class=\"mb-5\">\n                                    <\/div>\n                <div class=\"text-body-extra-small font-normal leading-[160%] text-grey blog-content\">\n                    <div class=\"entry\">\n<div class=\"addthis_inline_share_toolbox text-right\"><\/div>\n<p>A new repayment scheme that aims to help over-indebted customers repay unsecured loans from facilities like credit cards, personal loans and overdrafts will be launched next Monday (Jan 23).<\/p>\n<p>&nbsp;<\/p>\n<p>Under the new scheme, a customer can consolidate all his\/her unsecured credit balances across the 14 banks with just one institution.<\/p>\n<p>This means that the bank that administers the DCP will \u201cbuy over\u201d the customer\u2019s outstanding balances, fees and interest charges from his existing accounts with other banks. Those accounts will then be suspended or closed.<\/p>\n<p>&nbsp;<\/p>\n<p>The scheme will offer borrowers a convenient mode of payment for daily financial needs and includes an unsecured credit of one month\u2019s income.<\/p>\n<p>&nbsp;<\/p>\n<p>This new repayment scheme follows the Repayment Assistance Scheme (RAS) which expired in December 2015. The RAS only offered lower interest rates and an eight-year repayment period for amounts in excess of 12 times a borrower\u2019s income, whereas the DCP will cover all of a borrower\u2019s unsecured credit balances.<\/p>\n<p>&nbsp;<\/p>\n<p>About 11,000 applications for the RAS were received, with 6,000 of them approved by the time the scheme closed.<\/p>\n<p>&nbsp;<\/p>\n<p>Reference: www.channelnewsasia.com<\/p>\n<p>&nbsp;<\/p>\n<p><span class=\"date\">Jan 23, 2017<\/span><\/p>\n<\/div>\n                <\/div>\n            <\/div>\n            \n                            <div class=\"mt-20\">\n                    <h4 class=\"heading5 font-semibold text-grey mb-10\">Recent Posts<\/h4>\n                    <div class=\"grid lg:grid-cols-3 sm:grid-cols-2 2xl:gap-10 gap-6\">\n                            <div class=\"overflow-hidden\">\n        <a href=\"https:\/\/prelive.ceosuite.com\/en-vn\/blog\/global-connectivity-using-our-network-as-your-regional-passport-2\/\" class=\"block group\">\n            <div class=\"overflow-hidden\">\n                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/uploads\/2026\/07\/Discover-how-CEO-SUITEs-network-of-premium-workspaces-across-Asia-1024x683.png\"\n                    alt=\"Global Connectivity: Using Our Network as Your Regional \u201cPassport\u201d\" class=\"aspect-[380\/298] object-cover w-full group-hover:scale-105 transition-all duration-300\">\n            <\/div>\n            <div class=\"3xl:px-6 xl:px-5 px-4 py-5 bg-white\">\n                <p class=\"text-body-extra-small font-medium text-grey leading-[normal] mb-4\">\n13\/07\/2026<\/p>\n                <h6 class=\"text-body-medium font-medium leading-[normal] text-black mb-3 line-clamp-1\">\nGlobal Connectivity: Using Our Network as Your Regional \u201cPassport\u201d<\/h6>\n                <div class=\"text-body-small font-normal leading-[160%] text-grey line-clamp-2 mb-4\">\n                <\/div>\n                <div>\n     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decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/themes\/ceo-suite\/resources\/images\/icons\/link-arrow-black.svg\"\n                            alt=\"link\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n    <div class=\"overflow-hidden\">\n        <a href=\"https:\/\/prelive.ceosuite.com\/en-vn\/blog\/business-setup-your-gateway-to-the-worlds-fastest-growing-markets-2\/\" class=\"block group\">\n            <div class=\"overflow-hidden\">\n                <img decoding=\"async\" src=\"https:\/\/prelive.ceosuite.com\/wp-content\/uploads\/2026\/06\/Your-Gateway-to-the-Worlds-Fastest-Growing-Markets-1024x682.png\"\n                    alt=\"Business Setup: Your Gateway to the World\u2019s Fastest-Growing Markets\" class=\"aspect-[380\/298] object-cover w-full group-hover:scale-105 transition-all duration-300\">\n            <\/div>\n            <div class=\"3xl:px-6 xl:px-5 px-4 py-5 bg-white\">\n          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