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I have been retrenched. Can I apply for the Government Bridging Loan to help service the monthly instalment payment?

April 26, 2017Bridging government help instalment loan payment retrenched service

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I have been retrenched. Can I apply for the Government Bridging Loan to help service the monthly instalment payment?

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The Government Bridging Loan is only available to members who are affected by the CPF cut, and not intended to help retrenched members service their housing loans. If your application for the Government Bridging Loan had earlier been approved, the draw-down will be discontinued until your new employer contributes CPF for you.