Singapore tweaks timetable for curbs on unsecured credit

April 6, 2015 7:07 AM

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SINGAPORE, April 6 (Reuters) - Singapore will implement curbs on credit card and other unsecured loans that banks can extend to individuals in stages, to give borrowers more time to reduce their debts, its central bank said on Monday.

At issue is a rule originally announced by the Monetary Authority of Singapore (MAS) in September 2013, and due to take effect this June.

Also read: Singapore Dec private home sales down 57.3 pct month-on-month

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