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Regulations & Policies

Can I consolidate the outstanding under an existing renovation loan, education loan and joint account under DCP?

No, the DCP excludes any renovation loan, education loan, medical loan, credit facility granted for businesses or business purposes and/or outstanding debts under joint accounts.

In recognition of the purposeful or needs-based nature of such loans, MAS has exempted them from the industrywide and per-FI borrowing limits.

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