- A one-time lumpsum together with a monthly payout is available upfront and the maximum amount would be assessed upon application.
- The usage of the lumpsum payout is limited to the followings:
(1) payment for medical expenses;
(2) settlement any outstanding mortgage on the property to be charged under the SSB-i Financing ; and
(3) refurbishment and maintenance expenses to upkeep the property - Only one time withdrawal is allowed at inception
Category
Priority
1
