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Anonymous

13 Jun 2019

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Can CPF OA be used to service my bank loan for HDB BTO? Or are bank loans only serviceable by cash?

Looking for a HDB BTO but got a few questions to ask. hope someone can help me thank you!

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W-N

13 Jun 2019

Hi yes, CPF OA can be used to service your bank loan. You can refer to the below link for a good article written for a comparison between Bank Loan VS CPF Loan:

https://blog.seedly.sg/the-complete-guide-bank-...

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PAYING HDB BTO WITH CPF, WITHOUT HOUSING LOAN Has anyone used CPF to pay for BTO without taking a loan? Is it monthly deduction or lumpsum full flat price deduction from CPF OA?

Should priority be given to clear our HDB housing loan using cash (which can be paid off from the CPF OA over 20 years), or to use this cash for investment or CPF top-ups to the SA ?

What is your opinion on using only cash every month to pay for hdb loan repayment instead of using full OA CPF to pay hdb loan every month?

Do you recommend a bank loan or HDB loan if planning to sell a BTO after MOP? HDB Loan will require you to pay back everything to CPF, the remaining loan amount is not credited to OA right?

should I use my cpf to service my bank loan for private property? Just brought a condominium and wondering if I should use all CPF or a mix of both CPF and cash. I’m in early 40s now.

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