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Just Being Ernest

Content Creator at www.youtube.com/c/JustBeingErnest

11 Jun 2024

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Do people know that if they use CPF to pay for housing, they would need to to refund the principal amount taken from CPF account, plus accrued interest?

For simple calculation, If one used 300k from CPF for property, and CPF rates is 2.5%

If is for 10 years, it is $384,025.36

If is for 20 years, it is $491,584.93

If is for 30 years, it is $629,270.27

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Discussion (13)

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Cryotosensei

03 Jul 2024

Blogger at diaperfinancingfund.blogspot.com

I think it only matters if you intend to sell your property. otherwise you can just let the accured interest accumulate

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BRYANT

16 Jun 2024

Any solution?

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YY

14 Jun 2024

If i may offer a different perspective, it still is your account that those monies are being refunded into - which can be used to procure another house or be stashed into your SA for retirement purposes.

Hoping to see it more positively :)

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Wrong Sean

13 Jun 2024

https://www.cpf.gov.sg/member/growing-your-savi...

Just putting it out here.

I do VHR so that I can do CPFIS.

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Yeo Yi

13 Jun 2024

Did you know that if you take the housing grant(s), those are charged accrued interest as well? And ...

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Is there accrued interest if I use the amount inside OA/SA for CPF IS, just like how I use the amount to pay for housing?

If we use our CPF OA to pay for our flat, and at age 65/70, we are still able to meet BRS/FRS, does NOT refunding the amount used and accrued interest affect our lifetime payout in any way?

Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

I have low risk appetite. Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

I had been paying my HDB housing loan for the past 3 years. If I do Partial Capital Repayment using CPF, does it benefit me from the loan interest rate and also accrued interest on my Cpf.?

Related Posts

Is there accrued interest if I use the amount inside OA/SA for CPF IS, just like how I use the amount to pay for housing?

If we use our CPF OA to pay for our flat, and at age 65/70, we are still able to meet BRS/FRS, does NOT refunding the amount used and accrued interest affect our lifetime payout in any way?

Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

I have low risk appetite. Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

I had been paying my HDB housing loan for the past 3 years. If I do Partial Capital Repayment using CPF, does it benefit me from the loan interest rate and also accrued interest on my Cpf.?

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