Charles

30 Jun 2022

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HDB Loan increase on interest rate

Currently i am paying 2.6% on my HBD loan which is 0.1% above CPF OA rate. If CPF intends to increase to 3%, does this mean my loan repayment will increase to be based on 3.1% instead of 2.6% on my existing loan?

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Just_Saying

19 Jul 2022

HDB loan rate is peg to 0.1% above OA rate. No matter how much OA rate changes, there is no additional "losses" since your net loss is always 0.1%.

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Ivan Guan

07 Jul 2022

Founder at SGMoneyMatters.com

I don't think CPF will increase the interest rate any time soon as they have "overpaid" the interest for many years while the global interest rate was so low. They need time to smooth up the effects.

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1M45

Edited 30 Jun 2022

you are right if govt do not change the +0.1% rule.
You will always be Net Negative with a H...

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