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Anonymous

18 Oct 2021

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HDB vs Bank Loan using CPF

I saw some bank sites mentioned that Bank Loan can also use CPF to make payments.

How does that work as compared to using HDB Loan?

Does that mean that if I use HDB loan, I will pay 2.6% interest?

If I use a bank loan and pay via CPF, I can enjoy the bank interest e.g. 1.5%?

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MOGUL.sg

19 Oct 2021

Yes, you are right. If you are still keen to find out more, feel free to check out mogul.sg recent blog posts on this topic! Cheers :)

(1) Pros And Cons Of Using CPF To Buy A Property In Singapore

https://www.blog.mogul.sg/post/pros-and-cons-of...

(2) 5 Important Factors to Decide the Right Mortgage Loan in Singapore
https://www.blog.mogul.sg/post/5-important-fact...

Follow @mogul.sg on FB or IG for more property content 🤗

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Tan Choong Hwee

19 Oct 2021

Investor/Trader at Home

Yes, you can use CPF to make payments for both HDB and Bank Mortgage Loan, and the loan interest would be 2.6% vs bank interest (e.g. 1.5%) respectively.

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I thought you can also use CPF to pay bank loans? isn't the comparison between bank loans and HDB loans instead?

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

Hello. Am planning to buy a resale hdb without an agent. Do i need to get a valuation report if i am not gg to apply for any bank loan? Will not be using my cpf as well.?

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

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?

Related Posts

I thought you can also use CPF to pay bank loans? isn't the comparison between bank loans and HDB loans instead?

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

Hello. Am planning to buy a resale hdb without an agent. Do i need to get a valuation report if i am not gg to apply for any bank loan? Will not be using my cpf as well.?

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

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?

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