It really depends on the individual as there are a few ways to go about this.
In general, people would advise against rushing to pay off your debt because of the risk-free interest (2.5%) that you might potentially lose as compared to a mortgage loan which is typically at a lower interest rate.
If this amount from your OA is being transferred to your SA, the loss is even greater.
That being said, there are definitely proponents when it comes to paying off debt early, usually because of the liberation that is felt from being debt-free. If you strongly feel towards that, you can definitely take on higher monthly repayments for your loan and clear it within a short span of time.
Why do you not like it? Is it because you feel uncomfortable living with a debt...? Or is it because you have money sitting in OA while you are servicing a HDB loan?
Housing loan is not an expensive debt. If you have money sitting in OA, you can make use of this to invest or transfer to SA for more interest.
Locking your money in your house is not recommended unless you can't produce returns of more than 2.6% p.a.
Write your thoughts