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Sj Oh

28 Feb 2020

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I have opted for CPF payment for my BTO flat mortgage loan; can I choose to pay in cash in certain months and CPF in certain months?

If so, how do I go about doing it? What are the pros and cons to doing this?

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Andy Sim

28 Feb 2020

HR Professional at a Financial Institution

Yep you can change it via CPF website: https://www.cpf.gov.sg/members/FAQ/schemes/hous...

In general if you think you can use your cash and generate more than 2.5% returns, then it's better to use CPF to pay for your loan while the cash works harder for you.

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Davin

28 Feb 2020

You can change it via cpf online but I not sure u will get the call from cpf if u change it every month.
I'm curious why u want to do that....

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During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Am thinking of getting a HDB flat with my spouse but am unsure if we should choose to pay our mortgage repayments with CPF or cash or a combination of both?

Buying a condo soon and will wipe out CPF OA balance for downpayment. Should I pay for the monthly mortgage in cash only (build up my OA balance) should I use CPF for the monthly mortgage?

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