Advertisement

Eunice Tan

31 May 2020

∙

My parents are retiring and I want to help pay off the remainder of their HDB mortgage. What is the best way to do that?

I know there are multiple methods like GIRO, eNETS, AXS, cash, just wanted to check if there's any way I could do this and reap some rebates/ or benefits?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Tay_WenHao

29 May 2020

By official means, no. However, if you go 1 big round, maybe.

Check this out for yourself.
Amex True Cashback 1.5% > Top up grabpay wallet
Apply for Grabpay Mastercard (GPMC)
Use GPMC > Topup NETS Flashpay Card @ GTM
Use NETS Flashpay to pay via AXS machine

Reply

Save

View 1 replies

Write your thoughts

Related Posts

HDB or Condo? Condo near school but far from parent who help to take care of children. Children have to take school bus home. HDB near parent house and children go to less ideal school?

If your relatives or friends have parents to help pay for their property (E.g. condominium), do you count yourself unlucky if you dont have the means to do so or parents to help?

I want to buy a HDB that is about 600K and I have 500k on hand. Should I pay all in cash & loan the rest? Or will my CPF be automatically wiped out first before I can pay in cash? is it worth to pay cash?

Single owner of resale HDB flat (used CPF and HDB loan), don't expect to fully pay off by retirement age. Is it possible for me to still d/g to smaller HDB (BTO or resale) in 10-15 years time?

My boyfriend and I will be BTO-ing in 2019. We are considering whether we should do voluntary contributions to our CPF account to help fund our retirement and help pay for the house loan. Should we?

Related Products

PAssion POSB Debit Card

4.7

81 Reviews

Up to 5% at selected stores

REBATE

$30 per month

REBATE CAP

$500

MINIMUM SPEND

DBS Visa Debit Card

4.4

102 Reviews

Standard Chartered Cashback Debit Card

4.8

26 Reviews

Related Posts

HDB or Condo? Condo near school but far from parent who help to take care of children. Children have to take school bus home. HDB near parent house and children go to less ideal school?

If your relatives or friends have parents to help pay for their property (E.g. condominium), do you count yourself unlucky if you dont have the means to do so or parents to help?

I want to buy a HDB that is about 600K and I have 500k on hand. Should I pay all in cash & loan the rest? Or will my CPF be automatically wiped out first before I can pay in cash? is it worth to pay cash?

Single owner of resale HDB flat (used CPF and HDB loan), don't expect to fully pay off by retirement age. Is it possible for me to still d/g to smaller HDB (BTO or resale) in 10-15 years time?

My boyfriend and I will be BTO-ing in 2019. We are considering whether we should do voluntary contributions to our CPF account to help fund our retirement and help pay for the house loan. Should we?

Advertisement