Benny Loy

13 Jun 2020

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Should I repay the OA and Housing Grant for the BTO my partner and I purchased if our intention is to stay in the purchased BTO for life?

We will be paying most of the BTO with our CPF-OA. Thanks!

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Tay_WenHao

12 Jun 2020

Depends on your current age. If you are still young, I think you can make better use of the cash on hand to generate higher than 2.5% interest from OA.

If you are worry about the accrued interest, its actually nothing to worry about because the accrued interest will still be your money. You dont 'pay' CPF the accrued interest. You topup the interest back to your own CPF OA. So technically its like forcing/allowing you to top up more money.

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Related Posts

For first-timer BTO applicants, is it possible to take the CPF Housing Grants, but use cash for all loan repayments instead - which means you just take the Grant and let it sit in your CPF?

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 I eligible for Family Grant or Enhanced CPF Housing Grant (EHG) for my second residential property if I have an existing BTO / HDB (with or without grants taken)?

Should i get at Resale or BTO or Condo?, i earn 4k and my partner earn 4k also. our combine CPF is 150K. and also is it wise to rent a house while waiting for bto if we choose bto. we're both 26yrsold

With all the talks about CPF and it's compounding interest, am I right to forgo the possibility of a BTO in a mature estate and buy a BTO in a non mature estate to maximise my grant and reduce OA usage?