Ken

28 Jun 2021

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Under HDB loan at this moment. O/s $119k with 11yrs to go. Is it a good option to refinance to bank loan? Monthly installment $1050 (cpf) $73(cash)

Refinance HDB to bank loan?

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Tan Choong Hwee

28 Jun 2021

Solutions Specialist at Providend

With current low interest rate environment, it will be good to refinance to bank loan and immediately enjoy lower mortgage interests for the lock-in period (typically 3 or 5 years).

You can always refinance your mortgage loan in the event that interest rates rise after lock-in period.

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I am currently outstation in Thailand, i will monthly transfer $2k cash from baht to sg dollars to Singapore to service my HDB loan?is there any ways i can save on the remittance fees or bank charges by using other options? Thanks.?

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

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