Are you able to repay your monthly mortgage loan with half CPF and half Cash?

Hi anonymous,

With regard to taking an HDB housing loan, yes, you can!

After choosing to wipe out your combined CPF-OA monies for the mortgage, some people might find themselves in a position where they don't have enough CPF contributed on a monthly basis to pay for their monthly mortgage using their CPF.

If so, you can use cash to pay or top-up the difference. But more importantly, this probably (I'm making a guess because I don't know your financial details personally) means that the flat you picked is slightly out of your financial league.

If you're going with a bank loan, the same thing applies.

Yes, you can use your CPF-OA savings to pay your bank loan payment (just speak to your preferred bank to find out more). If there's any shortfall, you can make up for it in cash and pay it directly to your bank.

To keep things clean though, I would just stick to one form of payment throughout. So either all cash or all CPF. This way you can better track and plan your finances!

Yes you can pay partially by CPF and Cash.

But i'll advice people to pay using CPF fully.

Take the cash that you have intended to pay for house installment to park in a low cost diversified etf, such as S&P500 or VTI.

You'll start to see your cash growing gradually outpacing the accrued interest eventually..