Anonymous

22 Apr 2020

∙

I have a bank loan of around $3k which I took during my time in Poly. Am I able to use my CPF to finance the loan? I have around $12k in CPF. ?

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Gabriel Tham

25 May 2018

Tag Team Member at Kenichi Tag Team

Unfortunately, that is not possible.

CPF can only be used for housing and property, investments, education, or insurance.

Withdrawal of CPF for personal use can only be done once you reach the CPF withdrawal age and fulfil the minimum sum.

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should I use my cpf to service my bank loan for private property? Just brought a condominium and wondering if I should use all CPF or a mix of both CPF and cash. I’m in early 40s now.

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