Anonymous

16 Dec 2020

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I have low risk appetite. Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

I am servicing my housing loan with monthly repayment from cpf.
I prefer liquidity of cash as I might be relocating in the next ~2yrs time.

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Jiayee

16 Dec 2020

Salaryman at some company

Your housing loan is through the bank? Are there prepayment penalties?

Have you also considered transferring to CPF SA to enjoy more interest?

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Ryan

15 Dec 2020

Why would you put money into CPF to lock up if you want liquidity?

Top up SA up to 7 k for tax savings and get 4% interest but your loan will still be there and make sure you have emergency savings of at least 6 to 12 months in case you lose your job. You prepare for retirement but nothing happens to your home loan.

Refund OA you will get 2.5% interest which is higher than your bank loan.

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Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

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Which is a better option? Topping up CPF account for Tax rebate, or partial refund to CPF the amount used for housing loan?

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Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

I had been paying my HDB housing loan for the past 3 years. If I do Partial Capital Repayment using CPF, does it benefit me from the loan interest rate and also accrued interest on my Cpf.?

Which is a better option? Topping up CPF account for Tax rebate, or partial refund to CPF the amount used for housing loan?

Is it a good move to save spare cash thru (1) first making voluntary housing refund to CPF OA, then (2) transferring the sum from OA to SA?