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Asked by Connie Goh

I'm loading a BTO single room flat. Can I use CPF to pay for the loan?

Hi! Is this the Hdb conselling centre? Actually i just loan a new bto single room flat i juz wan to know whether i still can use cpf to pay the loan for the house?

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  • Teo See Hwa
    Teo See Hwa, MArketing Associate at Propnex
    Level 3. Wonderkid
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    Answered on 18 Mar 2019

    First need to know your age.

    Then your OA, SA, MA

    Then can know how much you can use.

    You can also go to CPF or HDB to check

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  • Loh Tat Tian
    Loh Tat Tian
    Level 6. Master
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    Answered on 26 Nov 2018

    This is a platform, on personal finance, by consumers, for consumers.

    What we do have over here is community members who have gone through the process and procedure to at least answer some question.

    For your HDB loan, may we check are you looking at lump sum pay off or partial payment?

    For both cases, you are able to only If its HDB loan. If its under bank loan, a re-financing etc needs to be done. Do give more info in order for us to advise further.

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