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Tom

Posted on 02 Dec 2019

Paying HDB loan in full with cash or with CPF instead?

Assuming I will have enough cash to pay off my HDB when it’s ready, should I do the same or use CPF for the HDB loan instead? Paying off in cash will wipe out my savings.

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3 answers

Discussion (3)

It is up to your personal investing methodology and beliefs.

If you believe that cash on hand can generate you more ROI than the rate CPF is giving, then you might want to consider paying using CPF.

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May need to check what is your loan rate. If it is lower than 2.5%, i do not think that you should use CPF to pay off the loan. With regards to cash, depends on your expected investment return. If the expected investment returns is expected to be < loan rate, then it will be good to use cash to repay your loan.

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Monies in your CPF ordinary account is meant for your retirement. Accordingly, the use of such monie...

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