Should I take larger HDB loan? - Seedly
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Asked 2w ago

Should I take larger HDB loan?

Is it advisable to move everything from my OA to SA to enjoy higher interest, therefore paying a lower down payment and taking a bigger housing loan? In fact, is this doable?


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Assuming you only have one HDB loan:

Feel free to take up the HDB loan and borrow up to 90% of the value and up to 25 years. That's the max you can go.

Before moving everything from OA to SA, it's best to leave some money in OA (e.g. $20,000) just in case for whatever reason you can't pay your monthly amount. If I'm not wrong, you can instruct HDB to not drain your entire OA and leave a maximum of $20,000 in your OA.

You still have to have paid up 10% of the flat value at key collection. Feel free to do that via CPF + cash.​​​

Question Poster

2w ago

Can I choose to leave more than 20k in my CPF OA or do I have to wipe it out before taking the rest in loan?

2w ago

The excess above $20,000 gets wiped out first, then the loan comes in.
Thank You!
Can you clarify
I wonder if
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