Asked by @@ Lim

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

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  • Gabriel Tham
    Gabriel Tham, Tag Team Member at Kenichi Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 02 Mar 2019

    U are not paying to cpf. U are paying to yourself the interest u would have earned if u didn't use cpf for house.

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Level 6. Master
    Answered on 02 Mar 2019

    This is why the speakers are recommending to not use cpf for house if possible. Because not only you have to put back the accrued interest yourself, you also lose out the interest that CPF gives you. You dont just simply lose 2.5%.

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  • Randall Tan
    Randall Tan
    Level 4. Prodigy
    Answered 4w ago

    Yes it belongs to us, that is why the interest goes back into our CPF account. This way, we will have enough for our retirement.

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  • Teo See Hwa
    Teo See Hwa, MArketing Associate at Propnex
    Level 3. Wonderkid
    Answered on 17 Apr 2019

    Why wait for 25 years when MOP is only 5 years?

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  • Chen Zhirong
    Chen Zhirong
    Level 3. Wonderkid
    Answered on 02 Mar 2019

    Pay with cash and no interest

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