CPF early repayment

[Jumpman23]

Let's say today I use 100k from my OA as part of the downpayment for my new property. Current situation is that if I sell my property 10 years later I will need to return to CPF 100K+accrued interest in the 10 years.

Say in year 4 I have a sum money to 'pay back' CPF 100k+accrued interest up till that point. Can I do that without selling my property to save on the remaining 6 years of accrued interest? Is there some kind of info on this?

 

[V_for_Vanilla]

I have started partially repaying the CPF principal used on my property as I do not like to see the accrued interest grow.

 

[Jumpman23]

I have started partially repaying the CPF principal used on my property as I do not like to see the accrued interest grow.

Thanks for the info. How do you do that? Do you have to write in to CPF?

 

[V_for_Vanilla]

Thanks for the info. How do you do that? Do you have to write in to CPF?

Download the form. Complete it and drop it along with the cheque at any CPF branch.

 

[Jumpman23]

Download the form. Complete it and drop it along with the cheque at any CPF branch.

Great, just what I am looking for. Thanks bro!

 

[heymee]

Download the form. Complete it and drop it along with the cheque at any CPF branch.

Thank you . This is something new I learn today!

 

[heymee]

I have used 180K for my property and accured interest till date is 60k! Total SGD240K .

So now I must try to put this $$$ back to my CPF...

Imagine I can put back this sum into my CPF Account.... The monthly payout from my future CPF Life will be good enough for me to take holidays as when I like during my Golden Years.

My MS hit SGD161K today! ...
Now if I manage to put back SGD240 plus SGD161 ... Wow my CPF will be SGD400k....so happy!!! .

Currently I am still working....still have sometimes to hit 55...
So more $$$ to my CPF....my target SGD500k when I reach 55.
Hope is possible.

Just hope now for great health and Singapore Economy to be Strong and Peaceful .