CPF OA for property payment

[thenextseeker]

Let say I have 30k in CPF OA, I want to use it for my property loan installment monthly.

After using the 30k, I use cash to refund back to CPF OA 50k for the housing.

Can I still fully use the 50k which I refunded for the monthly property loan? Or some of it will be locked up due to accrued interest?

 

[terence2112]

So it’s 30k or 50k?

nevertheless, yes, you can still use your OA after doing the voluntary refund. However, do not do a full voluntary refund (principal + interest), just do partial (up to principal) would do.

 

[skpuppy]

So it’s 30k or 50k?

nevertheless, yes, you can still use your OA after doing the voluntary refund. However, do not do a full voluntary refund (principal + interest), just do partial (up to principal) would do.

Why not full huh?

 

[terence2112]

Why not full huh?

That is because when one does a full voluntary refund, the board will “stop” the arrangement of CPF for mortgage.