Hdb Accured Interest

[Greent]

Log in your CPF and u will see.

If u don't sell your house, then no need to put back
but when u decide to sell, you need to "vomit" everything back all the accrued interest and principal

 

[Roundtreex]

No one cares about the accured interest in CPF. It is still your money add to your retirement cpf in the end.
You are paying yourself the interest so why scared?
That why edmw cannot be finance forum for so long lol

 

[euro2012]

actually u go your singpass app, log in, under finance, go housing, cpf housing withdrawal can see your total accrued interest..

if i’m not wrong u need to repay that amount( accred int + principal ) if you were to sell and buy new hdb next time..

 

[Ronaldo88]

Need make sure u have enough retirement fund..not rely on country resources

 

[zzzzzzz]

pay hdb with cold hard cash is only for the rich people who can affrod
if not for cpf i cannot even affrod to buyed hdb reasle, where got even need to think of the acured interests

 

[networked]

saw some good replies here . 1 reminder dont trust salesman lol.

 

[Gixxerfied]

Log in your CPF and u will see.

If u don't sell your house, then no need to put back
but when u decide to sell, you need to "vomit" everything back all the accrued interest and principal

But if so suay until sell at market value but yet not enough to cover amount required to go back then can request for waiver.

If the selling price after paying your outstanding home loan is not enough to cover the required CPF refund, you do not need to top up the shortfall in cash if you sold the property at market value.

https://www.cpf.gov.sg/member/infohub/educational-resources/sales-proceeds-after-selling-your-home

 

[celong27]

So you mean in order to have real peace of mind use whatever OA and cash in hand and faster ASAP clear off the hdb loan so can rent out rooms and secure retirement?

 

[euro2012]

faster clear .. lesser accred interest payable in the long run..(actually only concern those who plan to move house in future)

if you dont plan to sell then just use monthly cpf from your job to slowly pay off hdb loan

 

[charliebrown]

Accured Interest is suppose to pay by CPF to u.​

but if u not selling ur hdb, or u heypi and no issue w this amt coming out from your own pocket next time u sell ur hdb, well u can go ahead use ur CPF for property.

 

[ctstalin]

Accured Interest is suppose to pay by CPF to u.​

but if u heypi and no issue w this amt coming out from your own pocket, well u can go ahead.

Not really out of own pocket, it just gets deducted from the sales proceeds when you sell. Like what @Gixxerfied shared above, if you sell at or above market value and still not enough, can request for waiver

If you not going to sell, not an issue at all

 

[The_Davis]

pay hdb with cold hard cash is only for the rich people who can affrod
if not for cpf i cannot even affrod to buyed hdb reasle, where got even need to think of the acured interests

See pee f accrued interest see Liao feel high

 

[ctstalin]

faster clear .. lesser accred interest payable in the long run..(actually only concern those who plan to move house in future)

if you dont plan to sell then just use monthly cpf from your job to slowly pay off hdb loan

Actually if you don't want to accumulate accrued interest fast, just slowly slowly pay. The early you use more cpf to pay the more time accrued interest gets to compound

 

[charliebrown]

Not really out of own pocket, it just gets deducted from the sales proceeds when you sell. Like what @Gixxerfied shared above, if you sell at or above market value and still not enough, can request for waiver

If you not going to sell, not an issue at all

if u nv use ur CPF to buy ur hdb, when u sell it, all the sales proceeds go to ur pocket.
if not, u will need to own self pay ownself e accrused interest which will other wise b given to u by cpf.

 

[euro2012]

Actually if you don't want to accumulate accrued interest fast, just slowly slowly pay. The early you use more cpf to pay the more time accrued interest gets to compound

im actually referring to use cash and payoff the cpf loan..

 

[Greent]

That's why many many sinki cannot retired comfortable when they gg to retire ..

 

[ctstalin]

if u nv use ur CPF to buy ur hdb, when u sell it, all the sales proceeds go to ur pocket.
if not, u will need to own self pay ownself e accrused interest which will other wise b given to u by cpf.

im actually referring to use cash and payoff the cpf loan..

Not every one is cash rich enough to use all cash to pay for the mortgage.

Every cpf dollar used is every cash saved for other investments with better returns

 

[Hyruga]

im actually referring to use cash and payoff the cpf loan..

How to use cash to payoff lump sum ah?

 

[euro2012]

How to use cash to payoff lump sum ah?

via hdb website; repay principal amount.

straight away paynow to hdb bank acct lor..

 

[Gixxerfied]

How to use cash to payoff lump sum ah?

Payment modes​

It is important that you submit the request to pay off your loan via My HDBPage (using Singpass) and received the email acknowledgement before you proceed to make payment.

Payment can be made using any of the following:

• CPF
• GIRO (if you are already using GIRO to pay your monthly housing loan instalments)
• PayNow via SGQR (participating banks)
• Cheque/ Cashier’s Order
• eNETS Debit (participating banks)
• AXS Channels: AXS Station (Kiosk), AXS e-Station (Online) ,and AXS m-Station (Mobile application)

For payment by CPF or GIRO, no action is required from you. We will inform CPF Board or your bank to process the deduction(s).

For payment by PayNow via SGQR, AXS channels or eNETS Debit, please refer to the email acknowledgement, “Instructions for Payment” for the given links to complete your payment.

https://www.hdb.gov.sg/residential/servicing-your-hdb-housing-loan/loan-matters/payment