Hdb loan question

[lanman]

hi all,

would like to ask if take hdb loan and then cpf oa to pay , need to use all the oa to pay for cpf ?


or can choose not to use all of oa to go into the housing loan ?

thanks

 

[kebinu]

Will be required to clear oa.

 

[xusykl]

clear oa but they will leave a bit inside.
mine was around 4k+
not totally zero.

 

[edwinttt1978]

hi all,

would like to ask if take hdb loan and then cpf oa to pay , need to use all the oa to pay for cpf ?


or can choose not to use all of oa to go into the housing loan ?

thanks

(Another 10-year-series question. Many past answers had been given in other posts.)


Use of All CPF Savings

Subject to limits for properties with less than 60 years of remaining lease, buyers must use all the available savings in their CPF Ordinary Accounts for the purchase of or taking over the flat before any housing loan is granted by HDB. You may set aside the amount required for payment of stamp, registration and conveyancing fees and CPF Home Protection Insurance Premium (if applicable).

So, no choice. Either clear OA yrself or wait for HDB to clear.
Self-clearing of OA is an art.