Just received a letter from CPF saying i cant use CPF to pay for my hdb loan

[Aneosx]

Basically the amount i paid is close to the valuation of my hse. CPF send me a letter saying I cannot use CPF to pay unless I set aside the BRS which is 93k n 2021. So from nov onwards, I ned to use cash for my housing loan. Anyone received similar letter from CPF as well???

 

[luei74]

Basically the amount i paid is close to the valuation of my hse. CPF send me a letter saying I cannot use CPF to pay unless I set aside the BRS which is 93k n 2021. So from nov onwards, I ned to use cash for my housing loan. Anyone received similar letter from CPF as well???

How old are you?

 

[garycsy]

try appealing, may work especially in current situation


Read HWZ Forum Rules!

 

[tankgunner]

Basically the amount i paid is close to the valuation of my hse. CPF send me a letter saying I cannot use CPF to pay unless I set aside the BRS which is 93k n 2021. So from nov onwards, I ned to use cash for my housing loan. Anyone received similar letter from CPF as well???

can you breakdown for us?
how many more yrs you need to pay and how much is your monthly installment?

 

[lifeafter41]

Could it be due to the LTV being reached?

 

[asmartng]

How can that be ? Should be able to use CPF to pay.

 

[LeSaux]

F them and say CPF is my money

is CPF telling me my CPF is not my money?

 

[Aneosx]

can you breakdown for us?
how many more yrs you need to pay and how much is your monthly installment?

monthly instalment - 434 i ned to pay for ard 8 yrs more haix

 

[Aneosx]

Could it be due to the LTV being reached?

i used my cpf and it rch the purchase price of my house soon

 

[Cobra!]

F them and say CPF is my money

is CPF telling me my CPF is not my money?

Your life is also yours, but lifeguard still there to prevent you from drowning. That's why you go to bedok if suicidal.

 

[Aneosx]

How old are you?

im 40 this yr

 

[tankgunner]

monthly instalment - 434 i ned to pay for ard 8 yrs more haix

you above 55 year old?

 

[Cobra!]

You hit the withdrawal limit.

Here ts.

https://www.areyouready.gov.sg/YourInfoHub/Pages/News-How-much-CPF-can-I-use-for-my-house.aspx

 

[nyvrem]

gxgx

 

[Aneosx]

You hit the withdrawal limit.

Here ts.

https://www.areyouready.gov.sg/YourInfoHub/Pages/News-How-much-CPF-can-I-use-for-my-house.aspx

sucks man nw hav to use cash to pay for 8 yr plus

 

[luei74]

im 40 this yr

Still very far reaching 55, should be able to use your oa to pay for it

 

[tth1311]

you exceeded the max amount use of cpf for your housing loan?

 

[Aneosx]

you exceeded the max amount use of cpf for your housing loan?

yes i think so, i going to rch the purchase price of my hse

 

[Cobra!]

Ts your resale cov 42k ah?

 

[Mugenpower78]

ts buy what flat resale or new