Category: CPF related

  • Things you MUST know about using CPF for Housing Loan

    Things you MUST know about using CPF for Housing Loan

    Repayment of CPF Housing Loan’s Accrued Interest How your Housing Loan work? You decided to buy a home for $500,000. As you do not have the full $500,000, you decided to take on a $400,000 loan from CPF (CPF Board) to buy the house (80% loan quantum). The remaining $100,000 you will pay with your […]

  • CPF Schemes Singaporeans should be aware of

    The Central Provident Funds (CPF), is a “social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, home ownership, family protection and asset enhancement.” “CPF Overview”. Cpf.gov.sg. N.p., 2016. Web. 29 Mar. 2016. While most people believe that CPF is only meant for the […]