Asked by Mr. andy ho
Hi
Can I pay EC monthly loan with CPF?
Can I pay EC monthly loan with CPF?
706 views
7 Answers
Hi, yes it is possible .
If you are currently or planning to find a property agent, I can assist.
If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .
https://www.era.com.sg/R064892F
If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.
Landon Chew
97 39 60 40
landonchew@email.com Read More
If you are currently or planning to find a property agent, I can assist.
If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .
https://www.era.com.sg/R064892F
If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.
Landon Chew
97 39 60 40
landonchew@email.com Read More
1
Hi, appreciate your sharing. Yes you can
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
Hi Andy,
Yes its possible, as long as you do not exceed the CPF Valuation Limit amount.
Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395 for a more in-depth discussion :)
May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever
SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
New EC Buyer Andy :
While we are searching for an agent to help us with purchasing a unit at a new launch EC, we get to know Ivan from PropertyGuru. Initially we had issue with the funding. Ivan has been extremely patients with all our questions and ideas during financial planning.Our ballot queue is not in the front, however Ivan has always been able to propose options for us to eventually get a decent unit that both my wife and i liked.Being the first timer ourselves, there are always so many questions marks and unknowns. Yet Ivan has been the one single person that we can always rely on, be it financial, legal, or even renovation related. The follow-up is literally within a snap of finger - we could always expect an accurate reply within minutes. It's a short and eventful journey, we are really grateful that such an outstanding and committed agent like Ivan is aroun d to support & guide us along the way. A big THANK YOU to Ivan for the great effort and commitment. Read More
Yes its possible, as long as you do not exceed the CPF Valuation Limit amount.
Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395 for a more in-depth discussion :)
May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever
SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
New EC Buyer Andy :
While we are searching for an agent to help us with purchasing a unit at a new launch EC, we get to know Ivan from PropertyGuru. Initially we had issue with the funding. Ivan has been extremely patients with all our questions and ideas during financial planning.Our ballot queue is not in the front, however Ivan has always been able to propose options for us to eventually get a decent unit that both my wife and i liked.Being the first timer ourselves, there are always so many questions marks and unknowns. Yet Ivan has been the one single person that we can always rely on, be it financial, legal, or even renovation related. The follow-up is literally within a snap of finger - we could always expect an accurate reply within minutes. It's a short and eventful journey, we are really grateful that such an outstanding and committed agent like Ivan is aroun d to support & guide us along the way. A big THANK YOU to Ivan for the great effort and commitment. Read More
1
Hi,
I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes of course you could.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes of course you could.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi Andy,
Yes, this is possible if certain conditions are met.
I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Yes, this is possible if certain conditions are met.
I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
1
Hi, appreciate your sharing. Yes, you can. Just have to apply and inform law firm to assist you.
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
Looking forward to assist you at 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
Yes, you can use your Central Provident Fund (CPF) savings to finance the monthly loan payments for an Executive Condominium (EC) in Singapore.
The CPF Ordinary Account (OA) can be used for various housing-related expenses, including monthly mortgage payments for ECs. However, there are certain limitations and criteria to be aware of:
1. **Loan Eligibility**: You must meet the eligibility criteria set by the CPF Board and your lender to use CPF funds for mortgage payments. This typically includes being a Singaporean citizen or Permanent Resident and meeting certain income and housing affordability requirements.
2. **CPF Withdrawal Limits**: There are limits on the amount of CPF savings you can use for monthly mortgage payments. These limits are based on factors such as the remaining lease of the property, the age of the property owner, and whether the property is an EC purchased from the developer or a resale unit.
3. **Monthly Repayment Amount**: You can use your CPF OA savings to cover the monthly mortgage installment, including principal and interest payments. However, if your CPF OA balance is insufficient to cover the full repayment amount, you will need to top up the difference using cash.
4. **Accrued Interest**: Keep in mind that when you use CPF funds for housing payments, including EC mortgage payments, accrued interest will be charged on the amount withdrawn. This accrued interest will need to be repaid to your CPF account when you sell the property or reach the withdrawal limit.
Before using CPF funds for EC loan payments, it's advisable to consult with your lender and the CPF Board to understand the specific requirements and implications. They can provide guidance on the eligibility criteria, withdrawal limits, and repayment obligations associated with using CPF savings for EC financing.
------------------
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT ：）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
The CPF Ordinary Account (OA) can be used for various housing-related expenses, including monthly mortgage payments for ECs. However, there are certain limitations and criteria to be aware of:
1. **Loan Eligibility**: You must meet the eligibility criteria set by the CPF Board and your lender to use CPF funds for mortgage payments. This typically includes being a Singaporean citizen or Permanent Resident and meeting certain income and housing affordability requirements.
2. **CPF Withdrawal Limits**: There are limits on the amount of CPF savings you can use for monthly mortgage payments. These limits are based on factors such as the remaining lease of the property, the age of the property owner, and whether the property is an EC purchased from the developer or a resale unit.
3. **Monthly Repayment Amount**: You can use your CPF OA savings to cover the monthly mortgage installment, including principal and interest payments. However, if your CPF OA balance is insufficient to cover the full repayment amount, you will need to top up the difference using cash.
4. **Accrued Interest**: Keep in mind that when you use CPF funds for housing payments, including EC mortgage payments, accrued interest will be charged on the amount withdrawn. This accrued interest will need to be repaid to your CPF account when you sell the property or reach the withdrawal limit.
Before using CPF funds for EC loan payments, it's advisable to consult with your lender and the CPF Board to understand the specific requirements and implications. They can provide guidance on the eligibility criteria, withdrawal limits, and repayment obligations associated with using CPF savings for EC financing.
------------------
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT ：）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
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