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Hi,

Yes its possible, in fact there are some who choose not to go for maximum 80% financing as they want to utilize their CPF. May I understand your housing requirements so to value-add to your plans? Which EC are you keen on? Thanks.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Good morning EC buyer,

Yes it's possible to use CPF OA funds for the shortfall in bank loan.

But do take note that 5% booking fee in cash is essential. Other costs in cash will be the stamp duties. They need to pay in cash first before reimbursed back if you have sufficient funds in your CPF OA after downpayment deduction.

Hope my explanations help!

Probably you can share more about your finances so I will be in a better position to advise you with an aid of financial plan.

Hear from you soon! Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Afternoon,

The term of 80% loan is the maximum amount of loan you can get, that does not mean you need to get 80% loan. You are hence allowed to utilize your CPF OA to top up the difference.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More