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I have an o/s hdb loan of about 12 years remaining. P + I o/s ~ 150K.
I noticed that there are refinancing packages in the market for hdb flats.
Can anyone advise if I can save more using bank loans instead? Also, can I continue to use CPF to pay for the installments?
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2 Answers

Ander Ang
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Hi JW,

I would advise you to continue serving the HDB loan. No doubt bank interest rates are low now, but eventually they will increase and will be higher than HDB concessionary loan rates.

Furthermore, the hdb loan rate is pegged 0.1% higher than CPF OA rate. This is a safeguard to you.

Thanks,
Ander ERA
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William Koh
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