How to use CPF to pay Bank Mortgage Monthly Installment
1. Login into cpf
2. Click on my request
3. Select property
4. Click proceed
5. Select Make a request relating to my HDB flat (financed with bank loan)
6. Click proceed
7. Select <Commence CPF monthly instalment>
8. Paste this in the text box.
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Note: HPS is compulsory for members who are using their CPF to service their monthly housing instalments.To apply for HPS, please go to My Request -> Insurance -> Make request(s) relating to Home Protection Scheme (HPS) -> Apply for / Adjust my HPS cover.
Property Address: 100A, BEDOK CENTRAL, #01-111, 111111, SINGAPORE.
CPF Installment Amount: $1800
Effective from (MM/YYYY): 11/2011
Total Monthly Installment: $2400
Name of Financier: Citibank Singapore Limited
Transfer of Funds from Retirement Account: $
(Only applicable for members aged 55 & above who wish to use their RA for the monthly instalments.)
Outstanding Loan Amount: $
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9. Click submit, and proceed.
10. Wait for the result.
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