Can I transfer my Ordinary Account (OA) savings to my parents' OA so that I can help them pay their outstanding housing loan?
You cannot transfer your Ordinary Account (OA) savings to your parents' OA to help them pay their outstanding housing loan. You can only use your OA savings to service a housing loan if you are an owner of the property.
This information is sourced from CPF
Related questions
Can I use my Ordinary Account savings to service the housing loan taken by my parent(s) and/or sibling?
Can I choose to transfer more savings from the Special Account to the Ordinary Account since I am still servicing my housing loan/education loan etc.?
How much can I reserve in my Ordinary Account for my housing payments?
Can I use my Special Account savings to pay my housing loan?
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