The maximum monthly instalment amount that can be used for your property is capped at the total monthly repayment amount approved by your financier. It includes both the principal and interest as charged by your financier. 

 

For example, if the total monthly repayment to your financier is $2,000, the combined CPF deduction from all co-owners cannot exceed $2,000.

 

While your CPF savings can help with housing payments, remember that these savings are primarily for your future retirement needs. For a sustainable approach, consider the following:

 

• ensure your monthly instalment does not exceed your monthly Ordinary Account (OA) contributions
• use a mix of cash and OA savings for housing payments
• retain an amount in your OA equivalent to six months' worth of monthly instalments for emergencies

This approach allows you to service your housing loan during unexpected situations while ensuring your OA savings continue earning attractive interest rates.

 

To estimate your monthly instalment amount, please use the Mortgage calculator.

 

If you wish to change your housing monthly deduction amount, please refer to this FAQ.