Why is the premium for my new Home Protection Scheme (HPS) cover higher than my old HPS cover even though I have made a partial repayment of my loan?
Your Home Protection Scheme premium is higher than before because you had extended your repayment period to a longer tenure, after you made the partial repayment of your loan.
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This information is sourced from CPF
Related questions
What will happen to my Home Protection Scheme cover if I make a partial repayment of my loan?
What will happen to my Single Premium Home Protection Scheme cover if there are changes to my outstanding housing loan?
How much premium do I need to pay for my Home Protection Scheme cover?
Where can I check the premium payable to renew my Home Protection Scheme cover?
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