Do I need to inform the Board to terminate the housing monthly instalment from my CPF account if my housing loan is fully paid by the Home Protection Scheme claim?

Question

Accepted Answer

You do not need to do anything. If your Home Protection Scheme (HPS) sum assured has fully paid off your outstanding home loan, CPF Board will work with your mortgage provider to stop deducting money from the CPF accounts of all the joint-owner(s).

Do I need to inform the Board to terminate the housing monthly instalment from my CPF account if my housing loan is fully paid by the Home Protection Scheme claim?

Topics:

Related questions

What will happen to my Home Protection Scheme cover if I sell my flat, fully repay my loan or buy a new flat?

Do I need to inform the Board to terminate my Home Protection Scheme cover if I have fully repaid my loan?

How do I terminate my Home Protection Scheme cover?

What will happen to my Single Premium Home Protection Scheme cover if there are changes to my outstanding housing loan?

Need more help?