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?
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).
This information is sourced from CPF
Related questions
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?
Why does my Home Protection Scheme cover end when I have fully redeemed my housing loan?
Need more help?
Get in touch