These are monthly payments you make towards the repayment of your loan and comprises of both principal and interest.
Monthly Instalment = Principal + Interest
The principal portion of your repayment is what goes towards paying down your outstanding loan. Your instalments will commence automatically after the first drawdown of your loan as follows:
- Disbursements up till the 14th of the month = Instalments to commence the next month
- Disbursements from the 15th of the month = Instalments to commence the month after next
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Monthly instalment due dates are fixed on the 1st of each month for private property loans and the 15th of each month for HDB loans.
A capital repayment is an ad-hoc repayment you can make to reduce the outstanding balance of your loan. It can take the form of cash or CPF savings, if you have the approval of the CPF Board. Please note that capital repayments made within a commitment period may be subject to prepayment charges and/or clawback of fees, where applicable.
A one-month notice period is required for us to process your written instruction, you may refer to the Terms and Conditions for further details. To proceed with a capital repayment, please complete and mail this form to the address specified.
For capital repayment
- By cash,
To avoid unnecessary delays, please ensure sufficient funds are available in your designated debiting account for deduction on the repayment date.
- By CPF savings,
Where CPF funds are used, the relevant CPF forms should be filled out (HBL/4 for HDB or Form 4B for private property) and submitted to the CPF Board. For private property owners, instructions for the CPF Board can also be processed online, via www.cpf.gov.sg with your SingPass. Please provide enough time for the CPF Board to process your instruction.