Read? Turning 55 - and enjoying financial freedom (3)
On CPF Housing Loan
Before turning 55 ...
The System will show us this ...
There is net amount used (Principal amount) and accrued interest; then this form is applicable.
Sometime after 55, the System will show us this when we meet FRS ...
Housing loan and accrued interests are cancelled by the System.
Once this has been cancelled; the System cannot process any refund request.
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If you still have outstanding mortgage loan, the Net Amount Used and Accrued Interest will still show despite you're >55 years old.
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