1. It is related to the maximum loanable limit of local CPF.

Each regional provident fund has a maximum loanable amount of limitations, not how much you want to apply for how much to apply for, most of the cities provident fund loan maximum loanable amount is only a few hundred thousand, the specific to the local provident fund center's notice shall prevail.

2, related to the balance of the provident fund account.

Within the premise of not exceeding the maximum loan amount of CPF, the higher the CPF account balance, the higher the CPF loan amount you can apply for.

Generally the CPF loan amount is 10 to 20 times the CPF account balance, which is calculated differently in each region, so you can consult your local CPF center.

There are some areas where the CPF center can determine the sum of the CPF account balances of both husband and wife, in which case it is really good news for married people who want to buy a house, and they can apply for a CPF loan with the CPF inside the account of both husband and wife, which may increase the amount of CPF loanable amount and reduce the pressure on the home loan.

3. It is related to the CPF contribution base.

Some regional CPF centers will stipulate that the monthly payment for CPF loans should not exceed half of the CPF contribution base, which will also affect the CPF loan amount.

As an example, if the CPF contribution base is 5,000/month, then the monthly repayment for the CPF loan can't be more than 2,500/month, which will be used by the CPF center to calculate the loanable amount, and then compared with the amount calculated by multiplying the CPF balance, and generally take the lowest value of the two.

4. It is related to one's monthly income.

When applying for a CPF loan, the CPF center will pay as much attention to the income situation as the commercial banks do, and will require a monthly income of at least twice the CPF monthly payment, if all other conditions are better, then the higher the monthly income of an individual, the higher the CPF loan can apply for.

Another higher monthly income also means that one's CPF contribution base will also increase, and the accumulation of CPF account balance will be accelerated, which also have a positive effect on increasing the CPF loan amount.

5. It has to do with whether it is the first suite or not.

If you are applying for a CPF loan to buy a second suite, there are some areas where the CPF loan amount for the second suite will be lower than that for the first suite, depending on the notification from the local CPF center.

6, related to the local policy tilt.

Some regions will raise the ceiling of the provident fund loan amount for some special families, which is mainly to reduce the pressure of life of some families, you can consult the local provident fund center to find out whether there is a corresponding tilted policy.

As you can see, there are many reasons that affect the amount of CPF loans, so you can find out before applying for a CPF loan, so you don't blindly apply for a loan.

If you feel that the CPF loan amount is not enough, then you can try to apply for a combination of loans, commercial loans to make up for the shortfall in CPF loans, and if your financial strength allows it, then you can also increase the down payment ratio, which will also reduce your dependence on CPF loans.

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Expanded Information:

Is the CPF handling of the annual flush a one-time deduction?

Annual contributions are deducted from your CPF account in a lump sum. Before deducting the amount, you need to pay attention to whether there are sufficient funds in your CPF account.

The following conditions need to be fulfilled when applying for a CPF hedge loan repayment.

1. Good credit rating.

2. The status of the CPF account is normal.

3. Sufficient balance in the CPF account.

4, CPF continuous contributions to meet requirements.

Of course, different regions have different rules for CPF hedge repayment, so you can consult your local CPF center to find out what conditions are required and what information you need to prepare before you do this.

Lastly, it is worth noting that you should pay attention to the funds in your CPF account, and if you find that the funds are not enough to pay off the arrears, then you should make up the shortfall in time, so it is not that you don't need to pay attention to anything after applying for the hedge.