All home loan refinancing applicants in Singapore are required (regardless of whether their CPF was used to service their existing home loan) to submit their CPF Withdrawal Account Statements to banks. This includes cash-out refinancing, equity or term loan applicants.
You can easily obtain your CPF Withdrawal Account Statement online. Just follow the simple step-by-step guide below.
Step 1: Go to the CPF website and login
Make sure you have your SingPass ID and password ready, as well as your mobile phone. You won’t be able to obtain your CPF Withdrawal Account Statement without it. Your SingPass gives access to a lot of important personal information. Do not share your SingPass ID, password or 2FA (2-factor authentication) with anyone else – not your banker or even us!
Step 2: Click on “My Statement”
Once you’re in your CPF Homepage, click on “My Statement” on the left side of the screen. Before you do so, you may also want to marvel at how much (or how little!) you currently have in your Ordinary Account. Hopefully, you aren’t surprised by how much you have in your Special Account, since you’ll need that for retirement.
Step 3: Scroll down to Section C and click on “Property”
Scroll down to Section C of “My Statement” to see how much of your CPF funds you’re using for Property, Investment and Education. You’ll want to click on the “Property” link so that you can see the additional options.
Step 4: Click on “My Public/Private Housing Withdrawal Details”
On the “My Statement – Property” screen, click on “My Public Housing Withdrawal Details”. If you own a private property, it will say “My Private Housing Withdrawal Details”.
Step 5: Print or save the document as a PDF
This page is known as the CPF Withdrawal Account Statement. From this page, you can either print it out or save the page as a PDF document. And you’re all set!
Here are two other articles to help you with your refinancing decision
SIBOR Forecast 2017 – Here’s Why So Many Singaporeans Are Refinancing Now
What is the Cost of Refinancing in Singapore and is it Worth It?
Looking to refinance your property? Give our friendly mortgage brokers a call. We’ll be happy to help you find the best home loan refinancing options in Singapore.