CPF interest rate increases, what about HDB concessionary loan rate?

Posted on August 21, 2007 by choongyong.koh

From HDB
The HDB concessionary loan rate is pegged at 0.1% above the prevailing CPF interest rate. Now CPF interest rate is going to be increased to 3.5%, does this mean that the HDB concessionary loan rate will also be increased?

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  • T T Tan

    Dear Sir,

    that is how smart the Singapore Government is. They only raise the interest 1% for the 1st 40k and not across the board, so we cannot actually say they raise th CPF interest rate.

    The effective CPF rate for people who have a lot of it effectively remains at 2.5%. Hopefully the HDB loan rate will not increase.

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