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Where can I go for assistance if there is a shortfall in my CPF savings to meet the monthly instalment payments because of the CPF cut?

April 26, 2017CPF cut instalment meet PAYMENTS savings shortfall

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Where can I go for assistance if there is a shortfall in my CPF savings to meet the monthly instalment payments because of the CPF cut?

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The CPF Board will inform members who may be eligible for the Government Bridging Loan three months in advance. As soon as you have been informed by the Board that you may have a shortfall, you should approach your financier (ie bank or finance company) for assistance to restructure the monthly instalment payment. If you still have difficulty meeting the shortfall after rescheduling your loan, you may apply for the Government Bridging Loan through the CPF Board.