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What happens to my CPF savings if I have an outstanding CPF education loan when my account is closed?

If you have an outstanding CPF education loan owing to another CPF member, your CPF savings may be used to pay the education loan before transferring the remaining CPF savings to your bank account. In the event that your CPF savings are not sufficient to cover your full education loan, your repayment liability remains even after your CPF account is closed.

The repayment of all such outstanding CPF Education Loans to you will be waived.