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What is the priority of the Home Protection Scheme deduction if I am also using my CPF savings to pay my monthly housing instalments?

If you are also using your CPF savings to pay your monthly housing instalments, the payment of HPS premium takes priority. This is to ensure that you remain financially protected by HPS for your outstanding housing loan.

During the premium grace period, your CPF Ordinary Account (OA) savings will be reserved for the HPS premium payment. This means that you will not be able to use your OA savings for any payments, including the monthly housing instalments, until your HPS premium is paid.

We recommend that you make alternative arrangements with your mortgagee on the shortfall in your monthly housing instalments during this period.