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Housing Scheme



QCan I use my Special Account savings to make a lump sum payment for my housing loan?
A

As your Special Account (SA) savings are meant for retirement, only your Ordinary Account (OA) savings can be used to make a lump sum payment for your property.

The savings in your SA earn up to 5% interest per annum, higher than the fixed deposit rates and the interest charges on most mortgage loans in the market currently.

The examples below show how you can benefit from letting your SA savings grow:



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