Yes, you can apply to use your CPF savings to pay the monthly instalment shortfall. However, your financier must agree to refund you in cash. Please check with your financier to confirm they will provide a cash refund before submitting your CPF application.
Getting a cash refund from your financier is not guaranteed and depends on their approval. We strongly recommend checking with your financier first to confirm whether they can refund the cash payment before you proceed with your CPF application.
This will help ensure you understand their refund policy and avoid any potential complications with your application.
