Name of the Organization : OCBC Bank
Type of Facility : Make a Partial Prepayment
Country: Singapore
Website : https://www.ocbc.com/group/gateway
Make a Partial Prepayment :
You can make a payment via cash, CPF, or a combination of both. You will need to provide a written notice or interest-in-lieu of notice one month in advance. Prepayment penalty (if any) will be indicated in the Letter of Offer (LO).
Related : OCBC Bank Check & Redeem OCBC$ Singapore : www.statusin.org/6248.html
The Bank will send a notification letter to you confirming:
** The receipt of notice
** Amount of prepayment
** Effective date of prepayment
You can then advise CPF on when to remit funds, or arrange for cash to be credited to the bank account for deduction on the effective date.
HDB:
Payment by cash:
Minimum payment amount is S$5,000 and in multiples of S$1,000
Submit a HDB partial capital repayment form at a branch or by mail to:
Secured Loan HDB Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
Payment by CPF, or both cash and CPF:
** Submit the notice of capital repayment to the bank
** Submit the HBL4 form to CPF Board
Submit a HDB partial capital repayment form at a branch or by mail to:
Secured Loan HDB Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
Note:
You will need to inform CPF Board to revise the monthly amount payable from CPF account to bank assuming your loan is fully serviced by CPF.
Private Home Loan (PHL):
Payment by cash:
Minimum payment amount is S$5,000 and in multiples of S$1,000
Submit a Housing Loan partial capital repayment form at a branch or by mail to:
Secured Loan Mortgage Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
Payment by CPF, or both cash and CPF:
** Submit the notice of capital repayment to the bank
** Upon receipt of bank notification letter, submit CPF Form 4B to CPF Board via mail or online via Singpass
Submit a Housing Loan partial capital repayment form at a branch or by mail to:
Secured Loan Mortgage Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
Note:
If you have a Singapore Swap Offer Rate (SOR) package or Singapore Inter Bank Offered Rate (SIBOR) package, please complete CPF Form 4B to CPF Board instead of online submission. For online submission, you are not able to indicate exact date of payment as the field is on MM/YY.
About Us :
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s.
Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore and the Asia Pacific by The Asian Banker.