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Get Application Form For Partial Capital Repayment/ Redemption Of ... - Hdb - Hdb Gov
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How to fill out the application form for partial capital repayment/redemption of mortgage loan online
This guide provides a comprehensive overview for users on how to complete the application form for partial capital repayment or redemption of your mortgage loan through HDB online. The process is straightforward, and following the steps outlined below will ensure your application is accurately submitted.
Follow the steps to complete the application form effectively.
- Click ‘Get Form’ button to obtain the form and open it in the editor. This will allow you to access the application form required for your partial capital repayment or redemption request.
- Fill out the property information section by providing the address details of your flat. Ensure all information is accurate and matches official records to avoid delays.
- In the nature of request section, select your preferred option by ticking the appropriate box. Indicate whether you wish to make a partial capital repayment or redeem the outstanding mortgage loan.
- Specify the amount for your partial capital repayment, if applicable, and indicate your preferred mode of payment from the options provided, including GIRO, cash, cheque, or CPF.
- Complete the declaration section by reading the terms and conditions attached. Make sure to provide your signatures and contact information as required. Each flat owner involved in the request must do so.
- Review the completed form for accuracy and completeness. Ensure no required sections are left blank, which could lead to processing delays.
- Once satisfied with your entries, save your changes. You may then download, print, or share the completed form as necessary before submission.
Take the next step in managing your mortgage loan by completing the application form online today.
This means that you'll still pay the same monthly instalments, but have your loan tenure reduced from say, 25 years to 20 years. Paying off your home loan partially is also a good way to reduce the amount of interest you'll have to pay, especially if your loan tenure is left with less than 10 years.
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