Installments Up and Up

Always open your property-related letters promptly!

Brother did not open this letter dated 30 April, until today, when we received another letter.

We have missed the deadline of 20th of each month to adjust the CPF installment! The cool thing about housing loan payment in Singapore is, the bank will automatically deduct the balance from the bank account you have with them, if your CPF payment isn't enough. Brother had to top up the Maybank account with some cash due to the $2 monthly service fee incurred if we just paid with the sum used to open the account, as that would have caused the account to hold less than $1000.

Wow, and gonna have to pay double 1 month later.