Do I need to engage a lawyer? What legal documents must a member sign to obtain the Government Bridging Loan?
No, you do not need to engage a lawyer. Once all the terms and conditions have been met, the CPF Board will send you a Letter of Approval, and a Bridging Loan Agreement for you to sign. This Agreement is an agreement between yourself and the Government who is providing the bridging loan. Please return the signed Agreement to the CPF Board. The Bridging Loan will only be available after the Board has received the signed copy of the Agreement.For how long will the bridging loan be available? It will be available for 3 years with effect from 1 March 1999, or when the member reaches 62 years, whichever is earlier.