What Are The Requirements For Withdrawal To Purchase A House

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1. What are the requirements for Withdrawal To Purchase A House?

Members must be: o o o o Malaysian citizens; OR Non-Malaysian citizens who have obtained Permanent Resident (PR) status; OR Malaysian Citizens who have made Leaving The Country Withdrawal before 1 August 1995 and have opted to re-contribute to the EPF; OR Non-Malaysian citizens who have became members before 1 August 1998; 2. What is the amount entitlement under Withdrawal To Purchase A House? Members can withdraw their savings according to the following, whichever is lower; o Individual Purchase The difference between the house price and the loan amount plus an additional 10% of the house price; OR All the savings in the applicants Account 2 subject to maximum amount eligible for withdrawal (whichever is lower) o o o Joint Purchase With Spouse, Family Member or Other Individuals For housing loan of 100% - 10% from the cost of building the house; OR All savings in Account 2 (whichever is lower) Cash purchase house price with an additional 10% from the cost of building the house; OR All savings in Account 2 (whichever is lower) 3. How is the payment made? The payment for withdrawal will be credited directly to the bank account with the following conditions: - Members own a bank account with the EPF elected panel banks. - Members bank accounts are still active, and - Members bank accounts types are individual savings/current accounts OR Individual Joint Account for withdrawal amount of more than RM100,000.00 4. How do I submit the applications? Applications can be submitted at any EPF Offices nearby, either at the counters or by post

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