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EPF Withdrawal for Home Purchase

(Excerpted from Employees Provident Fund Website)

This withdrawal allows you to utilize your savings from Account 2 to partially finance your purchase of a house individually OR jointly with your spouse or close family members namely parents or siblings. Buying of a house with another individual who has no kinship is allowed provided that the other individual is a buyer and borrower. This withdrawal allows you to buy a house from a developer or an individual or through a public auction.

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

    Members must be:

    • 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;

    • 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)
    • 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 RM 100,000.00
  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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