- 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;
- What is the amount entitlement under Withdrawal To Purchase A House?
Members can withdraw their savings according to the following, whichever is lower;
a) 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)
b) Joint Purchase With Spouse, Family Member or Other Individuals
c) For housing loan of 100% – 10% from the cost of building the house; OR All savings in Account 2 (whichever is lower)
d) Cash purchase – house price with an additional 10% from the cost of building the house; OR All savings in Account 2 (whichever is lower)
- 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
- How do I submit the applications?
Applications can be submitted at any EPF Offices nearby, either at the counters or by post.