EPF Withdrawal Procedure

Requirement

You must be a member of EPF.

Entitlement

Your entitlement would be 30% of balance available in Purchaser’s EPF Account II or the difference between the purchase price and loan amount (whichever is lower).

Procedure

  • Submission of EPF Widthdrawal Form together with the original copy of the Sales & Purchase Agreement
  • Photocopy of your IC
  • Acopy of the letter of loan approval from your end-financier

Note: The original Sales & Purchase Agreement, Letter of Loan Approval from your end-financier and your original IC have to be sighted by the EPF officials.

Mode of Payment

The payment will be released directly to the member within a period of 3 to 4 weekds from date of submission.

 


Read Previous Topic: YOUR RIGHTS AS A PURCHASER