i heard nowadays can use epf to pay car loan. possible?
can i use epf to buy car?, pay monthly
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 Jun 19 2011, 01:48 AM, updated 15y ago
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#1
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Junior Member
431 posts Joined: Jan 2005 From: Sibu, Sarawak  
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Quote|
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Jun 19 2011, 04:53 AM
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#2
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Junior Member
295 posts Joined: Oct 2009
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I don't think so!
 but how I wish. |
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Jun 19 2011, 06:06 AM
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#3
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All Stars
52,874 posts Joined: Jan 2003
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Car is a liability and not an asset.
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Jun 19 2011, 06:28 AM
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#4
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Junior Member
408 posts Joined: Dec 2010 
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Nope, u can't.
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Jun 19 2011, 01:22 PM
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#5
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Senior Member
924 posts Joined: Dec 2006 From: Kepong
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I dont think so...
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Jun 19 2011, 01:24 PM
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#6
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Senior Member
9,052 posts Joined: Jan 2003
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Where can? Unless u are above 55 la!
EPF officer told my dad, "If above 55, money is yours not EPF but if before 55, money is EPF not yours." |
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Jun 19 2011, 03:27 PM
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#7
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Senior Member
797 posts Joined: Jan 2007
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Answer is no.
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Jun 20 2011, 12:05 AM
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#8
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Senior Member
1,487 posts Joined: Apr 2006 From: Selangor
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QUOTE(cloudclone @ Jun 19 2011, 01:48 AM) i heard nowadays can use epf to pay car loan. possible? TS, curious that where u heard this rumour from? I believe every1 reading this thread also hoping this will happen  |
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Jun 20 2011, 12:07 AM
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#9
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld 
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EPF, for house, education, mutual fund, share investment..
Did i missed out anything else? |
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Jun 20 2011, 12:38 AM
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Junior Member
469 posts Joined: Jan 2008 From: Cyberjaya
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QUOTE(David83 @ Jun 19 2011, 06:06 AM) Car is a liability and not an asset. How bout asset for my company(sole prop)? Can i buy the car using my epf? |
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Jun 20 2011, 01:35 AM
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Senior Member
998 posts Joined: Jul 2005
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the more reason why EPF will not let this happen.
I'm surprised why some members here would be happy if this happen. The whole point of having EPF is to help you to save your retirement fund! using your life saving to purchase a liability is just pure dumb. sorry if i sounded offensive.. |
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