Outline ·
[ Standard ] ·
Linear+
KWSP withdrawal for house renovation, Advised needed
|
lai_dm
|
 Nov 20 2015, 02:22 PM
|
|
QUOTE(Kira90 @ Nov 20 2015, 12:44 PM) There are 3 options on housing epf withdrawal: 1. Buy or Build House (you can only withdraw 2 times in your whole lifetime) 2. Reducing Loan 3. Reducing Monthly Installment I heard a trick from my friend, by using method 2, the money will directly send to your loan account. If you have flexi account, you may draw it out using ATM. But this will also have 2 times limit if not mistaken. bro method 2 how does it works ? EPF make 1 time payment or monthly payment to your account ??? |
|
|
|
|
|
lai_dm
|
Nov 22 2015, 03:06 AM
|
|
|
QUOTE(Kira90 @ Nov 22 2015, 12:37 AM) 1 time payment. If you want monthly payment, please use method 3, and choose how many months you wish to have, but must your own withdrawal limit. bro , method 2 can withdraw for my 2nd house ? i already withdraw EPF acc 2 for my 1st house for 10% downpayment |
|
|
|
|
|
lai_dm
|
Nov 23 2015, 09:52 AM
|
|
|
QUOTE(Kira90 @ Nov 23 2015, 12:38 AM) Withdraw for 10% down payment is option 1. You can use method 2 for 2nd house, provided that your 1st house is not under your name anymore. This is KWSP rule, only applicable for one house at a time. too bad  |
|
|
|
|
|
lai_dm
|
Nov 23 2015, 01:13 PM
|
|
|
QUOTE(Kira90 @ Nov 23 2015, 11:17 AM) just perform method 2 on your first house  NOT qualified liao i withdraw for my 1st house few years ago now the house still under my name haizzz |
|
|
|
|
|
lai_dm
|
Nov 23 2015, 01:29 PM
|
|
|
QUOTE(ben3003 @ Nov 23 2015, 01:17 PM) can epf use to offset the downpayment? let say downpayment 10%, then i got cash rm30k, but house is 500k, so 20k i got at acc2 can use for it? yes u can, only for your 1st property . good luck |
|
|
|
|
|
lai_dm
|
Nov 23 2015, 04:39 PM
|
|
|
QUOTE(Kira90 @ Nov 23 2015, 04:20 PM) For your 1st house, method 1, 2, 3 all can use one. Now epf has your 1st house record, you can proceed to method 2 immediately. It is not limited to 1 house 1 method only, all methods can use 1 time for a house. huh ? then i can apply 1 time payment for my 2nd house ? fyi , i already withdraw from epf for my 1st house few years ago, now the still my name |
|
|
|
|
|
lai_dm
|
Nov 24 2015, 10:20 AM
|
|
|
QUOTE(Kira90 @ Nov 23 2015, 06:46 PM) FYI, EPF provide 3 options for us to withdraw money on property part: 1. Buy or Build house 2. Reduce loan 3. Reduce monthly installment each option can only use 1 time. In your case, you have House A and House B. You already used up Option 1 in House A, so your House A left option 2 and 3 that can be used. Just like you have 3 chances and now left 2 chances. If you want to use any option on House B, House A must be disposed, means you are not the owner for House A anymore. option 2 & 3 cannot use for /house B ? if house A still under my name ?? |
|
|
|
|
|
lai_dm
|
Nov 24 2015, 10:27 AM
|
|
|
QUOTE(Kira90 @ Nov 24 2015, 10:26 AM) Yes cannot like that, but you can use Option 2 & 3 for house A. too bad, i disqualified liao |
|
|
|
|
|
lai_dm
|
Nov 24 2015, 12:28 PM
|
|
|
QUOTE(Kira90 @ Nov 24 2015, 10:29 AM) You already finished House A loan? yes loan settled for house A pls guide me  |
|
|
|
|
|
lai_dm
|
Nov 25 2015, 10:08 AM
|
|
|
QUOTE(Kira90 @ Nov 24 2015, 06:51 PM) Sorry Bro no other way. If your House B has joint name, can request your partner to apply. tooo bad like that have to work hard for money liao |
|
|
|
|
Quote
0.0221sec
1.35
6 queries
GZIP Disabled