EPF withdrawal for house purchase, how ?
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 Apr 8 2015, 10:20 PM
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Junior Member
496 posts Joined: Aug 2011 
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QUOTE(Maneki-neko @ Apr 8 2015, 09:29 PM) 1st house already withdrawn account 2 before. can i withdraw account 2 again for 2nd house? Yes, you can only withdraw for your second house provided you sold the first house. As such, at any one time, only one house can be withdrawn from kwsp. |
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Apr 9 2015, 08:21 PM
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Junior Member
274 posts Joined: Oct 2012
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QUOTE(Maneki-neko @ Apr 8 2015, 09:29 PM) 1st house already withdrawn account 2 before. can i withdraw account 2 again for 2nd house? can...provided that you have no outstanding loan with the first house or you have sell your first house..EPF only give the member withdraw for 2 house only..use it wisely This post has been edited by titanic_crash: Apr 9 2015, 08:22 PM |
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Apr 9 2015, 08:25 PM
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Senior Member
1,367 posts Joined: Jan 2006 From: Kuala Lumpur  
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Hi sifus, i have some confusion here.
For acct 2 withdrawal, i understand that first time withdrawal allows me to withdraw into my savings acct (down payment) However, for second round of withdrawal, it only allows to be withdrawed into the mortgage account for loan repayment Can anyone confirm if the above is true, or even for second round i can withdraw into my savings acct for down payment purpose? |
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Apr 10 2015, 12:16 AM
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Junior Member
35 posts Joined: Sep 2014
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[quote=titanic_crash,Apr 9 2015, 08:21 PM]
can...provided that you have no outstanding loan with the first house or you have sell your first house.. EPF only give the member withdraw for 2 house only..use it wisely [/quote For my case,I don't hv copy of SNP as disposal prove.I signed PA (Power of Attorney) last time And I made my 1st withdrawal on said property.now the property already sold by other party.any document can support that for 2nd withdrawal? |
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Apr 10 2015, 07:57 AM
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Junior Member
339 posts Joined: Feb 2015 From: Arsenal FC, London
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QUOTE(lai_dm @ Jun 25 2013, 10:14 AM) to all property gurus here, U need to get the SNP and Bank LO first. Then only u can proceed to withdraw EPF.im seeking advice for how to withdraw money from EPF account 2 to settle 10% downpayment when purchase a new house. The reason i want to withdraw from EPF is : - i need my ready cash for other purposes, for example : renovation - maybe 2nd house in the future  My question is : - what document needed to apply EPF ? - how long does it take for payment released from acc2 ? - if the whole process late, does developer charge me interest for delay paying 10% downpayment ? - amount of withdrawal based on 10% downpayment or more ? |
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Apr 16 2015, 02:12 PM
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Junior Member
166 posts Joined: Nov 2009
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Hi, I have never withdrawn from EPF before. I need to buy a 3rd house now, can I withdraw 100% from my account 2 to do that? Thank you
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Apr 19 2015, 08:40 AM
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Senior Member
1,777 posts Joined: Jun 2010
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QUOTE(dark.knight @ Apr 16 2015, 02:12 PM) Hi, I have never withdrawn from EPF before. I need to buy a 3rd house now, can I withdraw 100% from my account 2 to do that? Thank you yes u can, make sure u never withdraw b4, but i dunno whether u can take out 100% or not, depends on your house price. anyone can answer this ? This post has been edited by lai_dm: Apr 19 2015, 08:42 AM |
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Feb 29 2016, 09:45 AM
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Junior Member
208 posts Joined: May 2005
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Scenario
Me and my fiance gonna buy a house Me - 1st property (Never withdraw EPF) Fiance - 2nd property (Never withdraw EPF) So it's consider Joint name right? Can i withdraw from my EPF2 and my fiance withdraw half too? |
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Feb 29 2016, 09:52 AM
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Junior Member
331 posts Joined: Feb 2008
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QUOTE(uk9089 @ Feb 29 2016, 09:45 AM) Scenario yes u can. doesnt matter if u have 10 properties, if first time applying to withdraw, then epf will see as first timeMe and my fiance gonna buy a house Me - 1st property (Never withdraw EPF) Fiance - 2nd property (Never withdraw EPF) So it's consider Joint name right? Can i withdraw from my EPF2 and my fiance withdraw half too? |
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Feb 29 2016, 05:44 PM
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Senior Member
859 posts Joined: May 2009
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QUOTE(lai_dm @ Apr 19 2015, 08:40 AM) yes u can, Yes, you can withdraw 100% assume your property downpayment is RM 100,000. I believe you have rebate from the developer. No need mention to them. If your account 2 got RM 60,000. Let say got RM 50,000 rebate. The downpayment just another RM 50,000. However you can withdraw RM 60,000.make sure u never withdraw b4, but i dunno whether u can take out 100% or not, depends on your house price. anyone can answer this ? |
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Jul 21 2016, 10:57 AM
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Senior Member
4,334 posts Joined: Nov 2004 From: Shadow Striker
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how much can take out?
lets say eligible (from kwsp website) is A downpayment 10% less than A, lets call it B still can tgake out A? or less than A (which is B) |
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Jul 21 2016, 11:04 AM
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Junior Member
47 posts Joined: Feb 2012
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u can always nego with the owner or agent, but explain to them that u can pay 3% from the 10% as booking money and the rest of the 7% u will pay with ur epf but then again it really depend on the ownerlah if he or she ok with it then oklah but if not guess u have to fork out that 10% cash dp
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Jul 21 2016, 11:06 AM
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Senior Member
4,334 posts Joined: Nov 2004 From: Shadow Striker
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so now i have a snp, i just read that you can only withdraw only ONCE in your lifetime if is for the purpose of buying house
is it true? |
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Jul 21 2016, 01:53 PM
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Senior Member
983 posts Joined: Jul 2008
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QUOTE(Petre @ Jul 21 2016, 11:06 AM) so now i have a snp, i just read that you can only withdraw only ONCE in your lifetime if is for the purpose of buying house You can withdraw as long as you sold the house that you used the EPF to purchase the house earlier.is it true? 1st house (EPF) - Must be sold and show the proof to EPF that you sold the house, then you can withdraw again as long as there is money in Account 2. |
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Jul 21 2016, 02:42 PM
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Senior Member
859 posts Joined: May 2009
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QUOTE(Petre @ Jul 21 2016, 11:06 AM) so now i have a snp, i just read that you can only withdraw only ONCE in your lifetime if is for the purpose of buying house yes you can withdraw all the money from account 2 for your first time withdraw for buying house.is it true? |
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Jul 26 2016, 02:40 PM
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Senior Member
4,334 posts Joined: Nov 2004 From: Shadow Striker
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how long before i can make a withdrawal to reduce housing loan / monthly installment after i applied for reduce downpayment?
got an email from epf, say i need to wait for one year any info? |
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Sep 13 2016, 09:57 AM
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Junior Member
17 posts Joined: Nov 2009
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Dear Sifus,
Wanna ask: If first time purchasing house(joint name with wife) and wanna withdraw EPF ( total is 10%+10%), is it possible to: - withdraw 10% from my acc 2 - withdraw next 10% from wife acc 2? S&P and Bank Loan in both names Thanks for the help! |
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Sep 14 2016, 12:29 PM
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Junior Member
189 posts Joined: Dec 2013
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Can. both can draw 10%
just receive $$ from them last than 1 week. QUOTE(lelongster @ Sep 13 2016, 09:57 AM) Dear Sifus, Wanna ask: If first time purchasing house(joint name with wife) and wanna withdraw EPF ( total is 10%+10%), is it possible to: - withdraw 10% from my acc 2 - withdraw next 10% from wife acc 2? S&P and Bank Loan in both names Thanks for the help! |
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Oct 4 2016, 07:26 PM
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Senior Member
9,616 posts Joined: Dec 2013
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dear sifux2 sekalian, questions / doubts of mine:
1) I can only withdraw EPF money after I paid the housing DP? 2) What documents I need as supporting documents when I want to withdraw those money? 3) Where can I withdraw and got those money? At KWSP?? |
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Oct 5 2016, 08:53 AM
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Senior Member
859 posts Joined: May 2009
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1) You still can withdraw it even you pay the DP.
2) SPA, IC 3) Definitely is KWSP any branches. |
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