Dear All,

My friend told me that i can settle my remaining car loan using my EPF account 2 money? But i check on KWSP website, there is no where stated we can do that, only can use to buy house or settle house loan.

Any idea this can be done?

No, car =/= house loan

However u can withdraw EPF if your are 50 y/o

This post has been edited by ceo684: Jul 29 2013, 05:00 PM

One of many sources which caused property price soaring high

never heard of it...

that's why, i never heard of it also...

since when can withdraw from EPF account 2 to settle car loan? lol, withdrawal to pay for a depreciating asset. u've been conned by your friend

congrat, you are smarter than yr fren.

i know EPF can take to cover 10% DP of that house

car? i dont think so

Long time ago when first announce account 2 can withdraw there was a loophole. Now kenot.

This post has been edited by jcts108: Jul 29 2013, 05:14 PM

only house got EPF early clearance. car ayam tak tahu

eh. now house also cannot?

Says u want to withdraw account 2 for "house renovation", which is permitted, u can use the money to pay ur debt.. however, I do not know any details on it, but the framework is thr.

Car tak boleh, house boleh.

This settle all of ur misery bro

try telling them u live in yr car ... maybe will consider...

as i know, when we fill up the withdrawal form for the house, the money will not pass to our hand, they will liase with the bank and pump straight away into the loan account, also for monthly withdrawal case they will do the same, pump straight into the loan account..

unless, you have a flexi house loan account which able to withdraw the money out whenever you need it... or else there is no such thing as far as i know, withdrawal from acc 2 from epf to pay for car loan.

dun think epf money = ur money, its not....