As per EPF website- yes, you must dispose 1st house ( sell, transfer to son/father etc) before can withdraw for second house.

This there is a new provision, not updated in the website:- the best way is to go EPF and ask yourself, if you don't believe me.

New provision allow us to withdraw via monthly installment- and this is allowed for 2nd or 3rd house.

A:- you need a bank statement declaring the that you have a loan with the bank, the remaining balance and monthly installment (say Rm 2500).
B:- you need to have some balance in your account 2 (duh!)

Say: under your account 2, you have RM 50,000. Technically you may request EPF to give you 24 months of RM 2000. Or 20 month of RM 2500 or just 10 months of RM 1000. Your choice, but amount must not more than RM 2500 per month, and duration must be more than 6 months.

the thing is- once approve, EPF will give debit the said amount into an savings account which you nominate... you may then transfer the money to the loan account, or use for other purpose.

I've just made the application, and it was approved and money into my account within a week.

Document needed-
1) bank statement stated the above. (EPF has its required format, but all the banks should be aware of this.
2) Original copy of S&P and a photo copy.
3) IC
there is no form to be filled.


and in my case, it is joint name, joint loan.

Yes, it is monthly withdrawal scheme.
And yes- it is EPF Templete, the bank knows. Some bank even allow you to make the request via on-line banking.
We need to pay a small fee around Rm 20 for bank to process this.