EPF withdrawal for new launch
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 Nov 17 2016, 08:53 PM
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#1
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Senior Member
3,718 posts Joined: Nov 2015 
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QUOTE(chenster @ Nov 17 2016, 12:09 PM) yes u can withdraw from account 2 for property anytime.. bro mind tell more details? U withdraw from acc 2 every 2 years for same property or different? Tot we can only withdraw once for lump sum, then subsequently if still need money for acc 2, then it will be the loan instalment amount...been doing every 2 years..  |
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Nov 17 2016, 09:13 PM
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#2
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Senior Member
3,718 posts Joined: Nov 2015
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QUOTE(botaknet @ Nov 17 2016, 09:04 PM) 3 type for epf withdrawal for housing: the 2nd one, how it works? they paid lump to ur loan account or personal acc (then deduct slowly from personal account)?1) for house deposit purpose. 10% + 10% from house price. ( acc 2 also ) 2) for installment. ( ALL in acc 2 ) 3) to reduce principal balance. ( ALL in acc 2 ) every 2 years withdraw? ru sure for deposit rrr mr chenster? |
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Nov 19 2016, 10:20 AM
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#3
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Senior Member
3,718 posts Joined: Nov 2015
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QUOTE(botaknet @ Nov 17 2016, 09:28 PM) they will put in your personal account. monthly disburse from EPF to your Personal account. i see.. so my tot is correct, just the deposit part is lump sum, others are all in instalment... can we withdraw the deposit using House but instalment withdrew using house B?? both houses still on hand... and if you got 2 houses, which is suggested to be used, the pricier or the cheaper? assuming will be getting 3rd house by selling one later...not lump sump. |
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Nov 19 2016, 09:49 PM
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#4
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Senior Member
3,718 posts Joined: Nov 2015
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QUOTE(botaknet @ Nov 19 2016, 03:00 PM) Withdrawal will be tagged for the first one that you've been witdhrew before either for installment or deposit. Okay thanks.. acc 2 too little, cant even reach 10%...Only for the A house only. Not combination A and B house. I will choose for pricier one to max our entitlement for deposit which is 10℅ + 10℅ from the house price. Use our money. Why park only in epf. Go buy buy buy house. Hehe * Subject to epf account 2 only. |
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