Auction properties
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 Apr 4 2019, 09:59 AM
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#1
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Newbie
23 posts Joined: Feb 2019 
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Hi. I have 2 questions. Maybe someone can help me:
1. Can I withdraw epf money if i succeeded in bidding? Or is it lelong unit not eligible to withdraw epf? 2. Im working in a bank and I am able to enjoy a much cheaper housing loan rate, so can i choose which bank I want to apply loan to? This post has been edited by tinkerino: Apr 4 2019, 10:02 AM |
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Apr 4 2019, 12:18 PM
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#2
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Newbie
23 posts Joined: Feb 2019
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QUOTE(AskarPerang @ Apr 4 2019, 10:58 AM) 1. Yes, can withdraw EPF after winning. You still need to have 10% cash in hand first to bid. Then only withdraw the money from EPF account 2. Thank you for your answer! Both answers is to my benefit and advantage. I thought that winning bidder can only apply from bank that auction off the property. Here, refer to this KWSP guideline: http://www.kwsp.gov.my/portal/documents/10...4__18092015.pdf Under section: (D) SUPPORTING DOCUMENTS FOR PURCHASE OF HOUSE FROM PUBLIC AUCTION 2. Yes, you can apply loan from any bank. But to get internal bank promo rate, of course you need to apply with the bank you are working. And is best to apply with few banks at once, not just with the bank you are working.  Thinking of getting a PL for the 10% as a buffer while waiting for kwsp to disburse account 2. Then settle the PL as soon as disbursement to minimize the interest incurred. You reckon it’s a good idea? |
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