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> EPF withdrawal for house

fearless_kiki
post Sep 13 2018, 12:45 AM, updated 3d ago

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Hi, just want to ask if there's anyone got problem when withdraw money from EPF to buy house. (Delay, application reject etc). I hope it goes smoothly as I am relying on this money to buy a house.
crabken
post Sep 13 2018, 12:50 AM

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extremely smooth and efficient
Captain Coco
post Sep 13 2018, 12:51 AM

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very efficient..
thefryingfox
post Sep 13 2018, 01:04 AM

Lonely Maharajah
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With all the correct documentations....it's pretty smooth
Ekash
post Sep 13 2018, 06:43 AM

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QUOTE(fearless_kiki @ Sep 13 2018, 12:45 AM)
Hi, just want to ask if there's anyone got problem when withdraw money from EPF to buy house. (Delay, application reject etc). I hope it goes smoothly as I am relying on this money to buy a house.
*
I thought usually is u pay first, then only can withdraw from epf?? Anyway, the process is quite fast, within a week or 2then can get $$$, provided u gv them the correct copy of docs..
l4nunm4l4y4
post Sep 13 2018, 06:50 AM

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KWSP/EPF is one of the government entities with efficient professional workforce and strong SOP.
AgentVIDIC
post Sep 13 2018, 08:21 AM

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Hi Is it worth to withdraw from EPF for housin loan or better to keep it for the EPF interest?
Yamma
post Sep 13 2018, 09:57 AM

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QUOTE(AgentVIDIC @ Sep 13 2018, 08:21 AM)
Hi Is it worth to withdraw from EPF for housin loan or better to keep it for the EPF interest?
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the general rule is which ever give higher % return, is the better. If you are a bumi, another good option is to take out the money (under so called month installment) and put it in ASB. ASB give about 2% extra than EPF.
woolei
post Sep 13 2018, 10:34 AM

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QUOTE(AgentVIDIC @ Sep 13 2018, 08:21 AM)
Hi Is it worth to withdraw from EPF for housin loan or better to keep it for the EPF interest?
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take out account 2, put in house loan can save you more interest in long run.
8sg9ft
post Sep 13 2018, 11:15 AM

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Yeah like others have said, if submitted the right documents it will be processed without any hiccups and u should receive the funds within 2 weeks
sparcobulk
post Sep 13 2018, 11:21 AM

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Take all the account 2 money and put into asb
AgentVIDIC
post Sep 13 2018, 12:55 PM

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QUOTE(woolei @ Sep 13 2018, 10:34 AM)
take out account 2, put in house loan can save you more interest in long run.
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But if account 2 interest is 6.5% and housing loan interest is 4.8%, does it make sense to take out account 2?
AmeiN
post Sep 13 2018, 01:02 PM

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If you submit all required documents, less than 2weeks money in already. biggrin.gif
x132755
post Sep 13 2018, 01:32 PM

KL Freehold Projects from 350k. Property Agent Wanted!
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within 1 week can get
nexona88
post Sep 13 2018, 01:33 PM

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Documents all correct...
Within 2 week u get money..
Very easy.. Its the only gomen agency very efficient.. LHDN another one 😎 very fast in audit people...
tikusniaga
post Sep 13 2018, 01:37 PM

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QUOTE(AgentVIDIC @ Sep 13 2018, 12:55 PM)
But if account 2 interest is 6.5% and housing loan interest is 4.8%, does it make sense to take out account 2?
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No spare money, take out lah.

If you have spare cash, leave epf money alone.
Karen1995
post Sep 13 2018, 03:58 PM

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have to get loan and snp only can withdraw?
woolei
post Sep 13 2018, 04:08 PM

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QUOTE(AgentVIDIC @ Sep 13 2018, 12:55 PM)
But if account 2 interest is 6.5% and housing loan interest is 4.8%, does it make sense to take out account 2?
*
yes, that large amount of money from account 2 can save your cash flow.

Example if you monthly installment is RM1000, after take out all $ from Account 2 to repay outstanding loan, it might become RM500.

it save you RM500 cash flow per month + 4.8% interest.

with that additional RM500, your spending power is stronger.

not to mentioned let say after 2 years you sold the house, the money no need return to EPF, but can put it in your pocket.
Titantt
post Sep 13 2018, 05:12 PM

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QUOTE(Karen1995 @ Sep 13 2018, 03:58 PM)
have to get loan and snp only can withdraw?
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Yup, get offer letter from bank and stamped snp... prove of purchase n lending
maelzx
post Sep 13 2018, 05:22 PM

isha.my
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less than a week.

3 working days to be exact in my case. apply friday, next week tuesday sudah masuk.

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