Oct 4 2022, 12:29 AM
QUOTE(MUM @ Jun 29 2022, 05:42 PM)
Self contribution will hv a different input code which will be different from the normal monthly mandatory employee contribution. Bankers will know.
Money in epf is creditor proof.. Something similar to money in insurance.
Money in epf will just display your asset which will have little use for the bankers in the event you defaulted from loan repayment....
My uneducated guess is that bankers may gives some consideration to the consistency, frequency, amount and the history of your track records in doing self contribution.
Are there any differences between self-contribution and normal employee contribution when applying for a loan?Money in epf is creditor proof.. Something similar to money in insurance.
Money in epf will just display your asset which will have little use for the bankers in the event you defaulted from loan repayment....
My uneducated guess is that bankers may gives some consideration to the consistency, frequency, amount and the history of your track records in doing self contribution.
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