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KWSP Acc 2 withdraw question
TSzihun03 P
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Mar 8 2021, 01:09 PM, updated 4y ago
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New Member
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Hi all, I have a question about KWSP account 2, All withdrawal payments will be credited directly into our housing loan accountwhat is this mean actually ? the money will direct transfer into your house loan account OR your bank saving account ? Abit confusing here... i was planning to make withdrawals from Account 2 to reduce/redeem my housing loan balance, but not sure if the money go to your house loan account or your saving account.
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YeohKW
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Mar 16 2021, 09:57 PM
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Getting Started
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QUOTE(zihun03 @ Mar 8 2021, 01:09 PM) Hi all, I have a question about KWSP account 2, All withdrawal payments will be credited directly into our housing loan accountwhat is this mean actually ? the money will direct transfer into your house loan account OR your bank saving account ? Abit confusing here... i was planning to make withdrawals from Account 2 to reduce/redeem my housing loan balance, but not sure if the money go to your house loan account or your saving account. Based on my previous experience, not sure if things have change ya. All payment will be credited to your bank account, which linked to the loan. The standing instruction will deduct the monthly instalment from the account
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FeelSoGood P
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Oct 12 2021, 10:01 AM
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New Member
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Hi all, I also have a question about KWSP account 2.
When we can withdraw all money in KWSP account 2 ?
Thx!
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mini orchard
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Oct 12 2021, 12:36 PM
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QUOTE(FeelSoGood @ Oct 12 2021, 10:01 AM) Hi all, I also have a question about KWSP account 2. When we can withdraw all money in KWSP account 2 ? Thx! When you reach 50.
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KamisF
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Oct 13 2021, 10:34 PM
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Getting Started
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QUOTE(zihun03 @ Mar 8 2021, 01:09 PM) Hi all, I have a question about KWSP account 2, All withdrawal payments will be credited directly into our housing loan accountwhat is this mean actually ? the money will direct transfer into your house loan account OR your bank saving account ? Abit confusing here... i was planning to make withdrawals from Account 2 to reduce/redeem my housing loan balance, but not sure if the money go to your house loan account or your saving account. i did withdrawal kwsp account 2 for house purchase this year, it went to my saving account.
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DragonReine
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Oct 14 2021, 08:32 AM
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QUOTE(zihun03 @ Mar 8 2021, 01:09 PM) Hi all, I have a question about KWSP account 2, All withdrawal payments will be credited directly into our housing loan accountwhat is this mean actually ? the money will direct transfer into your house loan account OR your bank saving account ? Abit confusing here... i was planning to make withdrawals from Account 2 to reduce/redeem my housing loan balance, but not sure if the money go to your house loan account or your saving account. Savings account from my experience. Not the loan account.
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takwee
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Oct 18 2021, 02:16 AM
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New Member
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1. Purchase house, it goes to your savings account 2. Reduce house loan/monthly installment, it goes to your account that is linked to the loan
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iandope
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Oct 26 2021, 01:27 PM
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Getting Started
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how long is the process usually?
im planning to withdraw from my epf to top up my 20% downpayment and ive waited for 3 months now to get my stamped copy of the SPA from the lawyer.
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Noryume
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Oct 26 2021, 02:15 PM
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I think this is for lump sump take out to reduce housing loan will go to loan account. If take out for monthly commitment will deposit to your saving account.
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Noryume
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Oct 26 2021, 02:16 PM
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QUOTE(iandope @ Oct 26 2021, 01:27 PM) how long is the process usually? im planning to withdraw from my epf to top up my 20% downpayment and ive waited for 3 months now to get my stamped copy of the SPA from the lawyer. If document all complete, less than a month.
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iandope
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Oct 26 2021, 02:26 PM
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Getting Started
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QUOTE(Noryume @ Oct 26 2021, 02:16 PM) If document all complete, less than a month. thanks for the answer. hopefully can get my copy of the SPA soon.
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that1337guy P
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Oct 27 2021, 11:16 AM
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New Member
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QUOTE(iandope @ Oct 26 2021, 01:27 PM) how long is the process usually? im planning to withdraw from my epf to top up my 20% downpayment and ive waited for 3 months now to get my stamped copy of the SPA from the lawyer. there's further things required, not just the SPA. check clause 2.3 on this Form KWSP 9C (AHL) and Checklist (google, i cant post link now under probation account)
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iandope
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Nov 5 2021, 12:36 PM
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Getting Started
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QUOTE(that1337guy @ Oct 27 2021, 11:16 AM) there's further things required, not just the SPA. check clause 2.3 on this Form KWSP 9C (AHL) and Checklist (google, i cant post link now under probation account) mine falls under 2.1 PEMBELIAN RUMAH DARIPADA PEMAJU the lawyer said will prepare all the relevant documents on my behalf. just wait for them to send it over to me.
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