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 KWSP Acc 2 withdraw question

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YeohKW
post Mar 16 2021, 09:57 PM

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Joined: Jul 2016
From: Kota Kinabalu, Sabah


QUOTE(zihun03 @ Mar 8 2021, 01:09 PM)
Hi all,

I have a question about KWSP account 2,

user posted image

All withdrawal payments will be credited directly into our housing loan account
what 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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