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KWSP account 2 for renovation
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TSlemonkaki
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 Aug 7 2023, 01:16 PM, updated 3y ago
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Getting Started
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So I bought a house together with my 2nd half on 2021 (S&P signed on late 2021). I've would like to apply for kwsp account 2 withdrawal for my house renovation. May I know what is the correct process?
I've been told that they dont allow u to withdraw for renovation, but if for other method of withdrawal they wont question how you use the money. So thought of asking if anyone been through this before ?
This is also before I go to kwsp and ask since I already know they wont allow withdrawal for renovation.
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TSlemonkaki
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Aug 7 2023, 01:39 PM
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Getting Started
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QUOTE(emino @ Aug 7 2023, 01:23 PM) You cant withdraw for renovation, however you can withdraw 10% of the loan amount for house purchase, and can use that money however you want. People typically use those for reno. This for first time house buyer I think. https://www.kwsp.gov.my/en/member/withdrawa...artial/buy-homethank you, will check it out. this is my 2nd house, but my first house I also did not took any money from kwsp |
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TSlemonkaki
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Aug 7 2023, 01:55 PM
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Getting Started
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QUOTE(emino @ Aug 7 2023, 01:52 PM) 2nd house boleh jugak, also if your first house never take and haven't 3 years dari S&P can. If dah lepas 3 tahun cannot. You can only refer to second house term and condition. TQ thats what I want to hear! |
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