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 To withdraw EPF money or not ?

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TSn73me
post Oct 23 2008, 09:09 AM, updated 18y ago

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In view of the current loan rates offerings (BLR - 2.X), it is still wise to withdraw our EPF money to reduce the loan amount ? or is it better for the EPF money to be sitting there collecting the annual dividen of 5.X % ? anyone did the calculations lately ?
TSn73me
post Oct 23 2008, 05:47 PM

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QUOTE(sordanny @ Oct 23 2008, 03:55 PM)
I dun think u can simply take it out ler
Not sure about using it to settle loan but for buying new property it goes directly to the lawyer (stakeholder) which will be passing it to the developer so it won't be up to u whether to pay a portion and keep some  wink.gif

Bro n73me I think if u're thinking of invest y not use the epf acc3 money as downpayment for another new property???
Better investment lerr  thumbup.gif
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i agree with you, i am hunting for more property but just that it came across my mind that i have some money in the epf that i could utilise, but not sure whether to keep it there or take it out...

 

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