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Financial how long is the kwsp withdrawal

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lone_rider
post Jan 15 2009, 02:59 PM

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I'm going to submit my form at kajang branch tomorrow..
Hopefully their stuff is helpful and responsive..
Will report the outcome later when i get the money smile.gif

This post has been edited by lone_rider: Jan 15 2009, 02:59 PM
Doctoryes999
post Jan 15 2009, 03:43 PM

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Hi All,

Can somebody give some respond to me.

My case is i had signed the S&P about 2yrs and now the property still under construction. In this case, can i apply for EPF withdrawal also? this property is under joint name.
budak_bagus
post Jan 15 2009, 04:44 PM

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QUOTE(b00n @ Jan 15 2009, 01:11 PM)
Mine is BUY1HSE. i.e. first withdrawal.
Yours I guess is second withdrawal right? Or it's supposed to be paid to the loan account instead?
I think you can try calling the help line and as about the status and the difference between the 2 terminology.
*
It is better you to call KWSP and check with them what is the prob with your withdrawal. Supposed it does not take this long period of processing time.
Las time, my friend also have to wait so long. When she called, the officer said that there are problems with her figerprint record in their database. It is blur. so, they cannot match with the fingerprint in her withdrawal application form. The solution is, she had to go to KWSP again to rerecord her fingerprint.
b00n
post Jan 15 2009, 05:55 PM

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QUOTE(Doctoryes999 @ Jan 15 2009, 03:43 PM)
Hi All,

Can somebody give some respond to me.

My case is i had signed the S&P about 2yrs and now the property still under construction. In this case, can i apply for EPF withdrawal also? this property is under joint name.
*

Short answer: Yes.

Btw, if the application is less than 3 years of the S&P signed; you still have the choice of creditign the money into your personal account.

Doctoryes999
post Jan 16 2009, 09:47 AM

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QUOTE(b00n @ Jan 15 2009, 05:55 PM)
Short answer: Yes.

Btw, if the application is less than 3 years of the S&P signed; you still have the choice of creditign the money into your personal account.
*
My property is under joint name which i purchase with my fren.
Can i apply the withdrwal alone?
bearbearhong
post Jan 16 2009, 11:06 AM

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QUOTE(lone_rider @ Jan 15 2009, 02:59 PM)
I'm going to submit my form at kajang branch tomorrow..
Hopefully their stuff is helpful and responsive..
Will report the outcome later when i get the money  smile.gif
*
normally it will take withitn 1 to 2 weeks, the $ will release.

I went to a EPF branch last few weeks, took me almost 2 hours and the officer informed documents insufficient...lousy service that they should set up a customer service to check our documents before our number called..if they have done so, any applicant without full documents could have left earlier without waiting for the long queue.. vmad.gif
kimyee73
post Jan 16 2009, 03:06 PM

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QUOTE(b00n @ Jan 15 2009, 01:11 PM)
Mine is BUY1HSE. i.e. first withdrawal.
Yours I guess is second withdrawal right? Or it's supposed to be paid to the loan account instead?
I think you can try calling the help line and as about the status and the difference between the 2 terminology.
*
Yes, mine is for second house. I'll probably call them up and find out what is holding them.


Added on January 16, 2009, 3:12 pmNo need to call already. Just went into i-akaun and approved liao. Now waiting for the $$ to bank in rclxm9.gif

This post has been edited by kimyee73: Jan 16 2009, 03:12 PM
lone_rider
post Jan 19 2009, 03:58 PM

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QUOTE(bearbearhong @ Jan 16 2009, 11:06 AM)
normally it will take withitn 1 to 2 weeks, the $ will release.

I went to a EPF branch last few weeks, took me almost 2 hours and the officer informed documents insufficient...lousy service that they should set up a customer service to check our documents before our number called..if they have done so, any applicant without full documents could have left earlier without waiting for the long queue.. vmad.gif
*
this one of the situation i want to avoid..been in this situation couple of time..
thats why i have to postpone the submission just to make sure all of the document
needed prepared..
hate that happen especially when you already sacrifice your annual leave..
budak_bagus
post Jan 20 2009, 08:06 AM

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QUOTE(lone_rider @ Jan 19 2009, 03:58 PM)
this one of the situation i want to avoid..been in this situation couple of time..
thats why i have to postpone the submission just to make sure all of the document
needed prepared..
hate that happen especially when you already sacrifice your annual leave..
*
i think kwsp jalan gasing has already setup the document cheking counter. And the process will be faster if submit your application there because all the approver are there. All aplication form other branch will be submitted here.. so if you directly go there, you cut the delivery time.
ckryan
post Jan 20 2009, 08:37 AM

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My application has been approved today. Just checkded my i-Account. I applied on 7 Jan and it takes about 2 weeks for processing. Now checking my bank account whether monies are in.


Added on January 20, 2009, 10:00 amkimyee73,
Got your monies?

This post has been edited by ckryan: Jan 20 2009, 10:00 AM
lone_rider
post Jan 21 2009, 02:34 PM

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QUOTE(budak_bagus @ Jan 20 2009, 08:06 AM)
i think kwsp jalan gasing has already setup the document cheking counter. And the process will be faster if submit your application there because all the approver are there. All aplication form other branch will be submitted here.. so if you directly go there, you cut the delivery time.
*
yup..in kajang also they will check your document before u can proceed to take ur number..
but maybe u need to come early i think since they not too busy to check everything..
its a bit complicated for apartment since involve strata title and everything..
better ask your lawyer first laa..

Clareen
post Jan 21 2009, 06:34 PM

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QUOTE(starsailor1070 @ Dec 18 2008, 11:55 PM)
Can someone tell me how long do I have to wait for kwsp withdrawal after sign snp? I bought a house in Pristana, Sg Buloh which is lease hold.  plus if there is land restriction or anythings else.. how long do u guys thing I need to wait?
*
It will be within 21 working days.
terencelee
post Jan 22 2009, 12:02 AM

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Hi guys,

Lets say if i were to buy a house, do I have to pay the 10% downpayment with my own money first then only take back from EPF... or can I wait for my EPF money and use it as the downpayment without touching my own savings...
ckryan
post Jan 22 2009, 08:35 AM

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My monies already banked in. Incredibly fast after the approval then within 2 days. I got the monies.


Added on January 22, 2009, 8:37 am
QUOTE(terencelee @ Jan 22 2009, 12:02 AM)
Hi guys,

Lets say if i were to buy a house, do I have to pay the 10% downpayment with my own money first then only take back from EPF... or can I wait for my EPF money and use it as the downpayment without touching my own savings...
*
You have to pay the downpayment on your own pocket money first. You need to have the SPA,Deed of Assignment or Developer Consent letter. You will need to settle the at least 10% upon the signing of SPA only your lawyer will do the stamping for you.

This post has been edited by ckryan: Jan 22 2009, 08:37 AM
lone_rider
post Jan 22 2009, 02:38 PM

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i submit my application yesterday but today i check the status already
"di luluskan"..is that mean i just need to wait for the money to be deposited?
if that so, its soo damn fast smile.gif
ckryan
post Jan 26 2009, 12:18 PM

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QUOTE(lone_rider @ Jan 22 2009, 02:38 PM)
i submit my application yesterday but today i check the status already
"di luluskan"..is that mean i just need to wait for the money to be deposited?
if that so, its soo damn fast  smile.gif
*
Yes, you are right. It takes about 2 days after "diluluskan", then you will see your monies. Yours is superb fast!
outsider
post Jan 26 2009, 06:09 PM

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anyone got the list for those age to withdraw the EPF for investment link unit trust and others?

SUSjohnny66
post Aug 20 2009, 03:49 PM

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QUOTE(lone_rider @ Jan 22 2009, 02:38 PM)
i submit my application yesterday but today i check the status already
"di luluskan"..is that mean i just need to wait for the money to be deposited?
if that so, its soo damn fast  smile.gif
*
You must be damn luckiest person in Malaysia ...

I submitted yesterday .. today i had login to EPF and check 5 times already ..still DALAM PROSES ...

I think it will take around 2 weeks ...

I just wonder how your case 1 day diluluskan oredi ?? Do you submit at KL HQ ??
zzzxtreme
post Aug 20 2009, 06:12 PM

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hi gurus. so if i want to withdraw epf to pay house loan, is this the correct procedure?

House Price RM100K
Bank Loan 90%

1) pay 2% booking/deposit
2) wait for agreement
3) apply loan
4) pay bank RM10K downpayment. bank will pay owner RM100K
5) wait for kunci rumah
6) apply epf withdrawal (30% of total)
7) the epf money shall be paid to bank

like that izzit?
SUSjohnny66
post Aug 21 2009, 08:57 AM

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Yesssssssssssssssssssssssssssssssssss

Checked this morning ...DILULUSKAN oredi ... super fast ...2 days nia ..

Now wait 2 working days only ... Tuesday should receive money liao ...

wohooooooooooooooooooooooooooo


Added on August 21, 2009, 9:13 amAfter i refresh ...they had updated ...

TAIRKH BAYARAN is 21/08/09

Do i get payment today ?? or still need to wait 2 working days ??


Added on August 21, 2009, 10:10 amBut why ...when i check on Penyata Semasa ... My Akaun 2 balance havent been deducted ...

Is there any technical error made by the epf staff ?? like this really hot .... hope nothing went wrong !!!

This post has been edited by johnny66: Aug 21 2009, 10:10 AM

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