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?

Its about 3-4 weeks of im not mistaken, reasonably fast

surprisingly that fast.... thanx!!

My friend get it within 2 weeks, even faster.

i did mine last time..it's about 14 working days if i not mistaken.
very easy & fast transaction i would say..
donwload all the form, prepare all the document, go to KWSP jalan gasing @ 8.00am, after 1 minutes, my number is up, go to counter, 5 minutes checking & completing the form by the officer (ask him how long it takes to get the money), then done! go home, wait for 14 days, check ur statement online. if saw some deduction, then check ur bank account.
hoho..kaya already!!

If ur 1st time apply for EPF withdrawal then even faster becuase the money is direct debit into your personal account. My customer told me 3-4 days he get the money from EPF. I so surprising when he told me..

mm.. hope i'll get it as fast as i can! thanx!!

Your friend must be withdrawing the 50 years old package if not wont be so fast, becos for housing withdrawal the fastest is 1o days.

He is not my friend but my customer. He is only 30 years old. I'm not sure where is he applying but he told me he get the money in 3 to 4 days. I never apply before so I don't know, i jz sharing this here only.

a yr ago, i got my first EPF withdrawal for buying house in about 11 or 12 days, can't remember the exact days.
told by EPF officer usually within 2 weeks.

some say... i only need to submit snp (stamp) + loan agreement + ic + acc no... but some say.. i need letter from land ofc like suratan hak milik & surat kebenaran pindah milik frm pejabat tanah.. so which one is true? if i only need to submit only the 1st choice (without landofc letter) thn it would b easy for me.. but wht if I need to wait letter frm land ofc? its gonna take month isnt it??

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Added on December 21, 2008, 1:25 pmforgot to mention that this is a subsales.. I bought direct from the owner

This post has been edited by starsailor1070: Dec 21 2008, 01:25 PM

i heard that EPF withdrawal, especial for joint name without relationship, it will become difficult, is it true?

Some experience shared by others:
EPF new rule, no married no $$$$

if i remember correctly my withdrawal last year took about a week only. i was quite suprised cos the staff told me that usually 2 weeks to a month.

Just submitted my form and docs today, was told 21 days.

Oh yes, one more thing. For withdrawal to buy house, the max amount formula is (house price - approved loan amount) + 10% of house price. Eg. House is rm400k. Loan approve is 300k. Max allowed = (400-300) + 0.10*400k = rm140k.

This post has been edited by kimyee73: Dec 22 2008, 05:50 PM

but what about those letter that I need from land office? is it gonna take ages?

i saw from other forum, KWSP really change the rule, which no longer allow a couple with no proof-of-relationship to withdraw EPF together, but only allow 1st a/c holder...

If you bought direct from owner, it depends on whether individual title has been released. If not yet, you need Deed of Assignment or confirmation letter from the developer. If title already released, you need the seller's individual title and the KTN 14A form that has been processed by the land office. This should be fast. Get it from your lawyer.

If bought from developer, the S&P agreement would suffice; later on they'll copy your IC as proof that you have come in person to do the withdrawal..

Not only that. If you took loan, you need to provide the loan offer letter as well if withdrawal within 1 year from S&P. If after 1 year, need to provide loan agreement instead. Also need to bring your saving account book or current account statement. It has to be individual account, no joint account allowed.

it's depend on the branch. I got mine within a week. It surprised me. The branch at Danau Kota

FYI, there's a lot who got their money in 1 week time.
I've also just went to KWSP yesterday and for further information; for those whom had made their purchases within the time frame of 3 years, they may still remit the money directly into one's personal account even though one already had a housing loan. Applicable only to 1st time withdrawal.

Mine is less than 2 years and they would remit the money directly into my personal account, hopefully in 1 week time too....

Yep EPF withdraw is really quick !
usually 1week working days onli~

question -

I want to know if I have applied for the withdrawal and approved but I change my mind and decide to sell the house, what will happen? Do i still get my money?

Thanks!!

I have applied my withdrawal for house purchase as well. Btw, my i-account still showing my application status as pending. It means after my status has changed to approved only I will receive my money?

Mine says "Lulus" already yesterday but still haven't see the money yet.
Will wait couple of days to see how long it takes from there on.

How long you have applied?

Mine is on the 31st December and "Lulus" is on the 12th January considering all the public holidays in between i would say quite efficient. Counted exactly 7 working days.
Now it depends on how fast the money got credited into the account.

if let say the s&p is joint name, but loan only one person name, can both still withdraw from epf ?

This post has been edited by onlinefever: Jan 14 2009, 10:15 AM

Am not sure. But most probably can as S&P is joint name.
My case is S&P and loan is one name. So my wife can take out the money as helping partner settle loan. However unlike me which the money is directly credited into my personal account, my wife is given a cheque pay direct to the bank.



btw to all, my money is credit last evening

WoW! Great! So fast. Have you received any letter before you receive your money in your bank account? If not mistaken, the EPF officer told me they will send a letter informing your application status.

No.
Unless you request to collect the money in the form of cheque; than they would call you when the cheque is ready.

However, if they do send a notification letter; I bet it would be via snail mail. Thus if you look at mine, it is approved on the 12th and I guess they would credit the balance either on that day or in my case the next day into the account. Thus snail mail would be slower than their process. I got to know it through checking KWSP online and also monitoring my account.

My online status is Pending. Today is already 1 week. I have to monitor from time to time.

Don't worry....just wait...

b00n,
Mind to ask which branch you applied? Is the approval can be done locally or has to be route to the HQ?

I went to Bkt Gasing. But my account was opened in Kuching, S'wak.
My friend went to Danau Kota and got his also in 1 week time.

I submitted on 22 Dec and till today see no money yet

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Added on January 14, 2009, 5:15 pmWhat is the type of withdrawal shown in your i-akaun? Mine shows BUY2HSE and still DALAM PROSES. Maybe the type of withdrawal will determine the TPT.

This post has been edited by kimyee73: Jan 14 2009, 05:15 PM

mine took less than 2 weeks... applied at jln gasing branch.

Yes, u will get the money
but mostly there have no ppl will do tat coz u will get ur loan penalty

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.

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

This post has been edited by lone_rider: Jan 15 2009, 02:59 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.

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.

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?

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..

Yes, mine is for second house. I'll probably call them up and find out what is holding them.

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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

This post has been edited by kimyee73: Jan 16 2009, 03:12 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.

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.

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

This post has been edited by ckryan: Jan 20 2009, 10:00 AM

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..

It will be within 21 working days.

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...

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

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Added on January 22, 2009, 8:37 amYou 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

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

Yes, you are right. It takes about 2 days after "diluluskan", then you will see your monies. Yours is superb fast!

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

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 ??

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?

Yesssssssssssssssssssssssssssssssssss

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

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

wohooooooooooooooooooooooooooo

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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 ??

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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

Based on my experience, usually within 2 weeks (referring to working days).

I submit my application on 19th August Wednesday .after 4pm ...

I saw it was DILULUSKAN on 21st August Friday ..

I called EPF ... they say once DILULUSKAN ..at least 3 working days ..then only can get money in my bank ...

Then iam sad ... i have to go through the weekend without money ....

I dont have any money ...i ask from friends ..but they also dont have ...

On Saturday 22 August morning...I very sad ... i walk by the street ... and i were passing by a bank ... then deciced to just check my balance in the bank ...

suddenly for my suprise .. the was a 5 DIGIT balance in my account ... shocked big time ...

EPF fcking efficient really ... not working day also ..can credit money into my bank ...


I damn happy liao ... untill now ..i havent sleep ... drink too much yesterday ... got money really cannot sleep ...

Johnny,
Why so exicted??? Those are your money anyway.

gov nowadays are more efficient then private(banks) or at least towards to...

im waiting my money for almost 4 weeks.....didnt approve yet.....cant stand anymore...they dun do the job ar?argggh....so hot oledi...

i and my wife gotten ours very quickly too..
submit one monday.. then wed receive letter saying approve..
tehn two more weeks.. got the money..
now, place all of them in FD as my hse loan is still not yet active as have not release the 90% amount yet to owner..
pending for some doc...

It seems that EPF is duper duper efficient now. I've submitted last Friday
and Wednesday afternoon the money is in!

Now, how I wish that all other government agencies can be like
EPF

i think LHDN also very efficient nowadays...but in terms of collecting money from you..giving back the 'terlebih potong' one..i don't know...hihihi

these two agencies sure improve alot in their efficiency..
just hope the rest also the same..

another one that had improve is the immigration on doing or renewing passport.. hehehee

I sure hope they're efficient in paying out, cos application has been a real pain for me. Never state clearly what's required.

Full story on my blog below:

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Added on October 7, 2009, 1:39 amI submitted my KWSP withdrawal on 16th Sept. Until now still haven't got anything yet.
When I query them, they say it takes 21 working days

bah


This post has been edited by darylchan: Oct 7 2009, 01:39 AM

my application has been approved today, total working days is 15 days , considered fast as they mentioned need 21 working days, dunno how those people can get within few days time...my application submitted at EPF Jln Gasing , now waiting for fund to transfer into my account

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Added on October 17, 2009, 8:19 amupdate: money was banked in yesterday, this morning funds available already

This post has been edited by rayfoo: Oct 17 2009, 08:19 AM

sorry ... if this sounds a stupid question... but juz want to get some light from u guys ..

- If EPF withdrawal approved n got the fund ready, while the 90% bank loan not yet fully released, is better to put it for temporary in our existing Saving A/C, or, to Fixed Deposit a/c ?

that depends on what is the status of ur bank loan now, if within 1 month it's gonna be released, put in saving/FD is the same.

btw, i got mine EPF money released in 4days , Gasing branch.

hi sifus.... I have questions... so it is impossible to use epf withdrawal to pay my 10% house downpayment without using my own money first? Is there any possibilities to extend the downpayment period after signing S&P?

This post has been edited by prempal: Apr 5 2010, 01:30 AM

That you\ll have to discuss with the sales guys. Usually they can arrange.

wahh. Jalan Gasing is getting very good feedback. I will try there next week. I will update you guys on this. See how it go..

i withdraw ACC2 every year @ jln gasing, everything can kau tium in less than an hour & the money will debit into the loan ACC within a week

wow thanks for the info bro...

margin of withdrawal is the difference of snp price and the loan amount taken + 10% of the purchase?? (plz correct me if i'm wrong)

nowadays even can withdraw for the monthly installment... provided the property has been been completed...

if it's a completed property, can withdraw as long as we have money inside ACC2 for installment? does it base on any percentage? or we can clear out ACC2 every month?

another silly question, assume i'm a first time house buyer, i heard that i have to fork out the 10% first, sign S&P, then only can bring to S&P to apply for withdrawal. if i'm short of cash to pay for 10% down payment, i'm wondering if i can withdraw from ACC2 base of a booking receipt?

I got my in 1 weeks , no hassle when i submit the form as they is a checkpoint counter could assist on filling the form . Good Job EPF.

I submit mine on 31 May 2010, Jalan Gasing, until today no news yet. At the counter officer told me to wait 2 weeks.

I called them yesterday, the say application still pending, they asked me to call back again to check another day.

Today I called them again, they say not yet approve and worse ask me question such as , have you submit your loan agreement?
I was shocked, how can this happen, I asked them then why they accepted my forms and application.
I mentioned I have submitted the documents that is needed.
Then they say, okie, thank you for waiting, you have your loan agreement submitted, please call another day to check on status.
And told me normally within 21 working days will get your money.

What the #$@#$#$... furious now... maybe call center and the KWSP not in sync is it?

haha...need to borrow from Ah-long already.

Usually when they hold the application is because some other documents are required due to certain special circumstances ... Like my case also..

Wat's the feedback from their call center ?

btw, which phone num of jln gasing branch u called ?
i called them many times but their lines always no one pick up .. heard from call center is because their processing dept very bz ..

Submitted mine on 26th April 2010 - EPF Shah Alam branch.

I called like everyday to their call centre just to check if it's approved.

Anyway, got the $ by 05th May 2010. About 1.5 weeks. I'd say they're quite efficient.

they direct debit into bank accounts ? how you withdraw? all the $ in account two?

I submitted my application at Jalan Changkat Raja Chulan Branch (Trust me, nobody here wan)...kau tim submission in 10 mins...cos not many ppl know this branch and its just in front of my office...so i went at 8.30am

Submitted : 2nd June 2010
Diluluskan : 10th June 2010 (7 working days in total)

Now waiting for money, but I think I should get it today or next week d..

Hope it helps..

The jalan gasing branch is the slowest? i plan to submit my app there cause it is the nearest to ma house.

it took me around 1 week for the process and pops.... i got the money in MBB now )
aiks.. no time to go and meet the developer for the 10 % deposits

for the docs required, like s&p, loan agreement:
a) do we hv to bring the "Original" (which normally kept by bank) or the "Copy" (that we have 1 set)?
b) do we need to make a photocopy for epf or just bring there for the officer to see only?

tq.

need the copy onli that you have 1set loo as for the epf requirement..
then u need another photocopied of that too ( i mean photocopy to hand it to them)

u need to bring each of the necessary documents in Original + Copy ... 'koz they need to verify ..

2 different people got 2 different requirement... i guess epf themselves not standardized on the requirement.

Life_House... which branch u go... want to avoid

FirezZ... which branch u go... this one sounds not so strict

errr.. not straight meh ? hmm went to PJ area there.. jln gasing...
i got photocopies of both :

- ic (ori and copies)
- loan agreement (ori and copies)
- snp (ori and copies) we don have the original copy right ? so it is the photocopy version from the lawyer
- bank book (ori and copies)

i guess that's all

earlier u mentioned: no need the "original" s&p and loan agreement, right?
but seems misunderstood... so for the "photocopy version from the lawyer".. is it photocopy from the "Original"? or the one stamped as "Copy"?

+1

ori (or ori from lawyer) + copy... i think it's also stated like that in their web..

This post has been edited by zeese: Jun 11 2010, 02:57 PM

hmm.. i guess misunderstanding jor
let me go back home to double check and let u know agaian

*sorry too if my previous statement was wrong

i bought a subsale house. is bringing the above is enough ? is letter of consent also which that might takes ages to obtain....

wat do you mean "ori from lawyer"? the one marked as "Original" always with bank if take loan.

You can choose to direct debit into your bank a/c or to issue a cheque to your name.

I think she meant an original copy from the lawyers. Regardless if it is photocopied or not, as long as it is stamped original on the snp. EPF officer need to sight the original copy.

i went to jln gasing branch also.
yeah u're right ... Looks like they don't really have a standard that is shared across HQ & branches & call center .. my experience confirmed this ..

Even my S&P lawyer reminded me before, that his clients also came across situations like different officers tell a bit different thing for those critical requirements .. So we as applicant gotta be alert to avoid unnecessary mistakes, else would cause delay, or worse, wasting a trip there



For my case, i brought also the title, or they call 'geran'(ori + copy), obtained from my S&P lawyer..
Must be under names of current owner to the applicant's name..
else u'll waste the trip there also, just because of this piece of document .. That's wat i came across .. Wasting 1 annual leave day then gotta visit again for another day ..



In my case, i got a "Certified-True" of the "Duplicated Copy" S&P from my lawyer, then i photocopied it..


yeah Letter of Consent takes quite some time ... Depend on the land office .. time frame can be in range from 1 or 2 mths until longest 6 mth .. That's wat the lawyer told me.

And if kwsp request for this document, it can be a headache, cause it simply clash, in terms of processing time frame between kwsp & the land office..
So i came across such a case not long before, whereby kwsp send me a reminder letter saying that my application would be cancelled without further notice, if i fail to submit that document within 14 days from the issue-date of their reminder letter . That's ridiculous and i called the call centre to follow up, then send them my reply letter + Resit Perserahan, requesting to just hold and not straightaway cancel my application.