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Financial how long is the kwsp withdrawal

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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?

 

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