What is EPF Housing Withdrawal?
The Employees Provident Fund (EPF) allows members to withdraw from their Account 2 to finance the purchase of a house. This facility helps reduce your financial burden when buying a home.
Purchase a house
Withdraw from Account 2 to finance your home purchase
Build a house
Finance the construction of your home on your own land
Reduce or settle housing loan
Use your EPF savings to reduce your existing housing loan
Eligibility Criteria
- Member must be at least 55 years old
- Member has not made a full withdrawal
- The property must be for self-occupation
- Member does not own more than one property
Withdrawal Limit
Members can withdraw from Account 1 to purchase or build a house, subject to the available amount in the account after maintaining the Basic Savings amount based on age.
Important Note
Withdrawal from Account 1 will affect your retirement savings. Consider this option carefully and consult with an EPF officer before proceeding.
- Sale and Purchase Agreement
- Loan Agreement/Offer Letter
- Identity Card
- Latest EPF Statement
- Bank Account Details
You can submit your application through:
- EPF branch office (in person)
- EPF online portal (i-Akaun)
- Through your housing developer or financial institution
- EPF will process your application within 14-21 working days
- You will be notified of the approval status
- If approved, funds will be disbursed directly to the seller/developer or financial institution
Need Help with Your EPF Withdrawal?
Our property consultants can guide you through the EPF withdrawal process and help you maximize your benefits when purchasing a property with Bidara Camar.
Expert Guidance
Our team is familiar with EPF withdrawal procedures and requirements
Document Preparation
We'll help you prepare and organize all necessary documents
Application Assistance
Get support throughout the application and approval process