EPF Withdrawal to Reduce / Redeem Housing Loan

This withdrawal allows you to withdraw your Account II savings to reduce or redeem the balance of your housing loan taken from a financial institution approved by the EPF for the purchase or construction of a house based on the followings conditions:

• Individual purchase; or
• Joint purchase with spouse, family members or other individuals; or
• Assisting spouse to reduce or redeem balance of housing loan.

Withdrawal Eligibility
You are eligible to apply if you are:

• A Malaysian citizen; or
• A Permanent Resident; or
• A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 but subsequently returned and re-contribute to EPF; or
• A Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.

You need to have savings in your Account II and you must also have not reached 55 years of age on the date the application is received by the EPF.

However, you are not eligible to withdraw for the purpose of:

• Renovating, repairing or make extension works to an existing house and for personal use; or
• Overdraft loan; or
• Loan taken from individuals.

Amount Eligible to Withdraw
Minimum amount of withdrawal is not less than RM500 and the maximum amount of withdrawal is subject to the balance of savings in Account II or the balance of housing loan, whichever is lower:

TYPE OF WITHDRAWAL
Individual/Assisting Spouse	Joint Withdrawal with Spouse / Family Members / Other Individuals
Total balance of housing loan; OR All savings in Account II subject to the minimum withdrawal amount of not less than RM500 and total balance of housing loan.	Total balance of housing loan; OR All savings in Account II of all applicants subject to the minimum withdrawal amount of not less than RM500 and total balance of housing loan.

You can choose to determine the amount you wish to withdraw from your savings in Account II, subject to the maximum amount you are entitled to withdrawal by completing "Surat Akujanji Pilihan Amaun Pengeluaran".

Frequency of Withdrawal
Withdrawal application can be made once a year from the date of last housing withdrawal. You must also have minimum RM500 balance in your Account II.

Enquiries
If you have any enquiry or require further information regarding this withdrawal please contact:

• Any nearest EPF Office
• EPF Call Management Centre at 03-8732 6000
• Short Messaging System (SMS) – Type EPF and send to 36373

Please quote your EPF membership number or your Identity Card number and the type of withdrawal that you have applied for when you contact the EPF. You are encouraged to contact the EPF directly for assistance and advice.