KumpluanWang Simpanan Pekerja
(Employees Provident Fund)
Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur

Email: enquiry@epf.gov.my

Website: http://www.kwsp.gov.my/kwsp

TO PURCHASE OR BUILD A HOUSE UNDER THE WITHDRAWAL SCHEME

This scheme allows members to withdraw from their account II to purchase or build a house or shop house with a dwelling unit.

Amount eligible to withdraw

Members can withdraw their savings under this scheme as below, whichever is lower:

• The difference between the price of the house and the housing loan with an additional 10% of the house, or
• The balance amount in account II.

Example:

In this case, applicants can only withdraw RM18,000.00, which is the balance in Account II. To apply, applicants are required to submit the KWSP 9C (AHL) form together with the necessary supporting documents.

Applicants are also allowed to apply under the Reducing or Redeeming Housing Loan Withdrawal Scheme for the same house every three years.

WITHDRAWAL SCHEME FOR REDUCING / REDEEMING HOUSING LOAN

This scheme allows applicants to withdraw from their Account II to reduce or redeem their housing loans. Withdrawals can be made once every three years.

Terms and conditions

Applicants may apply under this scheme if:

1. There is an outstanding balance of loan for purchasing a house or shop house with a dwelling unit;
2. Applicants who have refinanced their said house are subjected to withdraw the amount of the original housing loan; and
3. Applicants who have not attained the age of 55 from the date of application received by the EPF.

Applicants do not qualify under this scheme if:

1. The purpose of withdrawal is for renovation, repair or for extensions of the existing house.
2. Applicants have mortgaged the house to acquire finance for use other than purchasing or building a house.

Amount eligible for withdrawal: Applicants can withdraw their savings under this scheme shown below or which ever is lower:

For individual application

• Total outstanding balance of the loan; or
• Balance amount in Account II.

For joint application

• Total outstanding balance of the loan, or
• Balance amount in Account II for both applications.

Under joint application, EPF will process the application of the first purchaser. If the amount is insufficient, EPF will proceed to process the second purchaser.

Example

Individual Application

Joint Application

How to apply

Applicants are allowed to apply for the withdrawal under this scheme every three years from the same account from the date of the first withdrawal. Members are required to submit the KWSP 9C(AHL) form to the EPF.

WITHDRAWAL TO REDUCE OR REDEEMING HOUSING LOAN FOR SPOUSE

Effective from 2nd January 2001, applicants can withdraw from their account II to reduce or redeem housing loan for their spouse on the condition that:

• They are non-borrowers;
• They are registered as co-owners;
• The house is mortgaged to the financial institution.

WITHDRAWAL TO REDUCE OR REDEEMING HOUSING LOAN FOR SECOND HOUSE

Effective from 2nd January 2001, applicants can also withdraw to reduce or redeeming housing loan for their second house on condition that the first house, which was funded from their EPF savings has been sold.

For more information, please visit or call the nearest EPF office. Any queries can be sent to the EPF via e-mail.

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WITHDRAWAL FOR SECOND HOUSE

Effective from 2nd January 2001, applicants can also withdraw from Account II to purchase or build their second house on condition that the first house, which was funded from their EPF savings, has been sold.

Applicants are required to submit documentation of the sale of property such as:

• Memorandum of Transfer (KTN 14A); or
• Title Deed under purchaser's name; or
• Deed of Assignment; or
• Loan Agreement cum Assignment.

If the house purchased or built before 2nd January 2001, applicants can only withdraw to reduce or redeem their housing loan only.