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PURPOSE 

This withdrawal allows members to withdraw from their savings in Account 2 to finance the purchase of a house. It enables members to own at least a home as a shelter in preparation for their retirement

 

APPLICATION ELIGIBILITY

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1. Member is a Malaysian Citizen or a non-Malaysian

2. Member has not reached age 55 at the time the EPF receives member’s application; AND

3. Member has at least RM500.00 of savings in Account 2

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TERM OF WITHDRAW

1. Member buys or builds a residential house (bungalow / terrace / semi-detached / apartment / condominium / studio apartment / serviced apartment / townhouse / SOHO) or a shop lot with a residential unit

2. Member obtained financing for the purchase of a house from any of the following approved institutions: a. Housing loan approved by the following institutions:

-  Financial Institutions licensed under the Financial Services Act 2013 or Islamic Financial Services Act 2013

-  Federal / State government or any other government financial agencies

-  Member’s employer

-  Licensed Cooperatives / Cooperative Companies (approved by the Malaysian Cooperative Commission)

-  Licensed insurance companies approved by Bank Negara Malaysia

-  Any loan providers approved by the EPF; OR

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b. Self-financing

1. Member has signed the Sale and Purchase agreement in not more than three (3) years from the date on which the application is received by the EPF

2. Member have never made any Housing Withdrawal; OR

3. Member have made a withdrawal to purchase/build a house and have disposed or lost ownership of the house, and

4. subsequently purchase a second house. Proof of disposal or loss of ownership for the first house must be submitted.

5. Member who wishes to purchase a house that has been acquired via hire purchase from a party authorized by the EPF.

6. Member has bought a land and built a house on the same piece of land concurrently (dates of the agreement to purchase the land and the agreement to construct the house must be within 6 months apart)

7. Withdrawal is not allowed for:

• -  Member is buying either a land or house lot only

• -  For renovation, repair or additional works to the existing house

• -  Acquisition of property is not done via sale and purchase transaction

• -  Member has taken an overdraft loan

• -  Member is purchasing a third house

• -  Member is buying a house abroad

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WITHDRAWAL AMOUNT ELIGIBILITY (WHICHEVER IS LOWER BUT NO LESS THAN RM500)

Individual Purchase

• The difference between construction cost and housing loan amount with an additional 10% of the purchase price, OR

• All savings in Account 2

 

Joint Purchase With Spouse Or Immediate Family Member Or Other Individual

• The difference between the purchase price and housing loan amount with an additional 10% of the purchase price OR

• All savings in respective buyers’ Account 2, subject to the maximum amount eligible for withdrawal

 

Full Housing Loan Approved

• 10% of the purchase price OR

• All savings in Account 2

 

Self-Financing

• The purchase price with an additional 10% of the purchase price OR

• All of member’s savings in Account 2

 

MODES OF PAYMENT

Payment in Malaysia

All withdrawal payments will be credited directly into member’s account subject to the following:

• -  Member has an active account with a panel bank appointed by the EPF; AND

• -  Member’s identification number matches with that of the bank’s record AND

• -  Payment is made in Ringgit Malaysia (RM)

• -  If the payment cannot be credited into member’s bank account, payment will be made via banker’s cheque

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Remittance of Payment to Foreign Countries

Payment is made via Foreign Bank Draft. The types of currencies accepted are as follows:

• - Foreign currency of member’s choice stated in the application form subject to the currency being available on EPF’s list for the purpose of payment via Foreign Bank Draft; OR

• - In US Dollar if the currency stated by the member on the withdrawal form is not available on EPF’s list for the purpose of payment via Foreign Bank Draft

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LIST OF REQUIREMENT DOCUMENTS

1. EPF Withdrawal Application Form 9C (AHL) (D5)
2. A copy of identification document (for non-My Card holders)
3. Member’s bank account information (Members are encouraged to bring their bank passbook OR a copy of their bank

statement when making an application)
4. EPF Form 3 (Revised) - If thumbprint verification (CIJ) at the counter failed / for submission by mail

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SUPPORTING DOCUMENTS

1. Please refer to the Document Checklist for Purchase a House Withdrawal at the EPF website or refer to any EPF branches for all the necessary documents

2. The EPF reserves the rights to request any additional documents if required and reject any incomplete applications which do not comply with the terms and conditions

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ATTENTION NOTICE FOR APPLICANT

Failure to Return the Unused Amount for Withdrawal Purpose

If the applicant does not utilize the withdrawal payment for the stated purpose, the applicant is deemed as having committed an offence and shall, upon conviction, be liable to imprisonment for a term not exceeding six months or a fine not exceeding RM2,000.00 or both [Section 58A, EPF Act 1991 (Amendment) 2007].

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Incorrect or False Declaration or Furnishing False Documents

If the applicant provides false statement or furnish the EPF with forged documents, the applicant is deemed as having committed an offence and shall, upon conviction, be liable to imprisonment for a term not exceeding three years or a fine not exceeding RM10,000.00 or both [Section 59, EPF Act 1991 (Amendment) 2007].

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Purchase Not For Residential Purposes

Housing Withdrawals are subject to the current terms and procedures. The EPF reserves the rights to reject a withdrawal application if transfer of ownership is made less than one (1) year or if the purchase contains any element of investment and not for residential purposes as provided for under EPF Act 1991.

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Should you have any enquiry or require additional information regarding this withdrawal, kindly contact:

•   Any EPF Office nearest to you;

•   The EPF Call Management Centre (CMC) at: 03-89226000

•   Customer Feedback: http://enquiry.kwsp.gov.my

  Please quote your EPF number or your Identification Card number and the type of withdrawal that you have applied for when you contact the EPF