Jan 6, 2008

Withdrawal from EPF to pay housing loan

The guildline for withdrawal of fund from EPF account for payment of housing installment can be reached at the following link :-

http://www.kwsp.gov.my/index.php?ch=p2members&pg=bm_p2members_wdrawtype&ac=2184

If one is having a flexi home loan where extra payment can be made to reduce interest charges and if the interest of the loan is higher than the dividend paid by EPF, then it may be worth while to apply for the fund to be withdrawn for payment of installment and instead of just paying installment, pay double installment so that the interest on loan is reduced.

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