EPF Withdrawal

WITHDRAWAL TO PURCHASE A HOUSE

PURPOSE

This withdrawal allows you to withdraw your Account 2 savings to finance the purchase of a house. Withdrawal to purchase a second house is allowed after the first house is sold or disposal of ownership of property has taken place. Disposal of ownership refers to ‘loss of ownership of the first house owned through previous EPF withdrawal’ either due to auction, surrender of property by court order, transfer of ownership because of love and affection, destruction of house due to natural disaster, abandoned housing project or cancellation of purchase.
APPLICATION ELIGIBILITY
(i) A Malaysian Citizen; OR
(ii) A Malaysian Citizen who has made Leaving the Country Withdrawal before 1 August 1995 and has opted to re-contribute to the EPF; OR
(iii) A Non-Malaysian Citizen who:

  •      Has become an EPF member before 1 August 1998; OR
  •      Has obtained a Permanent Resident status (PR).
  •      You have not reached 55 years of age at the time the EPF receives your application; AND
  •      You have at least RM500.00 of savings in Account 2.

TERMS OF WITHDRAWAL

You are eligible to apply if:

1. You buy or build a residential house (type: bungalow / terrace / semi-detached / apartment / condominium / studio apartment / service apartment /townhouse / SOHO) or a shop lot with residential unit.

2. The purchase is financed through:
(i) Housing loan from any of the institutions as follows:

  • Financial Institutions licensed under the Banking and Financial Institutions Act 1989 (BAFIA)
  • Central / State government or any other government financial agencies
  • Member’s employers
  • Cooperatives / Cooperative Companies with license (approved by Malaysian Cooperative Commission, Ministry of Entrepreneur and Cooperative Development)
  • Licensed insurance companies approved by the Central Bank of Malaysia
  • Loan providers allowed by the EPF

OR

(ii) Cash purchase.
3. You have signed the Sale and Purchase agreement of not more than three (3) years at the time your application is received by EPF.
4. You have never made a Housing Withdrawal; OR you have made a withdrawal to purchase your first house and have sold the house or disposal of ownership has taken place and subsequently buy a second house. Proof of sale / disposal of ownership of the first house must be submitted.
5. You intend to buy a house which has been acquired from a rental with a view of purchase agreement from a party authorised by EPF.
6. You have bought a land and built a house on the same land simultaneously (dates of the agreement to purchase the land and the agreement to construct the house must be within 6 months).

You are not eligible to apply if you:

  1. Buy a land or a house lot only
  2. Renovate, repair or do additional work to the existing house
  3. Ownership of property is not via sale and purchase transaction
  4. Have taken an overdraft loan
  5. Buy a third house
  6. Buy a house abroad

WITHDRAWAL AMOUNT ELIGIBLITY

You can withdraw your savings as follows:

HOUSE PURCHASE OWNED BY INDIVIDUAL JOINT PURCHASE WITH SPOUSE OR IMMEDIATE FAMILY 
MEMBER OR OTHER INDIVIDUAL
The difference between the house price with the loan amount and an
additional 10% of the house price
OR
All your savings in Account 2.
(Whichever is lower but not less than RM500.00)
The difference between the house price with the loan amount and an additional 10% of the house price
OR
All the savings in each purchaser’s Account 2 subject to the maximum
amount eligible for withdrawal.
(Whichever is lower but not less than RM500.00)
100% HOUSING LOAN  PURCHASE WITHOUT LOAN / CASH PURCHASE
10% of the house price
OR
All your savings in Account 2.
(Whichever is lower but not less than RM500.00)
House price with an additional 10% of the house price
OR
All your savings in Account 2.
(Whichever is lower but not less than RM500.00)


You may choose to decide on the amount to withdraw from your Account 2, subject to the maximum amount eligible by filling in the desired amount in the Housing Withdrawal Form (KWSP 9C) (AHL).

You may have made a housing withdrawal previously but have cancelled the purchase of the house. In this situation, the withdrawal amount need not be returned. The current eligible amount will be deducted from the amount previously withdrawn subject to the eligible balance (if any).
LIST OF REQUIRED DOCUMENTS
MAIN DOCUMENTS
1. KWSP 9C (AHL) Withdrawal Form.

2. Personal Identification Card
a. MyKad / Military Identification Card / Permanent Resident Identification Card (MyPR)

OR
b. Police Identification Card AND Verification Letter from Employer stating that the Police number and Identification Card number refer to the same person (If member does not own MyKad/Police Identification Card without identification card number)

OR
c. Passport. If the member is not a Malaysian citizen and has become an EPF member before 1 August 1998.
Note:Copy of identification card is not necessary if the member is a MyKad holder and Thumbprint Identification against the EPF Database or MyKad Reader is successful.Members who do not possess MyKad and/or application via mail/ via representative are still required to submit a copy of the identification document respectively.
3. Payment Via Direct Crediting to Member’s Bank Account

  • Bank Passbook / Savings Account Statement OR Current Account Statement OR Verification Letter of Account Holder’s Details from Bank

OR

  • Account Holder’s Details Printed via Website OR Bank Account Holder’s Card

Note: Owns an account with the panel bank appointed by EPF The bank account must still be active (The original document is not required if members are able to provide accurate information of the bank account without having to refer to the original document. The accuracy of the information is important to avoid failure of direct credit to members’ accounts)
4. Payment Via Mail
Application for Member’s Registration and Amendments of Member’s Particulars (KWSP 3).

All application shall be attached with supporting document.

 

ATTENTION AND NOTICE TO APPLICANT

Failure to Return the Unused Amount for Withdrawal Purpose
If the applicant does not use the withdrawal payment for the purpose of the withdrawal is made, the applicant is considered as has committed an
offence and shall, on conviction, be liable to imprisonment for a term not exceeding six months or to a fine not exceeding RM2,000.00 or to both
[Section 58A, EPF Act 1991 (Amendment) 2007].
Incorrect or False Declaration or Furnishing False Documents
If the applicant provides incorrect or false declaration or furnishes false documents, the applicant is considered as has committed an offence and
shall, on conviction, be liable to imprisonment for a term not exceeding three years or to a fine not exceeding RM10,000.00 or to both [Section 59,
EPF Act 1991 (Amendment) 2007].
MODES OF PAYMENT

(i)   Payment in Malaysia

  • All withdrawal payments will be credited directly into your account subject to the following:

a. You have an account with a panel bank appointed by EPF; AND
b. Your account is still active; AND
c. Your identification number matches with the bank’s record; AND
d. Payment is made in Ringgit Malaysia (RM).

  • However, if the payment cannot be credited into member’s bank account due to causes such as bank account is not active or your identification number does not match with the bank’s record, payment will be made via banker’s cheque.

(ii) Remittance of Payment to Foreign Countries

Payment is made via Foreign Bank Draft. Types of currencies are as follows:

  • Foreign currency as per member’s choice stated in the application form subject to the currency is available in EPF’s list for the purpose of payment via Foreign Bank Draft; OR
  • In US Dollar if the currency stated by the member in the withdrawal form is not available in EPF’s list for the purpose of payment via Foreign Bank Draft

Note:
EPF will make a verification with the member again if the type of currency chosen in the application form is not available in the allowed list or
before changing the type of currency to US Dollar.
MODES OF SUBMISSION

Submission can be made at any EPF branch either at the counter OR via mail.
SUBMISSION AT THE COUNTER
Please bring along ALL original documents for verification purposes by the EPF Officer.
However, if the photocopied documents have been verified, please ensure the photocopies have been verified by the authorised officer by EPF,
complete with signature, name, designation and official stamp.

SUBMISSION BY MAIL
Please ensure that ALL documents have been verified by an officer authorised by EPF, complete with signature, name, designation and an official
stamp.
All applications by mail must be addressed to:
THE EMPLOYEES PROVIDENT FUND
Locked Bag No. 220
Jalan Sultan
46720 Petaling Jaya
SELANGOR
ENQUIRY
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: 03-8922 6000
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.