EPF Withdrawal to buy property info

Withdraw EPF to purchase the house
This scheme allows members to withdraw from their account II to purchase or build a house or shop house with dwelling unit as follows :-
• Individual purchase ; or
• Joint purchase with spouse, family members or other individuals.
This withdrawal also allows you to purchase a house from the developer, an individual or public auction.

Eligible to withdraw
You are eligible to apply if :-
You are a :
• Malaysian citizen ;
• Non-Malaysian citizen with Malaysian Permanent Resident (PR) status ;
• Malaysian citizen who has withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 and subsequently made an election to re-contribute to EPF ; or
• Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.
• You have not reached 55 years of age on the date the application is received by EPF.
• You still have savings in Account II.

Terms & Condition
Member may apply under this scheme if:
• there is an outstanding balance of loan for purchasing a house or shop house with dwelling unit;
• members who have refinanced their said house are subjected to withdraw the amount of the original housing loan; and
• member has not attained the age of 55 from the date of application received by the EPF
Members do not qualifies under this scheme if:
• the purpose of withdrawal is for renovation, repair or other extension of the existing house.
• member mortgage the house to acquire finance for the purpose of other than to purchase or build a house.

Amount eligible for withdrawal Members can withdraw their savings under this scheme as below or which ever is lower:
Amount eligible to withdraw
1. You can withdraw your savings based on the following, whichever is lower :
i. Individual Purchase
- The difference between the price of the house and the housing loan with an additional 10% of the price of the house ; or
- The balance available in Account II.
ii. Joint Withdrawal With Spouse, Family Members or Other Individuals
- The difference between the price of the house and the housing loan with an additional 10% of the price of the house, ; or
- The balance available in Account II of all applicants subject to the maximum eligible amount as stated above.
2. If you obtained a full housing loan (100%), you are eligible to withdraw as much as 10% of the price of the house OR the balance available in Account II, whichever is lower.
3. If you purchased a house by cash, you are eligible to withdraw as much as the price of the house with an additional 10% of the price of the house OR the balance available in Account II, whichever is lower.

You can choose to determine the amount you wish to withdraw from your savings in Account II, subject to the maximum amount eligible for withdrawal. You will be required to complete “Surat Akujanji Pilihan Amaun Pengeluaran” for this purpose.

Example:
Price of the House: RM 75,000.00
Housing Loan: RM 60,000.00
Difference Between The Price of the House and Housing Loan: RM 15,000.00
Additional 10% of the Price of the house: RM 7,500.00
Amount Eligible for Withdraw: RM 22,500.00
Balance in Account II: RM 18,000.00
Amount Can Be Withdrawn: RM 18,000.00

For this case, the member can only withdraw RM18,000.00, which is the balance in Account II. How to apply Members are required to submit KWSP 9C (AHL) form together with the necessary supporting documents. Members are also allowed to apply under the Reducing or Redeeming Housing Loan Withdrawal Scheme for the same house every 3 years.

How To Apply
You are required to complete Form KWSP 9C (AHL) and to submit this form together with the original and photocopy of the following documents, whichever is applicable :

A. PURCHASE FROM DEVELOPER OR PUBLIC AUCTION
i. Your Personal I/C, Savings Account Passbook/ Statement or Personal Current Account Statement which is still active ;
ii. Sales and Purchase Agreement (purchase from developer) or Proclamation of Sale (purchase from public auction) containing your name or the names of all applicants for joint purchase and that is executed not more than 3 years on the date the application is received by EPF ; and
iii. If you have obtained a housing loan, the following documents are required :-
• Housing Loan Approval Letter (if the loan approval is less than one year) ; or
• Housing Loan Approval Letter and Housing Loan Agreement / Mortgage Form 16A (if the loan approval has been more than one year).

B. PURCHASE A SECOND HOUSE
The following documents as the proof of sale of the 1st house :
• Transfer of ownership document Form KTN 14A duly completed by the Land Office ;
• Deed of Assignment between you and the purchaser ;
• Deed of Title in the name of the purchaser AND Sales and Purchase Agreement between you and the purchaser ;
• Real Property Gains Tax Form (CKHT 5) AND Sales and Purchase Agreement between you and the purchaser ;
• Public Auction Form (KTN 16F or KTN 16I) AND confirmation from the bank ;
• Transfer of property ownership through a Court Order to any party AND Divorce Papers (for divorced cases) ; or
• Official Search from the Land Office showing your name and the new owner AND Sales and Purchase Agreement between you and the purchaser.

Any Enquiry
If you have any enquiry or require further information on this withdrawal, please contact the EPF office:

EPF office in Penang

Menara KWSP,
No.38, Tingkat 3 & 4, Jalan Sultan Ahmad Shah,
10050 Pulau Pinang
http://www.kwsp.gov.my/

Please quote your EPF membership 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.