kwsp withdrawal for house installment
Alot take out from Acc2 to pay house installment. EPF to pay for my.
How To Use Epf Account 2 Money To Buy A House Iproperty Com My
No need to wait for special withdrawal.
. If i forked out 200 with a salary of 1500 thats a large dent. For example I needed an android TV dongle in this case I bought the ONN 4K for my rented house TV coz my previous one broke. Cempedaklife liked this post.
In an effort to ease the burden of homeowners the EPF introduced the Housing Loan Monthly Instalment Withdrawal. Since you own a house you could withdraw your EPF through monthly installment or reducing balance option. You must be one sour grape no more money inside epf to withdraw ker haha.
U can withdraw for house dp education medical etc. I live in an apartment and own a car No debt or liquid cashI have fixed deposit of RM730000 and EPF of RM440000I am not good at investing and faced lossesI will retire next year and I will spend about RM2900 a month after retirement After retirement I do not plan to use the principal but plan to use the interest of FD. I am 54 years old.
Your desire for epf withdrawal kwsp 20 speak for itself haha. The best part is you can choose for the money to go direct into your bank account instead of go direct to the housing loan account. Just an agenda to prevent kwsp 20 withdrawal.
So that when you find yourself in a tight spot financially you can make a withdrawal from your Account 2 to help cover your monthly housing loan instalment for a minimum period of six months or until your financial recovery. But 200 split over months with an additional interest of RM5 thats definitely a safer way to better cash flow for more essential stuff.
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