Pay down payment using KWSP (EPF) Account 2
Who can apply
Requirements:
- Malaysians & Non-Malaysians
- Below 55 years of age
- At least RM500 in Account 2
- Purchasing residential home*
- Approved loan from recognised lenders
- Never made a housing withdrawal or have housing withdrawal before but have sold the property
*Residential Home – bungalow/terrace/semi-detached/apartment/condominium/studio apartment/service apartment /townhouse/SOHO) or a shop lot with a residential unit from a developer in Malaysia
What you can withdraw
- Difference between purchase price and approved loan amount + 10% of the purchase price
- OR Entire savings in Account 2 (whichever is lower)
Additional documents required for 1st or 2nd home
- Proof of Purchase
- Sales and Purchase Agreement (not more than 3 years from the date of application)
- Proof of Financing
- Housing Loan Approval Letter
- OR Housing Loan Approval Letter AND Housing Loan Agreement/Mortgage Form 16A/Deed of Assignment/Title Deed that is in member/spouse’s name, If loan approval is more than one year
