I am working as Contract Engineer in Govt. of India Enterprise Compnay since 4 Years. Every month 12% PF has been deducted from my salary and same amount has been contributed by employer. Now I want to take PF Loan from my PF Amount.
What is the procedure and rules for taking PF Loan.
Before five years you are not eligible to get a loan from PF. Also you get loan for specific purpose, mainly for self marriage or construction or repair of house etc. The loan amount you will ge is some % of your contribution. Companies contribution is not paid as loan.
For details ou can ask in your company's HR dept or nearest PF office.
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