vicky.rohilya Started The Discussion:
Hi all,

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.

Regards

(VIKAS JAIN)


[/b]
Member Opinions In This Discussion
Vicnagda
India, Mumbai
Human Resource Professional
Htdesai
India, Mumbai
Sr.exe-hr
Jayesh1
India, Vadodara
Hr & Payroll
Tch.joshi
India, Surat
Provident Fund
Vicky.rohilya
India, Indore
Hrms Functional Consultant
+3 Others

Hi,

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.

Regards,

Harshad
i am working in an mnc...am i eligible to take loan fr repairing my flat?my job is permanent.how much loan i am eligible?
2ndly one of my aunt is government employee fr last 10 yrs, is she eligible fr loan against pf?pl. say its urgent..thank u..
YOU WILL BE GETTING 80% OF LOAN ON YOUR BALANCE, i.e ON CLOSING BALANCE OF UR A/C SLIP -UPTO FEB-09. 80% LOAN IS ONLY SANCTIONED IF YOU APPLIES FOR RENOVATION, CONSTRUCTION & PURCHASE OF FLAT.
Dear Vikas Please find attechment for your ready reference
Attached FilesProvided by community member jayesh1. Register to join your network of peers.
File Type: zip PF BENIFITS.zip (8.1 KB, 2390 views)
pvp 
I am working as Software Engineer in pvt limited Compnay since 10 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. is it possible? if it is possible where i will apply.
Yes you can get your PF Amount but there are some clauses. Please check the following link to know more about those.. (EPFO) at http://www.epfindia.nic.in/members_benefit.htm#top
My PF Consultant says that there is a court ruling putting a Stay on the clause of Advance for purpose of Alteration of Home. Can someone please confirm the above ..



 
 
 
 





Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network