How Do I Help My Employee Get a PF Loan After 5 Years of Service?

Procedure for Obtaining a PF Loan

One of my staff members wants to take a PF loan. As I understand, a person who has completed 5 years of experience can take a PF loan. However, I would like to know the procedure for obtaining a PF loan. Please help me.

Thanks & Regards,
Swetha

Please refer to the link provided below:

[EMPLOYEES' PROVIDENT FUND ORGANISATION, Regional Office, Chennai Region & Puducherry](http://www.epfochennai.tn.nic.in/advances_withdrawls.html)

Regards,
Madhan

There are different types of loans pertaining to different situations. For example, for marriage, one should have at least 7 years of service with 50% of the employee share. For education, the same service length applies with the same percentage. For treatment, it is for self and family with no minimum service requirement, amounting to 6 times the wages or the full employee share, and so on.

Depending on the criteria, the loan amount will vary.

Regards,
Hari

Please find the attached document containing the procedure for getting a PF Loan.

Regards,
Chikkegowda.N

If an employee avails a loan from EPFO, and his regular contributions and repayment in regular installments of the loan are continuing without any break, but unfortunately, he dies after paying 4 installments while simultaneously his PF contributions are being made, will his death benefits and pension be paid to their nominee? Will his loan be frozen, or will it be deducted from Pensionary Benefits?

Awaiting your reply.

Regards,
Prasad

Actually, that is not a loan. It's an advance withdrawal from his account. There is no need to repay it. He will avail of all necessary benefits if he dies during service according to EPF rules.

Regards,
Chikkegowda