Dear Umesh, Without closing the PF account, you can apply for a loan from the PF Authority. The criteria for the PF Loan are as follows:
Eligibility:
Minimum of 5 years for taking a housing loan or 7 years for taking a marriage or education loan.
Procedure:
1. For a marriage loan, you should enclose the wedding card along with Form-31, a cancelled cheque with IFSC Code (eligible service is 7 years).
2. For a housing loan, you should enclose documents of the property (seller) along with the original sale agreement on a ₹100 Non-Judicial stamp paper, EC for 18 years, and a cancelled cheque with IFSC Code to Form-31 (eligibility service is 5 years).
3. For an educational loan, you should enclose estimation fee particulars for each year from the College/University/educational Institution to Form-31 (eligible service is 7 years).
Regards,
Mohan