Hi All,
Recently i read in a website that we can take a loan from to the tune of 36 times our monthly salary for home buying purpose.
My profile is -
I worked with a MNC for 8 yrs & then changed to another MNC where i transferred my PF. I have been with the new company for about 3 months now.
I am planning to buy an apartment & exploring different loan options.
My question is - Is there such a scheme. Would I be able to withdraw upto 36 times of my monthly salary now. If, so how does it work?
Would I have to pay EMI or would they just deduct that amount when I retire ? Any help in this matter would be greatly appreciated.
Link to where i read this ? BankBazaar | When and how can you withdraw from your EPF?!
Thanks,
Gary
Recently i read in a website that we can take a loan from to the tune of 36 times our monthly salary for home buying purpose.
My profile is -
I worked with a MNC for 8 yrs & then changed to another MNC where i transferred my PF. I have been with the new company for about 3 months now.
I am planning to buy an apartment & exploring different loan options.
My question is - Is there such a scheme. Would I be able to withdraw upto 36 times of my monthly salary now. If, so how does it work?
Would I have to pay EMI or would they just deduct that amount when I retire ? Any help in this matter would be greatly appreciated.
Link to where i read this ? BankBazaar | When and how can you withdraw from your EPF?!
Thanks,
Gary