Curious About EPF Home Loans? Let's Discuss Eligibility, Interest Rates, and More

Inquiry About EPF Home Loan

I am Payal Singh, working as an HR executive in TRDP Happy World Pvt. Ltd. in Sonepat, Haryana. I would like to ask about the home loan provided by EPF. What is the eligibility for taking a home loan, such as the time period in EPF required for taking a home loan from EPF? What is the rate of interest EPF charges? What is the limit of the home loan a person can take according to his salary? For how long can the loan period be extended? Kindly inform me of the set rules of EPF for providing home loans to employees.

Regards,
Payal Singh

EPFO Home Loan Information

EPFO is not offering any home loan. You can apply for a "PF Advance" for the refund of the outstanding principal and interest of a home loan. The eligibility criteria are that you should have completed 10 years of EPF Service.

You can avail of 36 months' basic (including DA) salary or all PF money (including employee share, employer share, and interest) or the total outstanding loan amount, whichever is least. The payment will be made directly to the agency. Note: Your EPS money will continue.

Please contact your local PF Office for further details.