Sir, I am a PF account holder from 2005 to the present. From 2005 to 2007, I transferred the old PF amount to the new PF account. In my PF account, I have 2 lacs. As per EPF Law, Para 68-B, I am eligible for 24 months' wages (Basic & DA) or the member's own share of contribution plus the company's share of contribution with interest thereon. My 24 months of Basic + DA comes to around 7 lacs.
Question:
1. Could you please tell me how much advance I can get from PF?
2. How do I get the loan?
3. Also, guide me about the repayment of the loan.
4. What is the timeline for getting the loan?
From India, Bangalore
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Question:
1. Could you please tell me how much advance I can get from PF?
2. How do I get the loan?
3. Also, guide me about the repayment of the loan.
4. What is the timeline for getting the loan?
From India, Bangalore
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Firstly, I want to tell you that to take a loan from PF, you must complete 7 years of continuous service; only then are you eligible. To get a loan, fill out Form-31. There is no provision for loan repayment in PF. What is the purpose of taking an advance from PF?
From India, Kanpur
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2From India, Kanpur
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Procedure for PF Loan.doc
Withdrawal of PF for housing loan 5.6.2012.pdf