Hi all,
I am working as a Contract Engineer in a Government of India Enterprise Company for the past 4 years. Every month, 12% of my salary has been deducted for PF, and the same amount has been contributed by the employer. Now, I am interested in taking a PF Loan from my PF amount.
What is the procedure and the rules for taking a PF Loan?
Regards,
VIKAS JAIN
From India, Indore
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1I am working as a Contract Engineer in a Government of India Enterprise Company for the past 4 years. Every month, 12% of my salary has been deducted for PF, and the same amount has been contributed by the employer. Now, I am interested in taking a PF Loan from my PF amount.
What is the procedure and the rules for taking a PF Loan?
Regards,
VIKAS JAIN
From India, Indore
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Hi,
Before five years, you are not eligible to get a loan from PF. Also, you can get a loan for a specific purpose, mainly for self-marriage, construction, or repair of a house, etc. The loan amount you will get is some % of your contribution. The company's contribution is not paid as a loan.
For details, you can ask in your company's HR dept or the nearest PF office.
Regards,
Harshad
From India, Mumbai
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Before five years, you are not eligible to get a loan from PF. Also, you can get a loan for a specific purpose, mainly for self-marriage, construction, or repair of a house, etc. The loan amount you will get is some % of your contribution. The company's contribution is not paid as a loan.
For details, you can ask in your company's HR dept or the nearest PF office.
Regards,
Harshad
From India, Mumbai
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I am working in an MNC. Am I eligible to take a loan for repairing my flat? My job is permanent. How much loan am I eligible for?
Secondly, one of my aunts is a government employee for the last 10 years. Is she eligible for a loan against PF? Please, it's urgent. Thank you.
From India, Calcutta
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Secondly, one of my aunts is a government employee for the last 10 years. Is she eligible for a loan against PF? Please, it's urgent. Thank you.
From India, Calcutta
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YOU WILL BE GETTING 80% OF LOAN ON YOUR BALANCE, i.e ON CLOSING BALANCE OF UR A/C SLIP -UPTO FEB-09. 80% LOAN IS ONLY SANCTIONED IF YOU APPLIES FOR RENOVATION, CONSTRUCTION & PURCHASE OF FLAT.
From India, Surat
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From India, Surat
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Dear Vikas Please find attechment for your ready reference
From India, Vadodara
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From India, Vadodara
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I am working as a Software Engineer in a private limited company for 10 years. Every month, 12% of my salary is deducted for PF, and the same amount is contributed by the employer. Now, I want to take a PF loan from my PF amount. Is it possible? If so, where can I apply?
From India, Hyderabad
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From India, Hyderabad
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Yes, you can get your PF amount, but there are some clauses. Please check the following link to know more about those: EPFO
From India, Hyderabad
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From India, Hyderabad
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Procedure for PF Loan.doc
Employees' PF Appellate Tribunal Procedure Rules 1997.pdf
Procedure of PF.xls