I want to purchase a flat. Please guide me on whether I should withdraw my PF or take a loan against my PF amount. I have completed 5 years in the company. Also, I would like to know if we can get a PF loan because our flat is in the agriculture zone. If we are eligible for a PF loan, please tell me the PF loan procedure.
From India, Pune
Acknowledge(0)
Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
PF Loan Eligibility and Procedure
PF does not ask for urban, rural, or civic agro zones, but they allow up to 90% of account 1, i.e., EPF amount after completion of 5 years. Please note that the EPS account, i.e., account number 10, is not to be considered in loan eligibility. The subscriber can file Form 31 online and provide a scanned copy of a printed cheque book leaf; the loan will be sanctioned provided the KYC is updated in UAN.
Acknowledge(1)
Amend(0)
651PF does not ask for urban, rural, or civic agro zones, but they allow up to 90% of account 1, i.e., EPF amount after completion of 5 years. Please note that the EPS account, i.e., account number 10, is not to be considered in loan eligibility. The subscriber can file Form 31 online and provide a scanned copy of a printed cheque book leaf; the loan will be sanctioned provided the KYC is updated in UAN.
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.
Withdrawal of PF for housing loan 5.6.2012.pdf