Housing Loan Instalment Withdrawal - KWSP Malaysia

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Housing Loan Instalment Withdrawal

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Member
Home Ownership
Housing Loan Monthly Instalment Withdrawal

Housing Loan Monthly Instalment Withdrawal

Ease Your Home Loan Repayments

Paying the monthly instalments for a housing loan is no easy feat, especially for those of us with growing commitments. In an effort to ease the burden of homeowners, the EPF has introduced the Housing Loan Monthly Instalment Withdrawal. This allows you to make a withdrawal from your Akaun Sejahtera to cover your monthly housing loan instalments for a minimum period of six months or until your financial recovery, providing support when you find yourself in a tight spot financially.

Who Can Apply

Requirements

Malaysians & non-Malaysians

(With PR status or registered as EPF Member before 1 Aug 1998)

Below 55 years of age upon application

Minimum balance of RM600 in Akaun Sejahtera

Bought/built a residential house*

You have an outstanding housing loan monthly instalment with an EPF approved loan providers recognised by the EPF**

Started paying monthly loan instalments

*Residential House - bungalow/ terrace/ semi-detached/ apartment/ condominium/ studio apartment/ service apartment / townhouse/ Small Office Home Office (SOHO) or a shop lot with a residential unit from a developer in Malaysia.
**Certified financial institutions under the Financial Services Act 2013 or Islamic Financing 2013; Central/ State Government or any other government financing institutions; member's employer; Licensed Corporation/Cooperative bodies (approved by SKM); Insurance Companies licensed by Bank Negara; or other EPF recognised loan providers.
EPF members who purchase residential house type Small Office Home Office (SOHO) are required to apply manually at the EPF counter.

What You Can Withdraw

Individual Withdrawal	Joint Withdrawal
Total housing loan balance OR Entire savings in Akaun Sejahtera	Total housing loan balance OR Applicant’s entire savings in Akaun Sejahtera

View

Whichever is lower but subject to a minimum monthly payment of RM100 for a period of six months*
*The maximum monthly payment amount to you and the joint applicant (if any) should not exceed the total monthly loan instalment.

What You Should Know

Withdrawal is limited to one household per member. Any subsequent withdrawals are permissible solely for the same household.
In the case of re-financing, the loan balance accounted for is based on the original housing loan payment from the first loan financier OR the latest loan balance, whichever is lower. If several financiers are involved, the loan redemption letter will be compared against the latest balance to determine the eligible withdrawal amount.
You can make a withdrawal to reduce/settle your housing loan balance AND to pay your monthly housing loan instalment simultaneously.
For subsequent withdrawals, you can apply as early as 30-days before your final monthly instalment payment.
You can apply for withdrawals within 30 days prior to the installment date. However, disbursement of withdrawal payments will commence only after the actual installment date.
The withdrawal amount will the taken from Akaun Sejahtera and will be placed into a Special Account for your monthly loan instalment payment and its dividend will be credited into your Akaun Sejahtera after the yearly dividend declaration.
Monthly instalment payments should not exceed 55 years of age.
EPF reserves the right to cancel your monthly payment withdrawal if your loan has been fully settled, your house has been sold/auctioned/it’s ownership transferred to another party or if you have been found guilty of fraud by submitting false documents/information.
Those with NPL status can apply for withdrawal, the payment will be paid straight into the housing loan account.

What You Need

Documents

Form KWSP 9P (AHL) (Non-MyKad holders only)
Copy of identification documents with original for verification (Non-MyKad holders only).
Passbook or copy of your bank account statement
Form KWSP 3 (Pindaan) - For mail submissions/failed thumbprint verification.
Housing loan balance statement as per EPF format OR Balance statements from LPPSA (Valid for 1 month [LPPSA 3 month] from date of issuance)*
Sale and Purchase Agreement/ Proof of Housing Loan Monthly Instalment/ Surrender of Ownership (Housing Loan Monthly Instalment Form & Title Deed/ Deed of Assignment) – if the information in your Housing Loan Balance Statement is incomplete.

*Applies to first and subsequent withdrawals, with or without re-financing. In the case of multiple re-financing, you are required to produce all Loan Approval and Debt Redemption letters from the previous financier.

###### e-Withdrawal Straregic Partner

###### Withdraw Via KWSP i-Akaun

###### Apply For Manual Withdrawal

Cancellation

Monthly Instalment Cancellation Accordion

Withdrawal Cancellation

You just need to fill out the WDW004 Withdrawal Cancellation Application form. After cancellation, you can submit a new application to rearrange the amount or duration of monthly payments according to the balance in Account 2, not exceeding the existing loan balance. Cancellation can also be made through e-cancellation (i-Account Member).

Download Withdrawal Cancellation Form

Additional Information

Monthly Installment Withdrawal Additional Info Accordion

Payment Method

Direct Credit

Monthly payment in Ringgit Malaysia (RM) will be credited to your savings/current account
If you hold an active account with our panel bank and your identification number matches the bank records
You will be issued a Bankers Cheque If payment to your account is unsuccessful

Bankers Cheque

Monthly payment will be made via Bankers Cheque to the financial provider’s address as stated in your Housing Loan Balance Statement
If your loan is a non-performing loan (NPL)

Important Reminder

Certify your documents
Ensure ALL copies of documents have been certified and acknowledged by the authorised persons.
(complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer)

Authorised Persons
Double check your panel banks
Refer to the list of EPF panel banks for direct crediting of payment into member’s account.

EPF Panel Banks
Submit to EPF
Send your completed submissions at your nearest EPF Counter or mail it to the EPF.

Find EPF Near You

Post to EPF:

JABATAN PENGURUSAN TRANSAKSI
Menara KWSP
No.1 Persiaran Kwasa Utama,
Kwasa Damansara, Seksyen U4,
40150 Shah Alam,
Selangor.
Need more information?
Refer to our product brochure for additional information.

Download Monthly Installment Brochure
Reminder
To all members who have active Housing Loan Monthly Instalments Withdrawals
If your withdrawal is still active, please refer to the link below.

Download Reminder

Frequently Asked Questions View

Frequently Asked Question

Housing Withdrawal FAQ Accordion

Why is thumbprint authentication necessary?

The purpose of thumbprint authentication is to verify the identity of the applicant for the withdrawal made online.

What happens if a member does not provide thumbprint verification?

Withdrawal application will be rejected if thumbprint verification (CIJ) is not completed at any EPF offices within fourteen (14) working days.

Does the member need to produce any document for thumbprint verification at the EPF counter?

Original identification card (MyKad/MyPR/Police ID/Military ID) for member‘s identity verification.
Supporting documents – Members will be notified in KWSP i-Akaun (inbox) if there is any additional documents required.

How can members check their application status and payment?

By using KWSP i-Akaun app or web portal
By visiting any nearby EPF offices

Where can members perform the thumbprint verification and submit the supporting documents?

Members can verify their thumbprint and submit the supporting documents at any EPF office.
Members can visit the nearest Self-Service Terminal (SST) for applications that only require thumbprint verification, without the need for supporting documents.

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