If you also want to repay home loan, you can withdraw money from EPF like this

EPF Withdrawal : You can withdraw money from the Employee Provident Fund (EPF) account as per your requirement as per the rules of the EPF scheme. When you reach the age of 55, you can withdraw from your EPF account to prepare for retirement. Before retiring, you can also withdraw money from your EPF account for various purposes. These include financial emergencies, purchase and construction of a home, payment of expenses for child’s marriage and education, etc. EPF members can request to withdraw up to 90% of the deposit amount in their PF account to meet the housing cost.

For what purposes are EPF members eligible to take the advance?

• home building
• buying a house / building a house
• home renovation
• home loan repayment

keep these things in mind

Withdrawal limit varies with each withdrawal. The maximum withdrawal varies on the basis of withdrawal. No documents are required for Home Loan / Purchase or construction of Site / House / Flat / Addition to existing house / Repayment of Home Loan. Only fresh declaration form/utility certificate is required.

How to withdraw from EPF for home loan repayment?

1. Login to EPFO ​​e-Service Portal.
2. Enter your UAN, password and captcha code to login
3. Go to the “Online Service” field.
4. Click on Claim Form 31 from the dropdown.
5. Enter your bank information and click Verify.
6. Please refer to the terms and conditions once you read them.
7. Proceed to claim online, choose claim settlement.
8. Select the purpose of Advance.
9. Enter details like required amount and address.
10. Upload documents if required.
11. Your application will be submitted.

purpose of withdrawal

1. Purchase of house/flat/construction of house including acquisition of site.
2. Purchase of site/purchase of house/flat for construction of residential house
3. Purchase of Home House/Flat on Ownership
4. Construction of house on a site jointly owned by the member/spouse/member and spouse
5. For addition/alteration/improvement in the house jointly owned by the member/spouse/husband/wife

what are the terms

1. Universal Account Number (UAN) should be active.
2. Aadhaar number should be linked and verified with UAN.
3. Bank account with correct IFSC should be linked with UAN.
4. EPF account should be KYC-compliant.
5. Mobile number linked with Aadhaar should be active.
6. In case of retirement, the correct date of birth should be updated in the EPFO ​​records.