Close that Deal

TO PURCHASE OR BUILD A HOUSE WITHDRAWAL SCHEME

This scheme allows members to withdraw from their account II to purchase or build a house or shophouse with dwelling unit.

Amount eligible to withdraw

Members can withdraw their savings under this scheme as below, which ever is lower:

the difference between the price of the house and the housing loan with an additional 10% of the price of the house, or
the balance amount in account II.

Example:

Price of the House	RM 75,000.00
Housing Loan	RM 60,000.00
Difference Between The Price of the House and Housing Loan	RM 15,000.00
Additional 10% of the Price of the house	RM 7,500.00
Amount Eligible for Withdraw	RM 22,500.00
Balance in Account II	RM 18,000.00
Amount Can Be Withdrawn	RM 18,000.00

For this case, the member can only withdraw RM18,000.00, which is the balance in Account II. How to apply Members are required to submit KWSP 9C (AHL) form together with the necessary supporting documents.

Members are also allowed to apply under the Reducing or Redeeming Housing Loan Withdrawal Scheme for the same house every three years.

Kumpluan Wang Simpanan Pekerja

(Employees Provident Fund)

Bangunan KWSP

Jalan Raja Laut

50350 Kuala Lumpur

Email: enquiry@epf.gov.my

Website: http://www.kwsp.gov.my