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epf housing loan

Are you searching epf housing loan process details ? visit us.<br>www.qvcrealty.com/blog/2019/02/16/buying-your-dream-home/

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epf housing loan

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  1. QVC Realty Co  QVC REALTY CO, BUILDERS IN BANGALORE, BUILDERS IN GURGAON, QVC REALTY PROJECTS REAL ESTATE Buying your dream home? Employee Provident Fund to the rescue BUYING YOUR DREAM HOME EPF HOUSING LOAN EPF HOUSING SCHEME LOAN AGAINST EMPLOYEE PROVIDENT FUND PF HOME LOAN RULES Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  2. qvcblog February 16, 2019 No Comments    If buying a house is a once in a lifetime goal for you, then there are more ways than one of making this happen. One simple way has presented itself, thanks to changes in government policies regarding Employee Provident Fund. If you are a part of the active workforce (government, public or private) and have been enrolled by your employer into the EPF scheme, you can use those funds to fuel your home project. The norms for consideration into EPF usage are: Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  3. 1. Minimum of 3 years of enrollment into EPF 2. At least Rs. 20,000 in the EPF account (for the withdraw+spouse) 3. The funds can be withdrawn to purchase a plot of land, built property, or for the purpose of construction. It can also be used for additions and improvements to an existing house that has been in ownership of applicant for at least 5 years. The land ownership can be in the name of the employee or jointly owned by employee and their spouse Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  4. This option is given to employees as a once-in-a-lifetime option. Under this scheme, upto 90% of EPF can be withdrawn to be used as payment for property purchase. To clarify, this 90% includes employer and employee contributions to EPF and includes interest accumulated. If keen to take this on, the process is * Only the accumulated amount at the time of making the request for funds is given. This does not apply to future earnings * The payment is made directly from EPFO to the bank/ lending institution/ housing society directly * The housing society the buyer wants to be a part of should have at least 10 registered members * Application is through a form available in the EPFO website Since EPF aims to put money into your hands at the time of retirement, this is money to be used carefully, and it is recommended that you exercise utmost caution when pulling these funds out, even for the cause of future housing. Leave a Reply Your email address will not be published. Required fields are marked * Comment Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  5. Name * Email * Website POST COMMENT Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  6. Next Property Transfer 101 FIND US FIND US Address Address QVC Realty Co. Limited 619, Aceron Tervezo, First Floor, 6th B Main, 17th A Cross, Indiranagar 2nd Stage, Bengaluru 560 038, India Search …  RECENT POSTS RECENT POSTS Plots in Dwarka Expressway  Calculating income from house property  Changing name in Property Tax record & Mutation of Property  Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  7. Property Transfer 101  Buying your dream home? Employee Provident Fund to the rescue  HOME ABOUT CONTACT QVC Realty Co | Designed by: | © Copyright All right reserved       Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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