EPF withdrawal to purchase a house

By Ally Che

Hi, my name is Ally Che, a professional property negotiator, and I have years of experience in property investment. With courtesy of Apartment Penang, I would like to share some of my experience/ opinions/ ideas with everyone here.

Many of my customers are unclear with the process of the EPF savings withdrawal to purchase houses, so I would like to share this process with the readers here.

EPF Withdrawal to Purchase a House allows us to utilize our savings from EPF Account 2 to partially finance our purchase of a house individually OR jointly with our spouse or close family members namely parents or siblings.

1) Maximum amount that we can withdraw is as follows:
The difference between the house price and the loan amount + an additional 10% of the house price or all our savings in Account 2 (whichever is lower but not less than RM500)

2) Download and fill in Form KWSP 9C (member) using black ink pen from below link.

3) Bring along below original documents and their photocopies (all in A4 sized paper) to nearest EPF office (Georgetown, Bayan Baru or Seberang Jaya) for verification purposes by the EPF Officer.
- MyKad
- Bank Book or Saving Account Statement or Current Account Statement
- Stamped S&P
- Housing Loan Offer Letter
- Proof of Relationship (marriage certificate, birth certificate) for joint purchase with our spouse or close family members namely parents or siblings

4) Normally EPF officer will inform that we would get the money within 21 days but for my case I received the cash in 1 week after submit the application.

Very simple process, isn’t it?

In my next article I would like to share some of the tips/things to take note when searching good buy in property auction. See you. Thanks.

Best Regards,

Ally Che


May 15, 2010 at 7:39 PMProperty

Hi Ally,
Thanks for sharing but it will be great if you could also highlight clearly that EPF withdrawal is ONLY for property which carry with residential title and NOT commercial title.
I point this out as Penang start to have a lot of condo with commercial title (eg Elite) and a lot of us are not aware of this clause.


May 15, 2010 at 9:24 PMAlly Che

I have personally check with EPF office previously, EPF withdrawal to purchase a service apartment (that is apartment with commercial title)or a shop lot with residential unit or a small office home office (SOHO) unit is allowed.

However I would suggest you to confirm with EPF personally any inquiry you have. Nowadays government agency is very effective and friendly :)

Best Regards,

Ally Che

May 16, 2010 at 10:49 AMProperty

Thanks Ally,

It seem to be several versions of what we have. In fact, the confirmation about this is from Elit where the sales person confirmed that purchaser is not able to withdraw his/her EPF for this property. I have also confirmed with my lawyer and according to her, as long as the SnP state that this is 'commercial title', then you will not able to withdraw from EPF.

Perhap like you said, visit EPF office personally would be the good idea.

May 17, 2010 at 2:45 PMEpisteemee

Hi Ally, thanks for sharing the process of EPF withdrawal for purchase of property. On the sale of the property, would that be any form we need to fill in as well? As I understand the ePF withdrawl would go back into Account 2. Please correct if wrong. Thanks!

May 18, 2010 at 12:27 AMJO

For sub-sale house, additional documents are needed, which are "Form KTN 14A" and "Receipt penyerahan" which your S&P lawyer will prepare for you. These 2 documents are usually take some time, much depending on how fast the lawyer, the vendor, and the government officer work.

May 18, 2010 at 1:04 AMAlly Che

It is good we could share what we know (of course the article could not cover all aspects :) ).
Please download the form from link stated in the article, it will explain the documents we need in every scenario. As long as we have complete documentation, the withdrawal process is fast and smooth.

Best Regards,

Ally Che

May 19, 2010 at 10:05 PMstefan8

Hi Ally,
(1) Can you pls provide the EPF website for housing loan withdrawal, and EPF housing loan withdrawal enquiries phone number.
(2) Can also pls provide a numerical example of item#1 in your article.
Thank you, Stefan