I wanted to make part payment of my existing home loan from PF account, what is procedure make the same??
Any one can help more
Any one can help more
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In case your membership is more than 10 years you can refund the existing pf loan from your pf accumulation. more
Mar 15
A clarification. On the employer contribution from 12% total , 3.67% goes to pension contribution and balance 8.33% alone is contributed to PF. more
Mar 15
HI, You have not given your data or particular. How long you are working and since when your pf deductions being made from your salary. According to the PF terms and conditions once in life time you can claim for your home loan and also you have to complete certain years to contribution in PF account. You have to apply in form 31 loan form with annexture sheet duly signed by your employer and submit it to the department with necessary support docus. for scrutiny and effect payment. In your case you said for repayment of loan. then you have to submit the following document. 1. Loan amount approved by the financial institution or approval letter. 2. Present loan pending details from the same institution. as on date information. 3. Name of the institution and its payment mode. filled in the form 4. property tax copy.5. agreement copy if any.6. account details of your financial inst. 7. Aadhaar card xerox. 8.property must be in your name or along with your spouse name. after submission it to the department dept will take 30 days to clear this amount. That too PF contribution your share of 12% plus 3.67% on employer share remaining 8.33%goes for pension fund. You cannot expect 50% of your loan transfer from PF any way you havework out and find out from the PF department. Thanks GK> more
Mar 14
