How to apply for PF withdrawal for home loan?

In India, taking out PF online to pay back a home loan is a quick and easy procedure. Coming back to your query, how to withdraw PF online for home loan repayment? So, as far as I know, you can withdraw your PF by logging into the official EPFO website. Before going through the detailed process, you must check the following details:

• You must have completed at least 5 years of service. You can withdraw up to 90% of the PF balance (employee's and employer's contributions combined).

• The property must be registered in your name, your spouse's name, or both jointly. The purpose of withdrawal must be to buy or constructing a house or repaying a home loan.

• The home should not already be mortgaged under any other scheme unless for loan repayment.

• Form 31, property-related documents like sale agreement, allotment letter, or home loan sanction letter, bank account details and UAN should be Aadhaar and bank-account linked for online applications.

Here is a step-by-step guide on how to apply for PF withdrawal for home loan:

• As Parvinder mentioned, visit the

  EPFO website

  and log in using your UAN and password. Ensure your Aadhaar, PAN, and bank account are linked and verified under the 'Manage' section.

• Under the ‘Online Services’ tab, select ‘Claim (Form-31, 19, 10C & 10D)’. In the claim form, choose the purpose of withdrawal as 'Housing Loan/House Purchase' and fill in the required details.

• Attach necessary property documents and home loan proof and, after reviewing, submit your claim.

I hope you found these steps helpful.

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Buying a home is the ultimate goal of most salaried middle-class people. For this purpose, you can take the help of employee EPF funds to meet the costs. EPFO lets you withdraw PF/EPF for prepayment of a home loan, renovating an existing house, and purchasing a flat or a house. Follow these steps if you want to know how to apply for PF withdrawal for home loan:

• Log in on the EPFO portal using your UAN and password

• Click on the 'Online Services' option and then go to 'Claim'

• This will redirect you to a new page that will have all your details like name, DOB, PAN number, etc.

• After checking the information, go to the 'Proceed for Online Claim' option

• Here, choose the 'PF ADVANCE (FORM 31)' in the drop-down menu

• Choose the reason for the loan from the drop-down menu

• Fill in the required amount along with your current address

• After that, you’ll have to sign the declaration

• On checking the box, you will see the 'Get Aadhaar OTP' option. Click on it to receive the OTP for authentication

• Fill in the OTP & click on the “Validate OTP & Submit Claim Form”

• The application process for EPF loan application will be completed

I hope now you know how to withdraw PF for home loan!