Repay a Home Loan | EPF Housing Loan Scheme

EPF provides it’s members the ability to Repay a Home Loan  by making use of EPF Housing Loan scheme

As per Para 68-B of the EPF scheme, a PF member should satisify the critieria listed below to be eligible for this scheme

  • Should have completed 10 years of Service
  • This can be used only once
  • Amount would be paid to the individual
  • Property should be in the name of member or member’s spouse or jointly held
  • Annexure III should be submitted for Alternations/Additions
  • EPF will provide upto 36 times the wages of the PF member (Basic+DA) (or) Full EPF contribution (or) Total  Loan Outstanding along wiht interest (Lower of any of the 3 would be provided as loan amount)

Form 31 is the claim form that is used for submitting the Loan application.