EPF Account 2 (Akaun Sejahtera) Housing Withdrawal

# EPF Account 2 (Akaun Sejahtera) Housing Withdrawal

What Is It

The Employees Provident Fund (KWSP) allows members to withdraw savings from their Account 2 (Akaun Sejahtera) to fund housing-related activities. This includes buying a house (new launch or sub-sale), constructing a house, or reducing/settling an active home loan balance.

Who Is Eligible

Malaysian citizens and non-citizens under 55 years of age.

Has a minimum balance of RM500 in Account 2 (Akaun Sejahtera).

Must purchase or construct a residential property (for owner-occupancy).

Required Documents

Copy of MyKad.

Copy of the signed Sales & Purchase Agreement (SPA) (not exceeding 3 years from the date of application).

Copy of home loan approval letter or latest loan balance statement from the financier.

Proof of relationship (if buying jointly with family members).

Step-by-Step Procedure

1. Access i-Akaun: Log in to the Kwsp i-Akaun portal or mobile app. 2. Submit Withdrawal Application: Go to the 'Withdrawal' section, select 'New Application', and choose 'Housing Withdrawal'. 3. Select Sub-Scheme: Choose 'Buy House', 'Build House', or 'Reduce Housing Loan'. 4. Input Details: Input the property details, SPA date, and financier loan account number. 5. Fingerprint Validation: Visit the nearest EPF branch office kiosk to verify your identity using biometric fingerprint scanning. 6. Fund Credit: Approved funds are disbursed to your registered bank account or paid directly to the financing bank.

Cost & Processing Time

Cost: Free of charge.

Processing Time: 5 to 15 working days for approval and fund disbursement.

Where to Apply

Online: Kwsp i-Akaun portal or mobile app.

In-person: Kiosks or service desks at any EPF (KWSP) branch office.

Important Notes

Members can withdraw the entire savings balance in Account 2 (Akaun Sejahtera) or up to the difference between the property price and the loan value.

Re-withdrawal to reduce the same housing loan balance can be applied for once a year.