How EPF can help you buy your Dream Home – 5 things you should know
How EPF can help you buy your Dream Home – 5 things you should know Buying a Home is once in a lifetime decision, and is probably the biggest investment for any of us. Various new policies have been introduced to assist home buyers. However, one requires in-depth financial planning to ensure the right funding for their home purchase. One of the latest schemes is the EPF housing scheme that allows EPFO subscribers to use 90% of their savings in EPF for EMI payments or for financing their down payment. The new scheme has raised a lot of questions in the mind of home buyers. Let us help you with solutions to some of the most common queries on the EPFO housing scheme: 1 . Are there any benefits of subscribing to the EPFO? Yes. It is an additional source for helping EPFO subscribers to fund their new home. You can not only reduce your loan amount but also get your interest on home loans reduced. 2 . Am I eligible? To withdraw EPF for purchasing a home, you must be a subscriber of the EPFO s...