How Much PF Can be Withdrawn for Home Loan?
You can withdraw up to 90% of your total Provident Fund balance for repaying a home loan, purchasing, or constructing a residential property. This facility is available once in your lifetime and applies if the house is registered in your name or jointly with your spouse. The eligibility period has been reduced from five years to just three years of PF membership, making it much easier and faster for homebuyers to access their savings. To apply, your account must be KYC-compliant, and the request is made online using Form 31 via the EPFO portal. The withdrawn amount can be used for a down payment, direct repayment or paying EMIs on your home loan.
Keep in mind, while this withdrawal can take a significant load off your finances, it will reduce your retirement corpus. Always weigh the benefits for your home against long-term savings before making your move.