Hi there,
There 2 way to withdraw from your EPF a/c 2:
Docs req:
Part 1) New Property
a)SPA agreemnt
b)Letter of Offer from Banker
You can withdraw 10% from a/c 2 plus additional 10%,from your purchased price or which ever is higher.
Part 2) If you still maintained loan with Banker:
a) You need to request a statement/docs with Banker (usually 2 ply of information/detail/particulars of your loan,o/s balance detail of property & etc.Mostly Banker will charge you RM20,which they impose to your housing loan a/c.Docs from the Banker mostly it take 2/3 to be ready.
b) The Banker will call u to collect the docs (is ready),then you forward to EPF.Another form to fill up,probably it take 2 week to proceed your request.
FOR YOUR INFO:There are 2 options to withdraw from EPF a/c for Housing Loan.
a) To reduce your principal.
To my opinion this is much better.Interest is calculated daily base on principal,your tenure will more lesser,and you can save much in interest.
Their formula is:
Principal x interest divide 365: You will get 1 day interest.
The next day your interest will add your principal,and continuosly daily
b) Monthly installment for 2 years.
You will lesser you EPF fund,your monthly income will go to unnessary thing.(Or if you dont have a choice)
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