News & Articles EPF allows members with Maybank, RHB housing loans to submit online applications
EPF allows members with Maybank, RHB housing loans to submit online applications
5 Jan 2015
KUALA LUMPUR: The Employees Provident Fund (EPF) says members who have housing loans with RHB Bank and Maybank can opt to submit their withdrawal applications online through the e-Pengeluaran facility for housing loan repayments.
The facility, which is available via i-Akaun, facilitates online withdrawal applications for repayment of monthly installments for housing loans and to reduce or redeem housing loan balance.
Members must be a registered i-Akaun holder in order to use the e-Pengeluaran facility, it said in a statement issued yesterday.
The e-Pengeluaran facility allows members to submit their withdrawal applications online in a fast, accurate and convenient way.
Members only need to come to any EPF branches for thumb print verification, said EPF deputy chief executive officer for operations, Datuk Mohd Naim Daruwish.
He said the fund had initially introduced the e-Pengeluaran with RHB Bank, and has to date, received more than 10,000 withdrawal applications from members who have housing loans with the bank.
"We are now working with Maybank and soon, we will extend this service to members with housing loans with other banks too," he said.
The e-Pengeluaran facility is applicable to members who have already made the same withdrawals. Members must be the buyer and the owner of the house as well as the borrower of the housing loan from either RHB Bank or Maybank.
Mohd Naim said that the EPF was also planning to enhance the e-Pengeluaran facility to include other withdrawal schemes such as purchasing a house, education and health.
The facility, which is available via i-Akaun, facilitates online withdrawal applications for repayment of monthly installments for housing loans and to reduce or redeem housing loan balance.
Members must be a registered i-Akaun holder in order to use the e-Pengeluaran facility, it said in a statement issued yesterday.
The e-Pengeluaran facility allows members to submit their withdrawal applications online in a fast, accurate and convenient way.
Members only need to come to any EPF branches for thumb print verification, said EPF deputy chief executive officer for operations, Datuk Mohd Naim Daruwish.
He said the fund had initially introduced the e-Pengeluaran with RHB Bank, and has to date, received more than 10,000 withdrawal applications from members who have housing loans with the bank.
"We are now working with Maybank and soon, we will extend this service to members with housing loans with other banks too," he said.
The e-Pengeluaran facility is applicable to members who have already made the same withdrawals. Members must be the buyer and the owner of the house as well as the borrower of the housing loan from either RHB Bank or Maybank.
Mohd Naim said that the EPF was also planning to enhance the e-Pengeluaran facility to include other withdrawal schemes such as purchasing a house, education and health.
Source: New Straits Times