EPFO Housing Scheme – Get Home Loan Against Your EPF & Pay EMI

EPF Housing Scheme is the latest news from EPFO which is going to benefited for many people who are looking for affordable housing options in India. As per sources, EPFO to launch a new housing scheme where one can take down payment and also pay your home loan EMI from your EPF account balance itself. It is expected that, after March 8th, EPFO Housing Scheme will be launched in India.

Why EPFO Housing Scheme?

EPF is one of the biggest source of money for most of the service class people and due to the long lock-in feature, mostly the accumulated money sit idle in the EPF account and earn a nominal interest rate. Although the interest rate is good as this is a debt investment option with guaranteed return.

Also Read  When Can I Withdraw All Money From PPF Account Before Maturity?

Now in India, there are 4 crore EPF subscribers, who are accumulating money in their EPF account. Now EPFO want to utilize this money and want to provide another way to withdraw money from their EPF money. So, with this EPFO Housing Scheme one can easily get a down payment option and also pay their home loan EMI.

Also Read  10 Things To Know Before Applying Loan Against PPF Account

How To Get Home Loan Using EPFO Housing Scheme?

Well, this part will be updated soon as soon as the EPFO Housing Scheme will be launched, most probably by next month. You can keep a track of our website for more updates on this new scheme from EPFO.

Besides that, to get a loan for your next house from EPFO there will be couple of rules like there should be 20 members at least in the group housing society to avail of the facility. According to a PTI report, subscribers would be allowed to club the benefits under various schemes of the Centre as well states such as Pradhan Mantri Awas Yojana, furthering the government’s aim of housing for all. EPFO will have the right to stop down payment or EMI in case of any dispute.


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