Loans From Provident Fund For New House, Renovation: When Can You Avail?

Individuals can avail loan or advances from the accumulated amount from the Employee Provident Fund contribution depending on the number of years of services.

Individuals who are planning to apply should apply Form-31 through the employer.

Here is a look at advance which can be availed for home or its construction purpose:

• Purchase or construction of Dwelling house
• Repayment of Housing Loan
• Purchase of Plot
• Addition/Alteration of House
• Repair of House

Go through the slides to know about the maximum amount and eligibility on each type of advance:

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