Need A Financial Product › Forums › Loans › Can I repay bank’s loan by again borrowing from EPF

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  • August 31, 2014 at 5:38 pm #47147
    samkapoor77
    Keymaster

    During the year 2009, I have taken housing loan from EPF and also borrowed home loan from PNB. Both the loans are still outstanding. I wish to clear my PNB loan. Can I withdraw some more funds from my EPF account to repay bank’s loan? What all documents will I need in this process and what will be the other formalities for the same?

    September 2, 2014 at 10:41 pm #47148
    samkapoor77
    Keymaster

    Since you have already borrowed money from your EPF account, I don’t think so that you will be able to withdraw some more funds from EPF to repay PNB’s loan.

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