EPF For Home Loan Repayment: Should You Consider It? In PICS

As such, home buyers, both existing and new, have been looking for new ways to reduce their interest payments.

With the recent repo rate hikes, home loans have become more expensive as interest rates have surged.

One of the attractive repayment options is using the Employees Provident Fund (EPF) to help with the loan amount. However, this decision requires careful consideration before you dive into the retirement funds. Getty

Section 68BB of the EPF Scheme allows members to utilise funds for home loan repayment if the property is registered under the name of the PF member, individually or jointly. Getty