• Apply for your loan without delay – obtain a checklist of documents required for application from the financial institution;
• Closely monitor the loan application process;
• Seek our assistance to liaise with the end-financer in getting the loan approved expeditiously;
• Settle the difference between the loan amount and purchase price immediately upon loan approval;
• Promptly settle all legal fees and charges due to the lawyer.

Requirement

You must be an EPF member.

Entitlement

You may withdraw all monies from your Account 2 maintained at EPF, or the difference between the Purchase Price and loan amount plus 10% of the Purchase Price (whichever is lower).

Procedure

1. Obtain an EPF withdrawal application form from their office
2. Submit the completed EPF form together with a photocopy of your I/C, Sale and Purchase Agreement and Letter of Offer from your end-financier
3. Produce all ORIGINAL documents mentioned above to the EPF officer for checking when submitting the said form for processing

Method of Payment

The payment will be released directly to your account within a period of 3 to 4 weeks from date of submission. For further applications made for EPF withdrawals, subsequent release of funds will be made directly to your end-financier. It is advisable for you to check with the EPF’s personnel, or log on to their website at www.kwsp.gov.my to confirm your eligibility to withdraw your savings from EPF to purchase a property.

The Malaysia My Second Home (MM2H) was launched by the Malaysian Government to encourage non-Malaysians from overseas to retire in Malaysia or spend a considerable time in the country on a social visit pass (10 years) with a multiple entry visa which would allow them to and from Malaysia freely.

Under this programme, the eligible foreign citizens will get to enjoy the relatively high standard of living, and at the same time experience the diversity of food and culture that our multi-racial Country is able to offer them all this without having to forego their citizenship.

For those successful applicants who wishes to purchase properties, they are exempted from having to obtain Foreign Investment Committee (FIC) approval.

Log on to www.mm2h.gov.my to obtain more information on MM2H.