Employees Provident Fund (EPF) contributors who have accounts with RHB Bank and Maybank can now pay their monthly housing loan instalments via EPF’s e-Pengeluaran facility. To do this, they need to submit their withdrawal application online via EPF’s e-Pengeluaran facility for housing loan repayments.

“We initially introduced the e-Pengeluaran with RHB Bank and now we are working with Maybank. Soon we will extend this service to members with housing loans with other banks too,” EPF’s deputy CEO for operations Datuk Mohd Naim Daruwish said in a statement.

“The e-Pengeluaran facility will only need members to come to any EPF branch for thumbprint verification,” he explained.

The facility, available via i-Akaun, facilitates online withdrawal applications for monthly repayment of housing loan and to reduce or redeem housing loan balance.

“Members are required to be a registered i-Akaun holder in order to use the e-Pengeluaran facility,” said the EPF statement.

The e-Pengeluaran facility is only applicable to an EPF member who is the buyer and owner of the house as well as the borrower of the housing loan from either RHB Bank or Maybank.

Before disbursing the money to members via direct credit facility, the EPF will verify the housing loan with the participating banks and ensure all terms and conditions for withdrawal have been met. Subsequently, EPF members will be told to verify their thumbprint at any EPF branch.

“The EPF also plans to enhance the e-Pengeluaran facility to include other withdrawals,” Mohd Naim said.

So far, EPF has received more than 10,000 withdrawal applications from members who have housing loans with RHB bank.