PF loan against home improvements

POSTED BY Sanju Acharya ON January 16, 2013 4:52 pm ONE COMMENT

I applied for PF loan against home improvements. i own this property with my father, PF loan has been rejected stating i should jointly own the property with my wife.

One reply on this article “PF loan against home improvements”

  1. Dear Sanju, yes to avail home loan from PF or to withdraw money from PF for house purchase, the property can either be single ownership under your name or joint with your wife. Any other joint ownership is not allowed.

    Thanks

    Ashal

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