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Dear all,

One of my staff wants to take a PF Loan. As I know, a person who has completed 5 years of experience can take a PF Loan. But I wanted to know the procedure of getting a PF Loan. If there are any amendments now, please let me know.

Please help me; it's urgent.

Thanks & Regards,
Shivananda VD

From India, Bangalore
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One can avail a loan/advance from the PF accumulations definitely on the following grounds:

1. PF ADVANCE AGAINST PURCHASE OF LAND/BUILDING/FLAT:
A. FOR THIS, YOU HAVE TO COMPLETE 5 YEARS OF MEMBERSHIP UNDER PF.
B. APPLY IN FORM 31 WITH NECESSARY ENCLOSURES LIKE XEROX COPIES OF LAND/BUILDING DOCUMENTS, ETC., XEROX COPY OF THE FIRST PAGE OF YOUR SAVINGS BANK ACCOUNT PASSBOOK.
C. APPLY THE SAME THROUGH YOUR PERSONNEL/HR DEPARTMENT.

2. PF ADVANCE FOR MARRIAGE OF SELF/BROTHER/SISTER/DAUGHTER OR SON:
A. FOR THIS, YOU HAVE TO COMPLETE 7 YEARS OF MEMBERSHIP UNDER PF.
B. APPLY IN FORM 31 WITH NECESSARY ENCLOSURES LIKE MARRIAGE INVITATION AND A XEROX COPY OF THE FIRST PAGE OF YOUR SAVINGS BANK ACCOUNT PASSBOOK.
C. APPLY THE SAME THROUGH YOUR PERSONNEL/HR DEPARTMENT.


From India, Madras
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Also need to submit the declaration form along with the Form 31, relevant documents pertaining to land/plot/construction of a house & Bank Pass Book copy/Cancelled Cheque through HR dept.
From India, Guntur
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