EPF Loan

EPF Loan refers to a premature withdrawal of funds accumulated in the EPF account. Therefore, a loan against EPF is not required to be repaid unlike a PPF (Public Provident Fund) loan and for that reason, there is no loan against PF interest rate. The cost needed to be paid for  a loan against PF account is the amount that an account holder could have earned as an interest on the withdrawn amount if they had not made the withdrawal. The interest on EPF deposit is calculated on monthly running balance and at present, the rate is 8.1% p.a.

Additional Info: The EPF members will require a EPF form 31 for claiming an EPF.

Withdrawals against your PF account is more of an advance than a loan. You can take advances during the course of your employment under some conditions. Apart from the reason to take advance, the number of years of service completed by you also plays a vital role. You have to submit the advance form and Form 31 along with other required documents to avail a loan against PF balance.

If you are still wondering about how to apply PF loan, here is the answer:

If you want to avail a PF loan apply online through the EPFO portal. Use your UAN login to the portal. Please note that individuals can login to the EPFO portal only if their UAN activation process is complete.

The EPF personal loan eligibility depends on the purpose behind the withdrawal from EPF account. The purpose and limit of withdrawal are summarized in the table below:

You will require any one of the following Claim Forms to withdraw any amount from your EPF account:

• Form 19: For the Final EPF Settlement.
• Form 10-C: For pension withdrawal benefit.
• Form 31: For partial withdrawal (advance) of EPF for an emergency. It can be directly accessed through the
• Member Interface of EPFO Unified Portal.
• Please note that you do not require any additional document for loan against PF amount. Submitting a duly filled and signed Form 31 is sufficient for such partial withdrawals.

Additional Info: Also Check Loan Against Fixed Deposit in Detail.

You can check the status of your EPF advance claim by following the steps mentioned below:

• Visit the official website of EPFO and go to the “Services” tab. 
• Click the “For Employees” option.
• Then go to the “Services” section and click on the “Know Your Claim Status” option.
• Enter your UAN as well as password to login. 
• Provide your EPF account number, establishment code, and the state of your PF office to check your EPF claim status.