Every Malaysian who are employee of any company are required to contribute for provident fund which is a fund for own retirement as well as for buying a property. All of the Malaysian are allowed to use part of the provident fund to pay for their first house installment loan. Besides, if the contributor (the person who contributed for provident fund) is below age 55 and he/she has RM 500 in the second account of provident fund, then he/she is entitled to use the money to payoff their mortgage loan.
To read the full article, please visit Tips To Use Provident Fund To Buy Your First House
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