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PF loan advance and repay to father for the loan taken from him for flat purchase

Suhel Khan (1 Points)

11 April 2024

I have taken loan from my father to pay for the purchase of the flat.

Can I take loan advance from PF and replay to my father? Is that allowed?

Thanks

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1 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14807 Points)
Replied 12 April 2024

For Home loan you can withdraw from PF with certain conditions , however it's depends upon what documentation you have done with your father regarding loan ( like we do in bank ,NBFC etc ) , and same is acceptable to EPFO for disbursement of PF amount. It's better contact to Employees provident fund office.