Dreaming of owning a home in India? The EPF Housing Advance via the UMANG app makes it easier than ever. Here's your complete guide!
What is EPF Advance?
The Employees' Provident Fund (EPF) Housing Advance is a fantastic initiative enabling EPF members in India to access funds. This advance helps in various housing-related needs like purchasing a plot, buying a house, or even for construction and renovation projects. It’s a helpful financial aid.
Eligibility and Purpose
This advance serves multiple housing needs, making your dream home a reality. The fund can be used to buy a house/flat, purchase land, or construct a house. Funds are also available for alterations, improvements, and repairs of an existing house, even if it's owned jointly.
Types of Claims
You can claim the advance for various purposes. This includes buying a plot for building a house, purchasing a house or flat, and constructing a house on your land. Moreover, you can claim it for alterations and improvements to your existing house.
Claiming Through UMANG
The UMANG (Unified Mobile Application for New-age Governance) app simplifies the process. Through UMANG, members can easily apply and track their EPF Housing Advance claims. This app streamlines the whole process, making it accessible and user-friendly for all.
Plan Your Dream Home
The EPF Housing Advance offers a practical way to achieve homeownership in India. Remember to check the specific terms, conditions, and eligibility criteria of the EPF scheme before applying. This is a helping hand to build the house of your dreams and achieve financial freedom.
