Finance
DoggfatherThink Twice Before Dippin' into EPF for Loan Payoff, G
Yo, check it, g! Dippin' into that EPF cash to clear loans might sound fly, but experts say it could cost ya down the line, ya dig? EPF’s all about stackin' that retirement dough, while home loans ease up over time. So before you roll with that EPF cash, think it through, fo’ shizzle!
few days ago | Amit Kumar
Quick rundown
1.EPF is a retirement savings tool, not spare cash.
2.Using EPF for loans can have long-term costs.
3.Home loans get easier over time with rising incomes.
4.EPF returns are tax-free and highly efficient.
5.Compounding benefits of EPF often outweigh early loan closure.
