Is a Loan against PPF account allowed?
Monday, May 15, 2017, 3:25 PM
PPF subscribers can apply for loans only between the 3rd and 5th financial year from the date of enrollment. But the loan facility will be discontinued from 7th year. The loan sanctioned will always be 25% of the PPF balance in the account at the end of the fiscal year that preceded the application year. The principal amount is to be repaid within 36 months.