PPF Benefits 1. Loan against PPF If you take a loan against your PPF, this is 1% above the interest that you get in your PPF account. This has been reduced from 2% to 1%. Interest is levied from 1st day of the month in which loan is taken to the last day of the month in which last installment is paid 2. Premature closure of PPF account If you would want to close your PPF account prematurely, you need to fill Form 5 for this.