• “Further details regarding the implementation of this initiative will be announced by the EPF at a later date.”

KUALA LUMPUR (March 10): The Employees Provident Fund (EPF) is assessing implementation of the utilisation of members’ savings in Account 2 as collateral or guarantee for personal bank loans.

In a statement on Friday (March 10), EPF said it will carefully consider all relevant factors to ensure its smooth implementation.

“Further details regarding the implementation of this initiative will be announced by the EPF at a later date,” it said.

EPF released the statement following Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim’s announcement in Dewan Rakyat on Thursday to allow EPF contributors who need cash assistance to use their Account 2 balance as form of support to borrow from banks.

SHARE
SPONSORED CONTENT
UEM Sunrise builds communities where wellness and liveability thrive

Through thoughtful masterplanning, biophilic design, and wellness-driven amenities, both townships are carefully curated to nurture lives at every stage, from growing families to active retirees.

read more
RELATED POSTS
  1. URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth
  2. AFFIN Bank launches home loans up to 120% to cover renovations
  3. Rehda Institute CEO Series 2026: Big developers working to set real estate as institutional-grade asset class