Use of EPF savings as colateral for loans does not violate Act, says Anwar | TheStarTV.com

Use of EPF savings as colateral for loans does not violate Act, says Anwar

Published on 11 Mar 2023 5:30:12 PM

The method of allowing contributors to use the funds in the Employees Provident Fund (EPF) as collateral for bank loans does not violate the EPF Act, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the matter had been discussed with the EPF and there were no obstacles to implementing it.

Anwar, who is also Finance Minister said that the method is to help certain cases.

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Keywords
anwar ibrahim, epf, collateral, loans, method, act, finance minister

The method of allowing contributors to use the funds in the Employees Provident Fund (EPF) as collateral for bank loans does not violate the EPF Act, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the matter had been discussed with the EPF and there were no obstacles to implementing it.

Anwar, who is also Finance Minister said that the method is to help certain cases.

Read more at https://bit.ly/3ZUCVBP

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
anwar ibrahim, epf, collateral, loans, method, act, finance minister

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