<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>In a statement on Friday (March 10), EPF said it will carefully consider all relevant factors to ensure its smooth implementation.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“Further details regarding the implementation of this initiative will be announced by the EPF at a later date,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/node/658520" target="_blank">Govt allows EPF members to use savings in Account 2 as collateral for bank loans</a></em></p></div>


KUALA LUMPUR (March 10): The Employees Provident Fund (EPF) is assessing the 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.

EPF assessing usage of Account 2 savings as collateral to apply for personal loans

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