Latest offering: Shahril (left) and Malaysian Communications and Multimedia Commission chairman Datuk Seri Halim Shafie officiating at the launch of EPF e-Caruman Contribution Payment Transformation Programme. With them are (from second left) EPF deputy CEO for operation Datuk Mohd Naim Daruwish, head of department for contribution Azmi Awang and MyClear MD Peter Schiesser.
KUALA LUMPUR: First-time home buyers opting for higher loan limits under the proposed end-financing scheme for affordable housing under the Perumahan Rakyat 1Malaysia (PR1MA) programme won’t be allowed to withdraw their contributions from Account 2 of the Employees Provident Fund (EPF) for other purposes until the loan is fully paid.
“The whole idea of the scheme is to ring fence Account 2. The bank would essentially have more assurance that it would be able to give out higher housing loan limits to applicants,” EPF chief executive officer Datuk Shahril Ridza Ridzuan said.
Limited time offer:
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