PETALING JAYA: The Employees Provident Fund (EPF) has acknowledged the announcement by Prime Minister Datuk Seri Anwar Ibrahim on the use of members’ Account 2 balance as a form of collateral to apply for personal loans.
In a statement on Friday (March 10), the EPF said it was assessing this initiative and will carefully consider all factors to ensure its smooth implementation.
It also said further details on the implementation will be announced at a later date.
The Prime Minister made the announcement in Parliament on Thursday (March 9) while delivering his winding-up speech as Finance Minister.
"I will ensure that the EPF allows contributors who are in dire straits to take up loans from a bank with a collateral from their EPF, this is the best (I can do)," he said.
