KUALA LUMPUR: The proposal to use Employees Provident Fund (EPF) savings as collateral for bank loans may go against the original objective of retirement funds - which is to provide a financial safety net for retirees, says Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).
He said accumulated bank loan interest rates were likely to worsen the financial burden on borrowers.
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