EPF members concerned banks will only allow loans of up to 70% of collateral, says Dr Wee

KUALA LUMPUR: Employees' Provident Fund (EPF) members have raised concerns that commercial banks will only give loans of up to 70% of the value of the collateral, says Datuk Seri Dr Wee Ka Siong.

The Ayer Hitam MP said there are also concerns over high interest rates, which would have an impact if EPF contributors were allowed to use their savings as collateral for bank loans.