WebMar 10, 2024 · Unwise to use EPF contributions as collateral for bank loans, Sarawak union leader tells prime minister In his winding-up speech on the 2024 Supply Bill, the … WebMar 14, 2024 · Nation USING their Employees Provident Fund (EPF) savings as collateral for bank loans is only likely to worsen the financial situation of the borrowers, said Datuk Seri Dr Wee Ka Siong. This will bring more problems because the accumulated interest will be higher than the (average) fixed deposit rate of about 4%, said Dr Wee (BN-Ayer Hitam).
EPF refutes allegation of cash crunch crisis, Act amendment
WebMar 10, 2024 · (Bernama pic) PETALING JAYA: The Employees Provident Fund (EPF) says it is “assessing” the implementation of the government’s proposed scheme to allow contributors to use their Account 2... Web2 days ago · Wednesday, 12 Apr 2024 5:55 PM MYT PUTRAJAYA, April 12 — A total of 59,230 contributors have applied for Employees’ Provident Fund’s (EPF) Account 2 Support Facility (FSA2) as of yesterday since it opened on April 7, with only 27,705 eligible, said Deputy Finance Minister Datuk Seri Ahmad Maslan. college of holy cross address
Using EPF savings as collateral won’t affect dividends, says PM
WebMar 21, 2024 · KUALA LUMPUR, March 21 — Prime Minister Datuk Seri Anwar Ibrahim today said that the government will utilitise Islamic financing loan method in relation to … Web8 hours ago · “However, in the event of a default, the banks cannot take the money from the borrowers’ EPF Account 2 until they reach 50 years old, because this facility is not a … WebApr 10, 2024 · KUALA LUMPUR, April 10 — The Employees’ Provident Fund (EPF) Account Two support facility is not in the form of collateral offered by a borrower to a bank, said Deputy Finance Minister I Datuk Seri Ahmad Maslan. He said a bank cannot use a borrower’s EPF savings if the (EPF) member or borrower fails to pay his loan instalments. college of hi-tech engineering pune