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Anwar: EPF funds can be used as collateral to take bank loans

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The government will allow Employees Provident Fund (EPF) members, who are in dire financial states, to use their retirement funds as collateral for emergency loans, without the need to withdraw their savings.

Prime Minister Anwar Ibrahim, who is also the finance minister, said this will be allowed if the contributors have enough savings in their EPF accounts.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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