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.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
