UTILISATION OF ACCOUNT 2 BALANCE AS A FORM OF SUPPORT FOR PERSONAL LOANS

KWASA DAMANSARA, 10 March 2023:  The Employees Provident Fund (EPF) acknowledges the recent announcement by YAB Prime Minister Dato’ Seri Anwar Ibrahim regarding the use of the balance of contributions in members’ Account 2 as a form of support to apply for a personal loan from the banking system for those who need cash assistance.

 

The EPF is currently assessing the implementation of this initiative and will carefully consider all relevant factors to ensure its smooth implementation.

 

Further details regarding the implementation of this initiative will be announced by the EPF at a later date.

 

Issued by EPF Media Desk 
Corporate Affairs Department
10 March 2023

About the Employees Provident Fund (EPF)

The Employees Provident Fund® (“EPF®”) is one of the oldest retirement funds in the world. Established in 1951, the EPF® is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF® has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF® remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians.