Johari warns against using EPF savings to support loans

[superadmin]

PETALING JAYA: A former second finance minister has cautioned the government against allowing members of the public to use their EPF savings to support loan applications.

In an interview with Utusan Malaysia, Johari Ghani said borrowers would be burdened by interest payments charged on the loans. The scheme may also cause problems for banks as the process requires credit checks and preparation of legal agreements.

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