BFM 89.9
The Business Station
EPF As Loan Collateral - Good Or Bad?
22 mins
·
09:30, 23 Mar 2023
·
Recommended
Guest: Shing Yee Ling, Licensed Financial Planner, VKA Wealth Planners
Earlier this month, Finance Minister Datuk Seri Anwar Ibrahim suggested allowing contributors of the EPF to take bank loans by using their contribution as collateral instead of adhering to calls by certain people to again allow withdrawals from the fund. Licensed financial planner Shing Yee Ling talks about the idea behind this, what kind of impact it would have and what to do to ensure you have a safe retirement.
Image credit: Shutterstock
Presenter: Sim Wie Boon
Producer: Sim Wie Boon
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EPF As Loan Collateral - Good Or Bad?
22 mins
·
09:30, 23 Mar 2023
Guest: Shing Yee Ling, Licensed Financial Planner, VKA Wealth Planners
Earlier this month, Finance Minister Datuk Seri Anwar Ibrahim suggested allowing contributors of the EPF to take bank loans by using their contribution as collateral instead of adhering to calls by certain people to again allow withdrawals from the fund. Licensed financial planner Shing Yee Ling talks about the idea behind this, what kind of impact it would have and what to do to ensure you have a safe retirement.
Image credit: Shutterstock
Presenter: Sim Wie Boon
Producer: Sim Wie Boon
Share:
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