Almost 60,000 apply for EPF facility to support bank loans
Deputy Finance Minister Ahmad Maslan says only EPF members aged 40 years and above are eligible to apply for the Account 2 Support Facility. – The Malaysian Insight pic by Seth Akmal, April 12, 2023.
FSA2 is a facility aimed at helping EPF members obtain personal financing from banking institutions. So far, two banks are participating in FSA2, namely MBSB and Bank Simpanan Nasional.Among the stipulated conditions is that the applicant must have a minimum amount of RM3,000 in EPF Account 2. “EPF members can withdraw from Account 2 for the five purposes while withdrawals from Account 1 are not allowed as the savings are meant for retirement,” he said.
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