PETALING JAYA, Jul 5 – The Employees Provident Fund (EPF) will allow its members to settle their outstanding education loans from July 21. This could benefit up to 70,000 members who have yet to repay these loans, The Star Online reported today. Members can settle their outstanding education loan amount from Account 2 under the education withdrawal facility regardless of the effective date of their education loan agreement.
The enhancement will replace the current conditions of education withdrawals from Account 2. EPF deputy chief executive officer (operations) Datuk Mohd Naim Daruwish told the portal that members’ feedback indicated they faced difficulties in reducing or settling their education loans using their EPF savings.
“The EPF serves to create a positive member experience and we always strive to improve all areas that we can while delivering our mandate. We are pleased to note that the enhancement is expected to benefit up to 70,000 of our members who have yet to repay their education loans,” he was quoted as saying.
