QuickCheck: Does the EPF offer loans to contributors?

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QuickCheck: Does the EPF offer loans to contributors?
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Is there any truth to the claim?

The EPF recently clarified in a post on its official Twitter account that it does not offer any form of loan to its contributors.

“Be careful when dealing with those who misuse the name and logo of the EPF. Accurate, verifiable information can be found on the official website and social media of the EPF,” it said in the post.https://www.kwsp.gov.my/ms/web/guest/w/beware-of-loan-offers-using-epf-account“We are aware of several ads on social media offering personal loans using EPF savings as a guarantee.

“Members are warned to be vigilant and to avoid being fooled by offers that could jeopardise their EPF savings,” it added.Berhati-hati dengan mereka yang menyalahgunakan nama dan logo KWSP.

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