Hi guys, would like to find out if one invest the EPF money into mutual funds, can it be used as collateral to get loan for eg business, property etc?
Thanks.
Public Mutual v4, Public/PB series funds
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 Aug 23 2012, 04:27 PM
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Aug 23 2012, 04:33 PM
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QUOTE(wongmunkeong @ Aug 23 2012, 04:29 PM) FYI - even Public Bank's special loan, Wah, thanks wong. This is very helpful.Uniflex ( http://www.pbebank.com/en/en_content/perso...ns/uniflex.html ), that uses Public Mutual's funds/unit trusts, does NOT accepts "EPF scheme" invested mutual funds as collateral. Thus, highly unlikely - U can try your luck though.   Will explore with them. I just chatted with friends instead of letting the money sits idly in EPF, why not make it work doubly hard by leveraging not only on mutual funds but collateralize it to get more money running on other investment. |
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