12 Nov ANNOUNCEMENT TO MEMBERS

Posted at 08:41h in News by

Mandatory Repayment of Loan Instalments

Hotel Employees Provident Fund reminds its members that the timely and regular payment of instalments for every loan granted by the Fund is mandatory, in accordance with the Rules and Regulations of the Provident Fund.

The amount of the monthly instalment is specified in the Loan Agreement, which each Member signs prior to the loan being granted.

Please be advised that, effective 1 December 2026, in the event that a scheduled loan instalment is not paid, the Fund’s electronic system will prevent the Member from submitting a new loan application.

All Members who have taken out, or intend to take out, a loan from the Provident Fund are urged to fulfil their repayment obligations as stipulated in their Loan Agreement.

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