On the above, it makes sense but it depends on several other factors:

1) instalment amount

2) balance in provident fund *

3) net contribution per month (addition less withdrawal)

*loan instalment is only allowed from account 2 which is 30% of your total balance, assuming no prior withdrawal.

On average a person earning RM15k, paying a RM3.3k loan will utilise RM20k of their balance each year. If this person has RM500k to start with, it will only pay the loan for maximum 8 years after which, there will not have balance in account 2 (yes that is possible).

If you do not want to utilise the balance in your account 2 at all, for every RM1000 loan you need to earn RM14.5k per month. So a RM3.3k loan, you’ll need a monthly salary of RM47850 to have net contribution of zero per month.