UKHWAH Cooperative Pembiayaan Peribadi
Key Loan Details:
| Borrow Amount | Financing Period | Profit Rate |
|---|---|---|
| RM1,000 – RM200,000 | 1 to 10 years | 4.35% p.a. – 4.99% p.a. |
Key Features:
- Profit Rate: Competitive 4.35% p.a. – 4.99% p.a. for government servants.
- Loan Amount: RM1,000 to RM200,000.
- Approval Duration: Loan approval within up to 2 weeks.
- Repayment Term: Flexible repayment period from 1 year to 10 years.
- Ideal for Government Servants: Exclusively available for government employees with permanent status and at least 6 months of current employment.
Loan Calculator Example:
For an applicant borrowing RM1,000 for 1 year with a monthly salary of RM1,800:
- Monthly Payment: RM87.
- Profit Rate: 4.35% p.a..
- Total Profit Payable: RM44.
- Total Repayment: RM1,044.
Eligibility Criteria:
- Employment Status: Must be a permanent government employee with at least 6 months of current employment.
- Age Requirement: Between 21 to 58 years old or 1 year before retirement (whichever comes first).
- Min. Monthly Salary: RM1,800.
- Other Criteria: Suitable for those with high outside commitments but still eligible for financing.
Required Documents:
- NRIC: Copy of your IC (front and back), certified by employer.
- Salary Slip: Latest 3 months salary slips, certified by employer.
- Bank Statement: Latest 3 months of bank statements (if not an existing UKHWAH member).
- Employer Confirmation Letter: Official letter confirming employment.
- Angkasa Form or Salary Deduction Letter: For salary deductions.
Fees & Charges:
- Processing Fee: None.
- Late Payment Charges: None.
- Stamp Duty: Standard charges may apply.
Additional Information:
- Low Profit Rate: Offers a competitive profit rate for government servants looking for a low-interest loan.
- No Late Payment Charges: Provides a no-late-payment charge policy, which is a benefit for borrowers.
- No Debt Consolidation: This financing is not intended for consolidating existing debts.
This financing is a low-interest, Islamic loan designed for government employees with stable income and high external commitments, offering an affordable solution for personal financing needs.