RM
year(s)
RM
- You Pay
- RM 89 /mth
- Interest Rate
- Total Interest Payable
- RM 70
- Total Repayment
- RM 1,070
KOBETA Cooperative Personal Financing
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- Interest Rate
- 6.90% p.a.
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- Max. Loan Amount
- RM 250,000
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- Approval Duration
- 2-4 Working Days
Calculate your loan repayment instantly
Key Features
Ideal for government employees looking for low interest financing but have high outside commitment
Reasonable financing rate fixed for the entire 10 year term
Even semi-government employees from TNB and POS Malaysia can apply
More details
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Features- Approval Duration
- 2-4 Working Days
- Min. Loan Amount
- RM 2,000
- Max. Loan Amount
- RM 250,000
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Eligibility/Documents- Employment Eligibility
- Permanent government and semi-government employees (TNB. POS Malaysia)
- Age Requirement
- 21-47 years old
- Min. Monthly Salary
- RM 1,500
Other eligibility requirements
- NRIC
- Copy of IC (front and back) [verified by employer]
- Payslip
- Copy of latest 3 months payslips [verified by employer]
- Bank Statement
- Copy of latest 3 months bank statement [if not AG customers]
- Confirmation Letter
- Confirmation letter by employer
- Angkasa Form (Blue Form) or Letter of authorization
- Angkasa Form (Blue Form) or Letter of authorisation to deduct salary
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Fees and charges- Processing Fees
- Free
Other fees and charges
- Late Payment Charges
- N/A
Prefer to talk to our customer care agents?
How do you apply for a personal loan online?
Step 1
Use our personal loan calculator to find the best personal loan based on your requirements and eligibility.
Step 2
Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.
Step 3
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
Read more about Personal Loan
Review by iMoney
KOBETA Cooperative Personal Financing is a personal financing facility that offers a decent financing amount of up to RM150,000. It is specifically for permanent government and semi-government employees (e.g. TNB, POS Malaysia).
Best for: Urgent need for cash.
Income requirements: Minimum RM1,500/month.
Pros:
- Low income requirement (RM1,500 gross monthly income)
- Higher financing amount (RM150,000)
- Flat profit rate
KOBETA Cooperative Personal Financing FAQ
A personal financing offered by Koperasi Bersatu Tenaga Malaysia Berhad (KOBETA).
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KOBETA Cooperative personal financing is well known for their guaranteed approval on their personal financing solutions. If you find it hard to get approved for other type of loans, KOBETA is your best bet!
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RM150,000
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10 years.
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You can go to the nearest KOBETA office and get the application form or contact a KOBETA executive.
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The entire process takes between 1-2 weeks (2 - 4 days to get approval and 7-10 days before KOBETA disburses the cash into your bank account).
To speed up the process, you can complete the application through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.
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Here are KOBETA's eligibility requirements;
- Civil servants or employees of statutory bodies
- Age between 21 to 59 years old
- Permanent employee
- Over 6 months of working.
- Minimum monthly salary of RM1500 (including allowance)
- Existing salary deduction of less than 50% and 60%
- CTOS not exceeding RM20,000.00
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Once you have completed your application with iMoney, you are required to provide the following documents for your application:
- Copy of NRIC (front and back)
- 3 months (most current) salary slips
- 3 months (most current) bank statements
- Confirmation letter by employer
- Angkasa Form (Blue Form) or Letter of authorisation to deduct salary
- Application Form
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A flat profit rate of 5.99% is fixed for the entire financing period and the payout is up to 93% of the financing amount.
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As with any personal financing, you will have to make monthly repayment which comprises of principal amount and an interest rate.
Use our personal loan calculator above to estimate your monthly repayment.
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One-time set-up fee: A stamp duty fee of 0.5% on loan amount will be deducted upfront before your loan amount is given to you or disbursed to you.
Processing fee: None
Early termination fee: Yes
Late penalty fee: None
Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.
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KOBETA Cooperative personal financing uses BPA salary deduction as their repayment method.
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Credit records like non-bank CTOS under RM20k is allowed but subject to terms and conditions while credit records on CTOS from financial institutions need to be settled with the new financing application to qualify. If possible, we recommend that you settle any outstanding payments and wait for three months before you apply.
Check your iMoney CreditScore for free to find out how your credit health is.
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AEON i-Cash Personal Financing
If you wish to have a slightly faster approval, you may consider AEON i-Cash Personal Financing which can approve your application within 3 days. With a similarly low income requirement of RM1,500, this personal financing package comes with a shorter repayment tenure of 7 years.
CBP Personal Financing-i Lestari
Another personal financing facility for civil servants is CBP Personal Financing-i Lestari which provides a higher financing amount of RM200,000. Although the monthly income requirement is slightly higher at RM3,000, it comes with a lower profit rate of 2.75% - 2.85% p.a.