KOBETA Cooperative Personal Financing

  • Interest Rate
    6.90% p.a.
  • Max. Loan Amount
    RM 250,000
  • Approval Duration
    2-4 Working Days

Calculate your loan repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Interest Rate
Total Interest Payable
RM 70
Total Repayment
RM 1,070

Key Features

Ideal for government employees looking for low interest financing but have high outside commitment

Ideal for government employees looking for low interest financing but have high outside commitment

Reasonable financing rate fixed for the entire 10 year term

Reasonable financing rate fixed for the entire 10 year term

Reasonable financing rate fixed for the entire 10 year term

Even semi-government employees from TNB and POS Malaysia can apply

More details

  • icon Features Features

    Approval Duration
    2-4 Working Days
    Min. Loan Amount
    RM 2,000
    Max. Loan Amount
    RM 250,000

  • icon Eligibility/Documents 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

  • icon Fees and charges Fees and charges

    Processing Fees
    Free

    Other Fees and charges

    Late Payment Charges
    N/A

If you're not sure which loan is right for you, we can help!

How do you apply for a personal loan online?

Step 1 Image

Step 1

Use our personal loan calculator to find the best personal loan based on your requirements and eligibility.

Step 2 Image

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 Image

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.

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).

  • RM150,000

  • 10 years.

    • Citizenship: Malaysian
    • Employment: permanent government and semi-government employees (e.g. TNB, POS Malaysia)
    • Income: Minimum RM1,500/month gross income
    • Age: Between 21 – 47 years old. The latest you can apply for this personal financing package is at age 37, as the tenure of 10 years is fixed. This means that you are expected to finish repaying within 10 years or by the time you reach 47.

  • 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.

  • 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.

  • 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.

  • 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.

  • Authorised salary deduction

  • 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

  • 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.

  • 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.