KOPUTRI Cooperative Personal Financing

KOPUTRI Cooperative offers reasonable rates with high payout that will be very attractive for those who are looking for bank products but are unable to qualify for them at the moment. Even those who do have a record on their credit report are eligible to apply subject to certain conditions. There is no guarantor or deposit required and there are even rebates for early repayment.

Financing amount of up to RM100,000 is available depending on your salary and you only require a minimum monthly gross income of RM1,500 to qualify if you are a Malaysian citizen employed in the civil service for more than 6 months, aged 21 and above.

What is the maximum amount you can apply?

Financing amounts from RM1,000 - RM100,000 are available. Remember that the qualifying age is from 21 to 54, or the year before retirement.

What will it cost you and how will you be charged?

A flat profit rate of 5.90% is fixed for the entire financing period.

What are the required documentation?

1. Copy of IC (front and back) [verified by employer]
2. Copy of latest 3 months payslips [verified by employer]
3. Copy of latest 3 months bank statement [if not AG customers]
4. Confirmation letter by employer
5. A full set of application forms & agreements
6. Angkasa Form (Blue Form) or Letter of authorization to deduct salary

Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

Credit records like PTPTN loans, amounts owing under RM5k or overdue loans under 2 months duration are acceptable under certain conditions. You may also consider using this financing to clean up your CCRIS record.

How long will the application take?

The entire process takes between 1-2 weeks (2-4 days to get approval and up to 7-10 days to get the loan in the customer bank account).

Your application will be forwarded to Direct Lending Sdn Bhd for processing.