UKHWAH Cooperative Personal Financing

Ukhwah Cooperative financing comes with reasonable interest rates and high payout that will be very attractive for those who are looking for low interest financing products but have high outside commitments. Even those who do have a record on their credit report and are looking to settle their SAA/CTOS commitments can apply.

There is no guarantor or deposit required and there are even rebates for early repayment.

Financing amount of up to RM250,000 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 - RM250,000 are available. Remember that the qualifying age is from 21 to 60, 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 documentations?

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 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.

How long will the application take?

The entire process takes about 2 weeks (3-5 days for approval and 7-10 days for the money to be deposited into customer's bank account).

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