UKHWAH Cooperative Personal Financing

  • Profit Rate
    4.35% p.a.
  • Max. Financing Amount
    RM 200,000
  • Approval Duration
    3-5 Working Days

Calculate your financing repayment instantly

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

Key Features

Low interest rate for Muslim customers

Low interest rate for Muslim customers

Ideal for borrowers looking for low interest loan (but have high outside commitment or wish to settle SAA/CTOS)

Ideal for borrowers looking for low interest loan (but have high outside commitment or wish to settle SAA/CTOS)

Ideal for borrowers looking for low interest loan (but have high outside commitment or wish to settle SAA/CTOS)

For government servants

More details

  • icon Features Features

    Approval Duration
    3-5 Working Days
    Min. Financing Amount
    RM 1,000
    Max. Financing Amount
    RM 200,000

    Other features

    Min. Financing Tenure
    1 years
    Max. Financing Tenure
    10 years
    Debt Consolidation
    No

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    Government Status (Permanent status) and Length of Current Employment 6 months
    Age Requirement
    21-60 years old or 1 year before retirement (whichever is earlier)
    Min. Monthly Salary
    RM 1,800

    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
    Application Form
    A full set of application forms & agreements
    Angkasa Form (Blue Form) or Letter of authorization
    Angkasa Form (Blue Form) or Letter of authorization to deduct salary

  • icon Fees and charges Fees and charges

    Processing Fees
    Free

    Other fees and charges

    Late Payment Charges
    N/A
Last updated: Apr 20, 2022

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How do you apply for a personal financing online?

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Step 1

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

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Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

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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

UKHWAH Cooperative Personal Financing is a personal financing facility that offers a decent financing amount of up to RM250,000. It is specifically for permanent government employees who have worked for at least 6 months.

Best for: Debt consolidation or cashflow.

Income requirements: Minimum RM1,500/month.

Pros:

  • Low income requirement (RM1,500 gross monthly income)
  • Higher financing amount (RM250,000)
  • Low interest rate
  • No guarantor required
  • Possible rebates for early repayment

Latest news and updates for UKHWAH Cooperative Personal Financing

For the latest news on the UKHWAH Cooperative personal financing, you can go to their official website right here.

UKHWAH Cooperative Personal Financing FAQ

An Islamic personal financing offered by UKHWAH Cooperative Personal Financing.

  • If you are a government or Government linked companies (GLC) employee, then UKHWAH Cooperative personal financing represents a very attractive financing solution for you as it offers a very competitive profit rate and a very high financing amount.

  • You can apply for the UKHWAH cooperative Personal Financing right here.

  • RM250,000

  • 1 – 10 years.

    • Citizenship: Malaysian
    • Employment: permanent government employees who have worked for at least 6 months
    • Income: Minimum RM1,500/month gross income
    • Age: Between 21 – 60 years old. If you apply for this personal financing package is at age 55, your maximum tenure is 5 years when you reach 60. This means that you must settle your repayments before you reach the age limit of 60.

  • The entire process takes about 2 weeks (3 – 5 days for approval and 7 – 10 days for the money to be deposited into your bank account).

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

    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.

  • 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

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

  • 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.

  • The UKHWAH Cooperative Personal Financing calculator can help you calculate your monthly commitment based on your financing amount and your financing tenure.

  • 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.

  • Authorised salary deduction via ANGKASA

  • Yes you can, but you will need to fill out the early settlement form before you can proceed with the early settlement of UKHWAH Cooperative personal financing.

  • You can call the UKHWAH Cooperative Personal Financing support team right here.

  • Yes you can, however you will be required to settle the outstanding loans you have first, either partially or in full.

  • 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.

  • KOBETA Cooperative Personal Financing

    Similarly exclusive for government employees, this personal financing package has the same income requirement of RM1,500/month.

    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.