Borrowings from Members Scheme
In order to finance the Koperasi’s core activity, it intends to borrow from members in accordance with Section 50(e) of Akta Koperasi By-Law Section 57(1)(b), Members who have a minimum of RM 1,000.00 in their Share Capital account and whose monthly Share/Subscription contribution is RM 100.00 are qualified to participate in the above scheme
- Select a Repayment plan of your choice and receive interests together with Principle monthly, quarterly, biannually, annually.
- Get up to 80% of the outstanding investment Value as a Collateral Loan
- The Best and secure way to earn a higher interest rate for your funds
- Every Active Principle member with a minimum of RM 1,000.00 in their Share Capital account are entitle to participate in this Scheme.
- You can earn a higher rate of interest.
- If you are already registered with our Online KGMB-Selfcare Account, you can manage and monitor your funds on a Finger tips.
- You can receive up to 80% of your Cash Deposit value as a Cash advance (Collateral Loan)
- The interest rate of the Fixed deposit will remain unaffected until the deposit maturity.
|BORROWINGS FROM MEMBERS INTEREST RATE AND REPAYMENT CHART|
|INVESTMENT AMOUNT (RM)||MONTHLY REPAYMENT||YEARLY REPAYMENT||PAY UP ON MATURITY|
|MYR 20,000.00||MYR 639.00||MYR 500.00||MYR 450.00||MYR 7,667.00||MYR 6,200.00||MYR 5,400.00||MYR 23,000.00||MYR 24,800.00||MYR 27,000.00|
|MYR 50,000.00||MYR 1,597.00||MYR 1,292.00||MYR 1,125.00||MYR 19,166.00||MYR 15,500.00||MYR 13,500.00||MYR 57,500.00||MYR 62,000.00||MYR 67,500.00|
|MYR 100,000.00||MYR 3,028.00||MYR 2,583.33||MYR 2,250.00||MYR 38,333.00||MYR 31,000.00||MYR 27,000.00||MYR 115,000.00||MYR 124,000.00||MYR 135,000.00|
|MYR 300,000.00||MYR 9,083.00||MYR 7,750.00||MYR 6,750.00||MYR 115,000.00||MYR 93,000.00||MYR 81,000.00||MYR 345,000.00||MYR 372,000.00||MYR 405,000.00|
|MYR 500,000.00||MYR 15,139.00||MYR 12,917.00||MYR 11,250.00||MYR 191,667.00||MYR 155,000.00||MYR 135,000.00||MYR 575,000.00||MYR 620,000.00||MYR 675,000.00|
|MYR 1,000,000.00||MYR 30,278.00||MYR 25,833.33||MYR 22,500.00||MYR 350,000.00||MYR 310,000.00||MYR 270,000.00||MYR 1,150,000.00||MYR 1,240,000.00||MYR 1,350,000.00|