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
Product Highlights
- 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
Eligibility
- Every Active Principal member with a minimum of RM 1,000.00 in their Share Capital account is entitle to participate in this Scheme.
Product Features
- 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 (PRINCIPAL + INTEREST) | |||||||||
| PERCENTAGE | 5% | 6% | 7% | 5% | 6% | 7% | 5% | 6% | 7% |
| TENURE (YEARS) | 3 | 4 | 5 | 3 | 4 | 5 | 3 | 4 | 5 |
| 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 9,583.00 | 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 |
For further Enquiries do not hesitate to contact us. For easy and quick response, use the WhatsApp chat icon provided.
Also you may check out about Cash Deposit Scheme or Special Savings Scheme by clicking on it