Personal Loan Facility
Personal Loans are granted to members on completion of 6 months’ membership. Each applicant must be supported by one or more guarantors, who have also been members of the Koperasi for a minimum period of 6 months.
The Guarantors/ Sureties must be a third-party person (Friends, Cousin or Relatives), spouse, siblings & immediate Family Members cannot be Guarantors.
Borrowers & Guarantors must be a confirmed employee with more than 2 years in service.
Koperasi Gemilang Malaysia Berhad Members who are in Government sectors and Private sectors are eligible to apply for personal loan up to RM 100,000.00. Loan amount of RM 50,000.00 is repayable within 5 years while Loan amount from RM 50,000.00 to RM 100,000.00 is repayable within 10 years.
Every Personal Loan is subject to RM 1,000.00 Share Capital credit in the account of member and is subject to the Terms and conditions specified under this facility.
- After Successful completion of 6 months as a KGMB member only entitle to this Facility
- Minimum Share Credit Value of RM 1,000.00 is required in Borrowers Account.
- DSR (Debt Service Ratio Percentage) Should not exceed more than 60%.
- Salary Deduction
- Post Dated Cheques
- BPA Angkasa
- Group Company Salary Deduction
- Credit Card / Debit Card (Auto Debit Facility) – Coming soon
The said terms and conditions are subject to change at the discretion of the Management. However, for those who have entered into a contract, the terms and conditions remain the same.
If you are interested in this Facility and want to know more information about Interest rates, kindly drop us an email to firstname.lastname@example.org or you may contact our Credit Division via Official WhatsApp +60125144199 during office hours.