Bank & koperasi loan made easy
Get the best personal loan that suit your needs
Rates from as low as 3.99% p.a. or as fast as 2 working days
- Civil servant? Welcome
Take out a loan that is designed specifically for civil servants & government staff
- Personal loan? Yes
Apply for a loan whatever you need it for - business, housing, education, medical
- Credit repair? Done
Get your rate instantly without documents. Problem with CCRIS/CTOS can apply
Media coverage
Our promise
FAST
Know your rate instantly. Get your funds in as fast as 2 working days**
SIMPLE
Find and apply the best loan suit your needs, anytime, anywhere
SAFE
Authorised marketing agent for reputable bank & koperasi loan in Malaysia
Our service is 100% free. No upfront payment required
Let's us assist you to find and obtain financing that most suitable to you
Financing available on our platform
Contract status eligible
Secepat 2 hari
Tak kira komitmen luar
Tak kira komitmen luar
Kerja kontrak layak
Eligibility
- A Malaysian citizen aged between 20 and 58 years old
- Civil servants under Federal, State and selected Government Agencies or employees of selected GLCs
- Have a permanent job with at least 3 months of service in the government sector
- Minimum gross monthly income (including fixed allowances) of RM1,500
- High loan commitment, CCRIS/CTOS can apply (for selected koperasi loan)
- Financing tenor from minimum 1 year to maximum 10 year
Special cash rebate from Direct Lending
For RCE Yayasan personal financing with rate 7.99% & above only
RM1,500 (new!)
RM500 RM1,000
RM500 RM700
RM250 RM500
RM250 RM300
RM100 RM150
≥ RM40,000
RM30,000 – RM39,900
RM20,000 – RM29,900
RM15,000 – RM19,900
RM10,000 – RM14,900
RM5,000 – RM9,900
Rebat Tunai Eksklusif daripada Direct Lending
Untuk Pinjaman Peribadi RCE Yayasan yang berkadar 7.99% dan ke-atas sahaja
RM1,500 (BARU!)
RM500 RM1,000
RM500 RM700
RM500 RM500
RM500 RM300
RM500 RM15
≥ RM40,000
RM30,000 – RM39,900
RM20,000 – RM29,900
RM15,000 – RM19,900
RM10,000 – RM14,900
RM5,000 – RM9,900
Customer testimonials
Customer review’s on our Google Business Page and Facebook
FAQ about Koperasi Loan
What is a koperasi loan?
A koperasi loan or cooperative loan is a type of personal loan offered to civil servants working in a federal or state government, municipal councils, statutory bodies as well as employees of selected government-linked entities. The repayment of koperasi loan is done through a salary deduction repayment scheme via Biro ANGKASA. Most of the koperasi loans are Syariah compliance.
Here is a list of koperasi loans on our platform:
- Public Bank-MCCM Resources
- Ambank-MCCM Resources
- Co-op Bank Pertama
- Koperasi Ukhwah
- Yayasan Ihsan Rakyat
- Yayasan Dewan Perniagaan Melayu Perlis
- Koperasi Putri Terbilang (KOPUTRI)
- Koperasi Bersatu Tenaga Malaysia Berhad (KOBETA)
What are the differences between koperasi loan & commercial bank loan?
- Repayment: Koperasi loan repayment is directly deducted from borrower’s salary and processed either through Angkatan Koperasi Kebangsaan Malaysia Berhad (Biro ANGKASA) or Accountant General’s (AG). Commercial bank loan is usually processed through auto debit or manual cash bank-in, although some banks also offer personal loan through salary deduction.
- Tenure: The tenure for koperasi loan is typically up to 10 years whereas most commercial bank loan tenure is generally within 5-7 years.
- Credit criteria: The credit approval criteria for koperasi loan is less stringent since repayment is made via direct salary deductions. Koperasi loan can even be approved for borrowers with a negative CTOS record, high commitment or those marked with ‘Special Attention Account’ whereas most commercial bank loan approval criteria is much stricter. Borrowers with an unfavourable CCRIS or CTOS history (loans unpaid more than 3 months), high commitment, or listed under Special Attention Account (SAA), the chances of getting the loan approved is much lower; or if approved it would be at a much lower approved amount or higher interest rate.
- Interest rate & payout: Koperasi loan’s interest rate is typically lower as the repayment is done through salary deduction. Usually koperasi loan does not disburse 100% of the loan amount to borrowers. Most of the payout can range between 80%-95%. This is after the deduction of takaful, stamp duty, initial monthly repayment and also shares or koperasi membership fees.
- Type of applicant: Koperasi loan is restricted to civil servants. Commercial bank loan is open to private sector employees, self-employed as well as public sector employees.
3 reasons to use koperasi loan
- Alternative for unsuccessful applications from a commercial bank loan
Koperasi loan is more lenient in its approval process. Borrowers with no credit history or negative CCRIS or CTOS record (e.g. SAA or more than 3 months overdue loan payments) and high financial commitment would stand a chance to get the loan approved. However, koperasi loan can only be extended where the salary deduction in the payslip is not more than 60% of the borrower’s gross income.
- To remove negative CCRIS/CTOS records by settling overdue loans
A poor repayment history of your loan or any loan guaranteed by you will result in negative credit record. If this happens, it is highly unlikely that a bank will approve your home loan, car loan or credit card application. Apply koperasi loan to settle any overdue debts to help get rid of your negative CCRIS/CTOS records.
- Consolidate credit card debts with low interest koperasi loan
Even with a good credit history, a koperasi loan might benefit you in terms of reducing your debt burden. If you have any outstanding credit card debts with an interest of 15%–18% per annum or a personal loan with a high interest rate, you can consider using a lower interest rate koperasi loan to consolidate and pay off these expensive debts.
Experience now a better way to borrow
*Terms and conditions apply. Cash rebate is payable by Direct Lending only upon approval and disbursement of the financing. The financing profit rates range from minimum 3.99% p.a. to maximum 9.99% p.a. Tenor of the financing offered is between minimum 1 year and maximum 10 year. As a representative illustration, for a RM10,000 amount borrowed for 10-year at an annual profit rate of 3.99% p.a., the total amount payable at the end of the tenor is RM13,990.
** 2 working days turnaround time is measured from the point when RCE receives all the relevant documents from you to the point where funds are deposited into your bank account. 2 working days turnaround time is only possible, but NOT guaranteed, if all the following conditions are met:
- All documentation provided by you are satisfactory and complete with no additional documents or follow-ups required following the initial submission;
- RCE must be able to contact you and your employer for the necessary verification within 24 hours from receiving your complete documentation and the verification must be successful; and
- The bank account that you have requested to deposit the loan proceeds must be maintained with Maybank.
In all other circumstances, the turnaround time will take longer than 2 working days.
