Public Islamic Bank – MCCM

Public Islamic Bank Personal Loan - MCCM Easy, Cheap and Worth it

  • Fixed rate as low as 3.99%
  • Payout as high as 98%
  • No need for employer's signature stamp for existing customers
  • For civil servants & statutory bodies
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Getting to know Public Islamic Bank – MCCM

This personal loan is provided by Public Islamic Bank (a subsidiary of Public Bank) with a salary deduction by MCCM Resources Sdn Bhd through Biro Angkasa. This loan is one of the personal loans that offers the lowest interest rates and high payouts to civil servants through salary deductions.

Special Loan Features

  • Personal loan from Public Islamic Bank
  • Financing amount up to RM350,000
  • Financing period from a minimum of 2 years to a maximum of 10 years
  • The profit rate of 3.99% remains flat for loans of RM200,000 and above, a flat 4.65% for loans from RM50,000 to RM200,000 or 5.20% for loans under RM50,000
  • Payout as high as 98%
  • Payment through Space Bureau (by MCCM Resources Sdn Bhd)
  • No member fees, no processing fees
  • No guarantor or collateral
  • Shariah concept financing
  • Financing covered by Takaful
  • Process 1-2 weeks

Applicant Requirements

  • Malaysian citizens aged between 20 and 56 years
  • Government employees, statutory bodies or selected GLCs (except Military Members)
  • Permanent position and has served for a minimum of 1 year (or 6 months for the Ministry of Health, Education, Finance, Transport, Home Affairs and the Prime Minister's Department)
  • Fixed monthly income of minimum RM1,500 including fixed allowance
  • There can be no "special attention" account in CCRIS, bank loan arrears cannot exceed 2 months
  • Debt holders with PTPTN are eligible to apply

Promotion plans made for you

Achieve your dreams today

Want to buy or renovate a house? Starting or expanding a business? Paying off student loans? Enjoy this cheap and worthwhile personal loan to achieve any dream you have.

Lighten your debt burden by paying off credit card debt that pays 18% per year or expensive loans with this affordable personal loan from Public Islamic Bank. Rates are only from 3.99% fixed per annum

Direct Lending is an online personal loan platform that offers bank & cooperative personal loans that are fast, easy, safe and affordable. 100% free. Achieve your dreams today with us.

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We aim to best address your financing needs, only working with reputable banks and koperasi

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Helping you from A-Z with our dedicated loan consultants. Know your rate instantly & receive your funds as fast as 2 working days*

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What our Happy Customers Say

You could be next

Naimah Naimah
10 January 2024
Good
Mr JJ
10 January 2024
Direct lending memang terbaik..sangat mudah & senang berurusan dengan cik rina yg banyak membantu dari awal proses permohonan..
wan mohd faris
9 January 2024
Excellent service,fast approval
Nasruddin Ramlee
9 January 2024
Memudahkan urusan..lain kali boleh apply lagi👍👍👍
Amirul Ashraf
9 January 2024
Very good and fast
SURIAYANI MOHD KAMAL
9 January 2024
Thank you for excellent service and prompt action. Can be trusted 100%.
Suzianah Sinu
9 January 2024
Saya tak sangka bole lulus loan ni, sebelum ni dh cuba banyak tempat.. kat aeon tak lepas, kat JCL pun tak lepas dan banyak cuba tempat kredit komuniti lain.. bukan tak lepas cuma kredit komuniti pegang kad, dan saya tak suka kad saya kena hold.. tapi alhamdulilaa, setelah mencuba loan dekat direct lending, saya lulus dgn amoun 10k, sungguh tak sangka.. alhamdulilaa rezeki saya, so kwn2 kat luar yg nak buat loan tu bole laa ke direct lending..senang, mudah, tak pegang kad, mesra pelanggan.. recommende laa direct lending ni.. saya bagi 10bintang.. terbaikk !!
Adylla Azwar
9 January 2024
1st time dengar direct lending dr group page fb tp ms tu ingat hnya utk pekerja makan gaji sahaja. Ms servis kereta di fendy auto, ada banner tentang pay later direct lending utk servis auto.. cuba apply dan lulus. Servis pantas, dokumentasi ringkas dan pemprosesan cepat dan cs sangat membantu dan respon pantas. Terima kasih direct lending

Frequently Asked Questions

What is Public Islamic Bank - MCCM personal loan? Is this loan a Shariah concept?

Public Islamic Bank - MCCM personal loan is an unsecured personal loan. This means you do not need to provide collateral or guarantor to apply for this loan. Public Islamic Bank - MCCM personal loans are based on the Sharia concept.

You can apply for a personal loan from Public Islamic Bank - MCCM for any purpose such as renovating a home, buying a vehicle, starting or expanding a business, paying medical bills or paying off your expensive debt.

Am I eligible to apply for a personal loan from Public Islamic Bank - MCCM?

You are eligible to borrow if you are a civil servant in Malaysia and:

  • A Malaysian citizen aged between 20 and 56 years
  • Hold a permanent position and serve at least 1 year in the public sector or 6 months for the Ministry of Health, Education, Finance, Transport, Home Affairs and the Prime Minister's Department
  • Minimum gross income of RM1,500 including fixed allowance
  • Not declared bankrupt and able to repay the loan
I have a high off-payroll commitment. Can I apply for this loan?

Public Islamic Bank personal loan – MCCM will calculate your external commitment. Examples are car loans, credit cards, home loans and others. So you need to settle the debt commitment before applying for this loan.

I have a CCRIS/CTOS problem. Can I apply for this loan?

For borrowers who have problems with CCRIS records, Public Islamic Bank - MCCM accepts but with the condition that the financing arrears cannot exceed 2 months. CCRIS records also cannot have Special Attention Account (SAA - Special Attention Account) records. For the CTOS problem, trade references or CTOS records exceeding RM1,000 are not eligible to apply for this loan.

I am under the AKPK Credit Management Program. Can I apply for this loan?

Public Islamic Bank - MCCM personal loans do not accept borrowers listed under the AKPK Credit Management Program.

How much loan amount and duration can I apply for?

The maximum loan amount that can be borrowed is RM150,000. The loan period is from a minimum of 2 years to a maximum of 10 years.

How is this loan repayment process?

Your loan is repaid monthly through automatic salary deductions processed by Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA).

My salary deduction is over 60%, can I apply for this loan?

For personal financing, one of the general eligibility conditions that have been set is a salary deduction not exceeding 60% unless the cooperative provides some flexibility. In fact, there are other factors that can affect whether your loan application is approved or not, such as your credit record and debt service ratio. For example, you can try to apply for a personal loan even if your salary deduction is more than 60% but your credit record and DSR are good.

What documents do I need to prepare to apply for a Public Islamic Bank - MCCM loan?

The required documents are:

  • Copy of MyKad identification card (front and back)
  • 3 months latest salary slip statement (certified true by the employer)
  • Employment confirmation letter
  • A copy of the latest bank statement with your monthly salary credit
How long does it take before the loan is credited to my bank account?

The Public Islamic Bank - MCCM personal loan application process is around 1-2 weeks. Please note that times shown are based on best efforts and are not guaranteed under any circumstances.

What is the personal loan rate of Public Islamic Bank - MCCM?

The fixed profit rate of Public Islamic Bank - MCCM personal loans is 3.88% for loans above RM100,000 and 4.35% for loans below RM100,000.

What are the charges for Public Islamic Bank - MCCM personal loans? This loan has member fees?

No member fees or processing fees will be charged for Public Islamic Bank - MCCM personal loans.

Are any down payment installments required?

For Public Islamic Bank - MCCM personal loans, no advance installment payment is required.

How much in hand will I receive with this loan? What amount of funding will I receive?

The total payout or financing amount you can receive is as high as 98%. The amount of financing you will receive will be determined by the Public Islamic Bank - MCCM.

Does this loan have Takaful protection?

Public Islamic Bank - MCCM personal loans have Takaful protection.

I already have an active Public Islamic Bank - MCCM personal loan, can I make an Overlapping Facility for this loan?

Yes, you can make an overlap loan for a Public Islamic Bank - MCCM personal loan.

What will happen if I pay late?

If you are late paying the monthly payment, you will be charged a late payment fee every month on the unpaid amount as stated in your financing agreement with the Public Islamic Bank - MCCM personal loan.

Can I make an advance payment for my personal financing?

Yes, you can make an initial explanation for Public Islamic Bank - MCCM personal financing.

How can I apply for a personal loan from Public Islamic Bank - MCCM?

Check your eligibility through the Direct Lending platform and we will help you choose the best personal loan that suits your needs. Our experienced loan consultants will contact you and help you with the loan application process from AZ.

Apply and check your eligibility 100% free. No hidden charges or processing fees. To apply, click HERE .

* Subject to the terms and conditions. Public Islamic Bank's maximum financing profit rate is 3.88% for financing RM100,000 and above or 4.35% for loans up to RM100,000. The financing period is between a minimum of 2 years and a maximum of 10 years. As an illustration, for a financing of RM10,000, for a period of 10 years at a profit rate of 4.35% pa, the repayment amount at the end of the period is RM14,350.