Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP)​

Discover the best Tawarruq financing opportunities of up to RM200k provided by Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP). Find out more about this cooperative and explore the financing options available to meet your needs.

About KOPJCORP

Establishment and Reactivation

Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP) was established on 14 October 1978, primarily comprising employees within the Johor Corporation group. However, it was reactivated on 1 October 2013, widening its membership scope to include employees from group-affiliated companies. This strategic move aimed to enhance socio-economic conditions and offer diverse benefits to cooperative members. Over the years, KOPJCORP has ventured into various business activities, including personal loans, oil pumps, and supermarkets.

Membership Application Process

Membership with Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP) is accessible to all employees under Johor Corporation and its subsidiary entities. Prospective members need to submit the Member-i application form along with the following payments:

• Entrance Fee: RM10
• Share Capital: RM100
• Monthly Fee (Contribution): RM30 (minimum)

Payment methods include cash or salary deductions.

Membership Requirements

As per Sections 26 and 27 of the Act, individuals aspiring for membership in this cooperative must meet specific criteria:

• Malaysian citizenship
• Minimum age of eighteen years
• Residency, employment, or land ownership within the cooperative’s operational area
• Absence of any convictions for registrable offenses, mental incapacity, ongoing bankruptcy, or prior removal from any cooperative membership within the past year.

It’s essential to note that contributions made are non-withdrawable unless members resign or are relieved of their membership, as stipulated by the By-Laws of Koperasi Kumpulan Johor Corporation Berhad. This ensures the smooth functioning of the cooperative and upholds its financial stability.

Personal Loan Packages

Introduction

Personal Financing-i (Tawarruq) from Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP) aims to provide cooperative members from the Johor Corporation group with financing facilities for personal use. With financing limits ranging from RM2,000.00 to RM200,000.00, this facility offers flexible options to cater to various financial needs.

Key Features

• Financing Amount: Ranges from a minimum of RM2,000 up to a maximum of RM200,000.
• Profit Rate:
  • 5.5% for repayment periods of 1 to 3 years
  • 6.0% for repayment periods of 4 to 10 years
• Repayment Period:
  • 1 to 10 years for permanent employees
  • Based on the remaining contract period for contract employees
• Repayment Method: Through salary deductions.
• Processing Fee:
  • RM50 for financing from RM1,000 to RM9,000
  • RM100 for financing from RM10,000 to RM200,000
• Guarantor: One guarantor required for each application.
• Takaful Protection: Approved financing will be protected by Takaful in the event of death or permanent disability of the applicant.
• Approval: Subject to the Financing Committee’s approval.

Eligibility Criteria

To qualify for this financing, cooperative members must meet the following criteria:

1. Membership: Must be a member of the cooperative for at least 6 months.
2. Share Capital: Must have paid a Share Capital of RM100.00.
3. Contribution: Must have contributed to the Share Capital for at least six months, totaling RM180.00 (RM30.00 x 6 months).
4. Employment: Must have served in Johor Corporation or its group companies for at least one year.
5. Affordability: Salary deductions should not exceed sixty percent of the total income, and eligibility is subject to Credit Rating qualifications.
6. Minimum Salary: Net salary after deducting financing repayments must be at least RM1,000.00.
7. Credit History: Should have no outstanding credit reports; however, management may consider approval if there are arrears under certain circumstances.

Contact Koperasi Kumpulan Johor Corporation Berhad (KOPJCORP)

Koperasi Kumpulan Johor Corporation Berhad KOPJCORP
Level 18, Menara Komtar, Centre, Johor,
80000 Johor Bahru, Johor

Tel: 07-364 4922 / 07-364 4922 (Daftar Anggota)

E-mel: kopjcorp@jcorp.com.my