FINANCING CONCEPT
Express Loan is a personal loan issued by Koperasi UTM Berhad – KUTMB with the aim of providing financial assistance to members who are in emergency or reasonable matters that may be considered.
The maximum loan approved is RM1,000.00 whereby repayment is made via salary deduction of RM107.00 per month and the maximum tenure is 10 months.
The scheme is implemented in accordance with the”Qardhrul Hassan”method, which is to pay a certain amount of money and the member is required to repay within a certain period of the same amount.
This welfare loan only charges RM70.00 to successful applicants.
TERMS AND CONDITIONS
- The applicant must be a member of Koperasi UTM Berhad (KUTMB).
- The number of member salary deductions, including previous loan deductions must not exceed 70% of the member’s salary.
- The total share capital must be rm1000.00.
APPLICATION PROCEDURE
- Obtain the loan application form from Koperasi UTM Berhad (KUTMB) office.
- Fill in the application form and attach it together: A copy of the applicant’s Identity Card, a copy of the applicant’s latest Salary Statement (without guarantor) and relevant documents such as supporting letter, etc.
- Submit the application form and related documents to the nearest Koperasi UTM Berhad (KUTMB) office.