Personal Loan UitmKoop Koperasi Kakitangan UiTM Berhad
UitmKoop or Koperasi Kakitangan UiTM Berhad is offering staff personal loan with interest rate as low as 4% and max RM150,000 or 25x gross salary. View promotion and other cooperative info here.
Personal Loan UitmKoop Koperasi Kakitangan UiTM Berhad Summary
- Koperasi Name: Koperasi Kakitangan UiTM Berhad
- Abbreviation / Code Name: UitmKoop
- Koperasi Promotion Name: General Info about Personal Loan UitmKoop Koperasi Kakitangan UiTM Berhad
What is the type of personal loan offered by UitmKoop Koperasi Kakitangan UiTM Berhad
There are 5 types of personal loans offered by UitmKoop Koperasi Kakitangan UiTM Berhad as follows:-
- Guaranteed cash financing
- Consumer financing
- Cash financing 90% contribution
- IPT financing
- Emergency financing
About Personal Loan UitmKoop Koperasi Kakitangan UiTM Berhad
Koperasi Kakitangan UiTM Berhad UitmKoop was established to increase the economic interests of its members in accordance with the principles of cooperatives. In addition, cooperatives were also established to assist UiTM staff who are members of cooperatives. Therefore, the cooperative has provided a network of activities that allow each of its members to enjoy facilities and services in the form of welfare or simple dependents.
The main function of this cooperative is to carry out activities:-
The principles of membership are: –
- Voluntary and open membership
- Democratic control by members
- Economic involvement by members
- Autonomy and freedom
- Education, training and information
- Cooperation between cooperatives
- Caring for the community
The benefits obtained by members are:-
- Creating savings for savings and investment purposes.
- Keep a portion of the income and give loans for beneficial purposes and bring profit to the members.
- Carrying out business and trade activities / including consumer functions.
- Buying, selling, transferring ownership, erecting, renting, pledging, leasing, mortgaging and owning movable and immovable property.
- Invest excess money in matters permitted under section 54 of the Act.
- Participate in joint ventures with cooperatives or private companies and become a member of other Cooperatives.
- Carry out insurance activities for members and non -members.
Koperasi Kakitangan UiTM Berhad UitmKoop - Cooperative Membership
Open to UiTM staff fixed paid salary and cooperative staff including staff in its subsidiaries
Must be a Malaysian citizen, resident in the cooperative’s area of operation, no conviction and mental ability.
Application and Payment
Entrance fee is charged at RM 10.00 and former members who apply to become members again are charged RM 50.00.
Guaranteed Cash Financing
This Guaranteed Cash Financing requires a guarantor consisting of eligible members of the Cooperative to guarantee subject to the conditions set by the Cooperative.
UiTM Berhad UitmKoop Staff Cooperative Personal Loan Eligibility
For Guaranteed Cash Financing, the eligibility for UiTM Berhad UitmKoop Staff Cooperative Personal Loan is 25 months basic salary or RM150,000.00 whichever is less, subject to the member’s existing deduction not exceeding 60% of basic salary, interest rate is 4% and 5% and maximum financing reached RM 150,000.00.
Consumer Financing (Goods)
Consumer Financing (Goods) requires a guarantor consisting of eligible members of the Cooperative to the conditions set by the Cooperative.
For Consumer Financing (Goods), the eligibility for Koperasi Kakitangan UiTM Berhad Staff Personal Loan is 25 months basic salary or RM150,000.00 whichever is less, subject to the member’s existing deduction not exceeding 60% of basic salary, interest rate is 4% and 5% and the maximum financing reaches RM 150,000.00.
Cash Financing 90% Contribution
Cash Financing 90% Contribution does not require a guarantor but the Koperasi Kakitangan UiTM Berhad UitmKoop Staff Personal Loan guarantee is up to the member’s contribution. Subject to the conditions set by the cooperative.
- For Cash Financing 90% Accumulated Contribution, the eligibility is 90% of the total accumulated contribution.
- Interest rates 4% and 5%.
- Calculation of Eligibility = Total Contribution x 90% = Eligibility.
IPT Loan and Emergency Loan
This Koperasi Kakitangan UiTM Berhad UitmKoop IPT Personal Loan is provided for members or dependents who wish to continue their studies at institutions of higher learning. Subject to the conditions set by the cooperative
- For IPT financing, the eligibility to apply is up to RM2,500.00.
- Each member is eligible to apply once for one child only.
- Interest rate 4% per annum.
Pinjaman Kecemasan Koperasi Kakitangan UiTM Berhad
The Board may immediately approve the Personal Loan Koperasi Kakitangan UiTM Berhad UitmKoop Staff emergency loan application to members who apply provided that the financing does not exceed RM1,000.00 per year. Approval of the application is based on tangible evidence supported by valid documents.