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MONTHLY
BULLETIN - April 2009 - For
Members Only
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Dividend Cheques Ready for
Collection:
Members who have opted for
payment of dividend (by cheqye) may collect their cheques from the
office on or after
1 April 2009
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New Load Quantum
Effective from 20 April 2009,
the quantum for new loans has been
increaded.
The table below shows the new
loan
quantum and comparison of old and
new loans:
1. The quantum for Surety loan has been increased form RM15,000/- to
RM25,000/-
2. The interest rates of between 6% and 7% have been reduced to
between
4.8% and 5.5%.
3. The repayment period has been increaded from 72 months to 96
months.
4. Loan application is made easy and hassle free with minimum surety
requirement.
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Type
of Loan
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Amount
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Repayment
Period
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Interest
Rate
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Monthly
Repayment
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No of
Surety
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Old
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New
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Old
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New
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Old
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New
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New
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New
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Subscription
Loan
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10,000.00
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80% of paid up subscription
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60 m
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72 m
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5% pa
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4.8% pa
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on amt
applied
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Nil
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Surety Loan
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10,000.00
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25,000.00
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60 m
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96 m
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6% pa
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5.5% pa
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374.58
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Two
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Emergency Loan
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3,000.00
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3,000.00
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30 m
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48 m
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6% pa
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5.5% pa
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76.25
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One
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Consumer Purchase /Tour Scheme
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8,000.00
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10,000.00
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60 m
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72 m
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7% pa
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5.5% pa
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183.83
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Two
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Tyre / Battery /
Repair Scheme
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3,000.00
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5,000.00
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20 m
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48 m
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7% pa
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5.5% pa
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126.91
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One
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Road Tax / Insurance Scheme
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1,500.00
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2,000.00
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10 m
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12 m
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7% pa
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5.5% pa
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175.16
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One
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Family Special / Back to School
Loan
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1,000.00
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2,000.00
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10 m
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12 m
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6% pa
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4.8% pa
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174.00
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One
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<2,000.00 - no surety required
>2,000.00 - 5,000.00 one surety required
Note: all adjustments for loans will be done in the first month of
deduction
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