For Retired Members
Retired members can apply for a
RM10,000.00 loan with immediate effect. This loan is implemented in
response to popular demands by retired members and a final decision was
reached at the members’ seminar held at the Genting Highlands in July
Members who wish to apply for this loan are required
to submit the standing order instruction from the Bank where they draw
their pensions for remittance of monthly repayments to the co-operative
and provide 2 sureties as per Rule 21(b) of the Co-operative Rule.
The repayment for a RM 10,000.00 loan over a period
of 96 months is only RM 149.83 per month. Shorter repayment period or
lesser loan quantum can be arranged.
Below is the
repayment schedule for loans of RM
5,000.00 to RM 10,000.00 for your reference.