RM
year(s)
RM
- You Pay
- RM 89 /mth
- Profit Rate
- Total Profit Payable
- RM 70
- Total Payment
- RM 1,070
MCCM Resources Public Islamic Bank Personal Financing
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- Profit Rate
- 4.25% p.a. ~ 4.65% p.a.
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- Max. Financing Amount
- RM 150,000
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- Approval Duration
- 1-2 Weeks
MCCM Resources Loan Calculator
Key Features
Low interest rates
Fast turnaround time
Even semi-government employees from TNB and POS Malaysia can apply
More details
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Features- Approval Duration
- 1-2 Weeks
- Min. Financing Amount
- RM 5,000
- Max. Financing Amount
- RM 150,000
Other features
- Profit Rate
- As low as 4.25%
- Min. Financing Tenure
- 2 years
- Max. Financing Tenure
- 10 years
- Debt Consolidation
- No
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Eligibility & Required Documents- Employment Eligibility
- Permanent Government employees, statutory bodies or selected GLCs (EXCEPT ARMY)
- Age Requirement
- 21-56 years old
- Min. Monthly Salary
- RM 1,500
Other eligibility requirements
- Financial Background
- Debt holders with PTPTN are eligible to apply. Cannot have Special Attention (SA) in CCRIS report and bank loan arrears cannot exceed 2 months.
- NRIC
- Copy of IC (front and back) [verified by employer]
- Payslip
- Copy of latest 3 months payslips [verified by employer]
- Bank Statement
- Copy of latest 3 months bank statement [if not AG customers]
- Confirmation Letter
- Confirmation letter by employer
- Application Form
- A full set of application forms & agreements
- Angkasa Form (Blue Form) or Letter of authorization
- Angkasa Form (Blue Form) or Letter of authorisation to deduct salary
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Fees and charges- Processing Fees
- Free
Other fees and charges
- Late Payment Charges
- N/A
- Annual Fee
- N/A
Still unsure about which product best suits you?
Leave your details and our friendly agents will get back to you!
How do you apply for a personal financing online?
Step 1
Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.
Step 2
Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.
Step 3
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
Read more about Islamic Personal Financing
More details about the product
This is a cooperative loan provided by Ambank Islamic (a subsidiary of Ambank) with salary deduction services provided by MCCM Resources Sdn Bhd. It is open to all Permanent government employees, statutory bodies or selected GLCs (EXCEPT ARMY) including those that have hits on their credit score (CCRIS) due to missed PTPTN or other loan payments.
Borrow up to RM150,000 with a tenure of up to 10 years. Also get interest rates as low as 4.25% per annum.
Unlike many other government cooperative loans, this is also available to employees of Telekom Malaysia and Pos Malaysia.
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The maximum amount you can apply for with MCCM Resources Public Islamic Bank Personal Financing is RM150,000 and the maximum years of tenure you can apply for is 10 years.
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MCCM Resources Public Islamic Bank Personal Financing is only open for permanent government/semi-government employees from 21-56 years old or one year before retirement, and with at least RM1500 monthly salary.
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The interest rate depends on the amount of your loan. 4.25% flat rate for loans of RM100,000 and above; and a flat 4.65% for loans under RM100,000. The payout for the loan is 98% of the loan amount.
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MCCM Resources Public Islamic Bank Personal Financing offers only one repayment method, which is automatic salary deduction.
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If your CCRIS/CTOS/Credit score has taken a hit over the years due to missed PTPTN payments or other loan payments, you can still apply for this loan. As long as you are a government/semi government employee.
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