Koperasi Tentera (KT): Personal Loans

Personal loans from Koperasi Tentera (KT) are financing options specifically for the armed forces (anggota tentera Angkatan Tentera Malaysia (ATM)). Get information about loans, procedures, cooperative contact numbers, and other details exclusively on our page!

Personal Loan Koperasi Tentera (KT)

You can apply for personal financing with Koperasi Tentera and enjoy great packages tailored for your needs.

Financing

Koperasi Tentera (KT) is your trusted choice for personal financing. Our Shariah-compliant banking solutions are designed to meet individual needs, guided by strong Islamic principles.

Personal Loan Koperasi Tentera (KT) – With Guarantors

Specifications for Personal Loans with Guarantors

• Financing Amount: Maximum of RM200,000
• Financing Tenure: From 6 months to a maximum of 120 months
• Profit Rate: 5.65% per annum
• Processing Period: 5 working days

Eligibility

• The total amount borrowed does not exceed 20 times the applicant’s gross income (salary and fixed allowances) or 60% of total deductions allowed, whichever is lower.
• Applicants must have paid an entry fee of RM10 (RM20 for re-entry), a minimum share capital of RM100, and 6 months’ fees, totaling RM180.

Guarantor Terms

• For financing of up to RM15,000, one guarantor is required.
• For financing above RM15,000, two guarantors are required.
• Guarantors must be members of the cooperative and still on active duty with the Malaysian Armed Forces.
• For Non-KEMENTAH Members, two Armed Forces personnel must act as guarantors.

Monthly Fee

• For financing of up to RM15,000: RM30 per month
• For financing between RM15,001 – RM200,000: RM40 per month

Service Charges

• New financing: RM10
• Overlap financing: RM50
• CTOS/CCRIS Check: RM5/RM7
• Stamp duty: RM5 per one thousand ringgit or part thereof

Personal Loan Koperasi Tentera (KT) – Without Guarantors

Specifications for Personal Loans without Guarantors

• Financing Amount: Maximum of RM100,000
• Financing Tenure: From 6 months to a maximum of 120 months
• Profit Rate: 3.65% per annum
• Processing Period: 5 working days

Eligibility

• Armed Forces personnel or civil servants employed by the Ministry of Defence, who have been confirmed in service and hold permanent positions.
• The applicant’s length of service must exceed the financing tenure or repayment period.
• Restricted to members who have held their membership for 5 years or hold the rank of Lance Corporal and above, or equivalent.

Conditions

• The total amount borrowed does not exceed 20 times the value of the applicant’s gross income (salary and fixed allowances) or 60% of total deductions allowed, whichever is lower.
• Repayment will include an additional 0.85% charge per annum on the approved financing to replace the guarantor (Al Kafalah concept).
• Applicants must have paid monthly fees for a minimum of 6 months (for new members) or 12 months (for re-entry).

Monthly Fee

• For financing of up to RM15,000: RM30 per month
• For financing between RM15,001 – RM100,000: RM40 per month

Service Charges

• New financing: RM10
• Overlap financing: RM50
• CTOS/CCRIS Check: RM5/RM7
• Stamp duty: RM5 per one thousand ringgit or part thereof

Koperasi Tentera Fees Financing

Specifications for Fees Financing

• Financing Amount: From RM600 to a maximum of RM100,000 or 90% of the total accumulated fees (whichever is lower).
• Financing Tenure: From 6 months to a maximum of 120 months.
• Profit Rate: 5.65% per annum.
• Processing Period: 3 working days.

Conditions

• Cumulative fees collected will be used as collateral (Ar-Rahnu concept).
• Applicants must have paid monthly fees for a minimum of 6 months (for new members) or 12 months (for re-entry). Membership must be confirmed for the same period.

Monthly Fee

• For financing of up to RM15,000: RM30 per month
• For financing of RM15,001 and above: RM40 per month

Service Charges

• New financing: RM10.00
• Overlap financing: RM50.00
• Stamp duty: RM5 per one thousand ringgit or part thereof

Note: For more information, visit the nearest Koperasi Tentera branch or contact the KT Customer Care Centre at 1-300-8000-58.