Loan Module

What are the qualifications for officer lets create car loan?

1. The amount of monthly deductions for the purchase of the vehicle shall not exceed 1/3 of the salary members and the sum of all his salary deductions shall not exceed 60% of the total basic salary and allowances;
   
   
2. The interest rate that is a total of 4% per annum;
   
   
3. This financing scheme offered to all public servants permanent or who served in contract and allowed to each vehicle loans five years with conditions previous funding is complete. For the officer in trial period or serve in contract are required to prepare two sureties that has been confirmed in service;
   
   
4. Minimum income for car loan application is RM 320.00 per month (special approval must be obtained for less than RM1, 320);
   
   
5. Vehicle financing agreement is required stamped adequately based on the amount of Government funding where for each RM 500.00 or part thereof RM2.50;
   
   
6. For the purchase of used car shall assessed valuation and issuance of certificate vehicles by public works Mechanical Engineer;
   
   
7. A member who gets financing purchase of vehicles shall deliver a receipt/invoice for a vehicle to the dibelinya approved the application within 30 days after the cheque payment is receivedtogether with a note of takaful (cover note) or certificate of vehicle (comprehensive) and the register of vehicles was noted.

What are the qualifications to enable them to make a loan officer with the computer?

1. Maximum financing amount is RM5, 000 and will be calculated to the nearest hundreds and digit;
   
   
2. The amount of the monthly deduction for the purchase of a computer should not exceed 1/3 of the salary of members and number of all his salary deductions shall not exceed 60% of the total basic salary and allowances;
   
   
3. Interest rate is 4% per year;
   
   
4. This financing scheme offered to all members of the permanent civil service and allowed to make computer loans once every five years on the condition that previous funding is complete. For officers in the trial period are required to provide two sureties that have been confirmed in service;
   
   
5. The repayment period shall not exceed 48 months;
   
   
6. Computer financing agreement is required adequate based on the stamped copy of the amount of Government funding where for every RM 500.00 or part thereof RM2.50; and
   
   
7. A member who gets financing buy computers shall deliver a receipt/invoice for a computer dibelinya to the approve the application within 30 days after the cheque payment is received.

What is the limit of eligible loans borrowed for car loan?