Please be notified that in line with the changing macroeconomic environment, CareCoop has revised the terms and conditions for all of its loan products.
This was done with the view of ensuring the continuity of the Cooperative and the ability to sustainably meet the demand of our members.
Please click here to view new product terms.
In addition to these changes, CareCoop has further revised the turnaround time for loans as follows:
Please proceed to download our new Loan Application Form for all your loan application requests.
Should you seek further clarity, do not hesitate to get in touch with us via our designated communication channels.
Thank you for your partnership.
|No||Loan Product||Maximum Amount||Monthly Interest Rate||Maximum Tenure|
|3||Premium Loan||Twice Member Savings||2.50%||24|
|4||Ordinary Loan||50% Saving + 50% Gratuity/100% Savings||1.50%||36|
|7||Rental plus Loan||Three Times Basic Pay||3.00%||24|
|8||Family Holiday Loan||40,000.00||2.50%||10|
|10||Water Solution loan||50,000.00||2.00%||12|
|12||Vehicle Insurance||Quotation Amount (Not more than 50,000)||2.50%||12|
|14||Care Coop Land Loan||CareCoop Market Value||1.50%||36|
|15||Loan Consolidation||Total Loans Consolidated||3.00%||24|
|16||Share Financing Loan||CareCoop Share Value||3.00%||12|
|17||Medical Insurance Premium||Quotation Amount (Not more than 50,000)||2.50%||12|