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Personal Financing (Private Sector)

Special personal financing for our valued co-operative members based on ‘Tawarruq’ syariah concept. ‘Tawarruq’ consists of two sale and purchase contracts where the first involves the sale of an asset to a purchaser on a deferred basis and the subsequent sale involves sale of the asset to a third party on a cash basis.

“TAWARRUQ” KOP FUND*

     Small scale personal financing for our co-operative members.
     Financing from RM2,000.00 up to a maximum of RM10,000.00
     Fixed profit rate of 8% per annum
     Repayment period up to 5 years.
     Repayment only through salary deductions or Biro Angkasa
     Open to selected private sectors.
     Based on ‘Tawarruq’ islamic financing and protected by Takaful insurance coverage.
     Systematic and fast approval process according to standards.
     Aims to ease financial difficulties of members in time of need.
     Membership of six months and above is required to be eligible for this product.

* Subject to Terms & Conditions.

“TAWARRUQ” EXPRESS CASH FUND*

     Small scale personal financing for our co-operative members.
     Maximum financing up to RM7,000.00.
     Fixed profit rate of 10% per annum.
     Repayment period up to 5 years.
     Repayment only through salary deductions or Biro Angkasa
     Open to selected private sectors.
     Based on ‘Tawarruq’ islamic financing and protected by Takaful insurance coverage.
     Systematic and fast approval process according to standards.
     Aims to ease financial difficulties of members in time of urgent needs.
     Membership of six months and above is required to be eligible for this product.

* Subject to Terms & Conditions.

General Terms & Conditions

     Applicant must download and complete all forms.
     Use of black or blue ink pen is allowed.
     Approval for personal financing is subject to receipt of completed original application forms and other supporting       documents as stated in the personal financing application forms by Koperasi NUCW Berhad.
     Applicants might be required to submit additional supporting documents for approval as deemed necessary       by Koperasi NUCW Berhad.
     Koperasi NUCW Berhad reserves the absolute right for the final approval of the personal financing applications.
     Subject to other terms & conditions as determined by Koperasi NUCW Berhad from time to time.

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