The Koperasi Polis Diraja Malaysia Berhad (KPD) or Royal Malaysian Police Cooperative Limited was established on 24 April 1928 in Kuala Lumpur, Malaysia. Its primary objective is to alleviate the financial burdens of the police department staff by creating a cooperative for business borrowing and lending, also called “pinjaman Koperasi Polis”.
The Royal Malaysian Police Cooperative Limited has assets up to RM 720 million at book value. They offer various types of loans, as listed below:
Loan Without Guarantor (Pembiayaan Tanpa Penjamin)
- Maximum Loan Amount: RM150,000.00
- Tenure: 10 years (120 months)
- Interest Rate: 3.8% – 4.5%
Loan With Guarantor (Pembiayaan Berpenjamin)
- Maximum Loan Amount: 12 months salary or savings fees or RM10,000.00
- Tenure: 5 years (60 months)
- Interest Rate: 4.50%
Express Loan (Pembiayaan Express)
- Maximum Loan Amount: RM5,000.00
- Tenure: 2 years (24 months)
- Interest Rate: 4.95%
Loan On Fees (Pembiayaan Atas Yuran)
- Maximum Loan Amount: 80% of savings fees
- Tenure: 5 years (60 months)
- Interest Rate: 3.80%
Consumer Loan (Pembiayaan Konsumer)
- Maximum Loan Amount: RM50,000.00
- Tenure: 10 years (120 months)
- Interest Rate: 5.50%.
These loans are designed to provide financial convenience to members and reduce their financial burden. The cooperative offers various financing facilities to achieve this objective.
In addition to the official KPD offerings, there’s also information about Pinjaman Koperasi Polis, which is another loan offering with different interest rates based on the tenure of the loan:
- For financing up to 24 months (2 years), the interest rate is 4.95%.
- For financing up to 36 months (3 years), the interest rate is 5.25%.
- For financing from 48 months (4 years) to 120 months (10 years), the interest rate is 5.50%.
The Koperasi loan, in general, is known for its lenient approval process when compared to a commercial bank, mainly due to the repayment being made via salary deduction. Many cooperatives accept borrowers with no credit history or a negative CCRIS or CTOS.
These loan services and rates provide a range of options for members of the police force to access financial resources according to their needs and circumstances.