Good news for Teachers and supporting staff of Government schools. If you are in need of cash to settle your long outstanding credit card balance or simply to top up your 10% down payment to your dream home, or whatever. You can now apply personal loans from Malaysia Building Society Berhad (MBSB), a subsidiary company of EPF.
EPF firm offers loans to gov’t school teachers
2nd July, 2009KOTA KINABALU: In honour of teachers and supporting staff of government schools, MBSB, a subsidiary of KWSP (Employees Provident Fund), is offering personal loans at fixed interest rate of five per cent and a repayment period from two to 15 years, said its Sabah branch manager Terrence Adrian Mojingol.
The offer is for a limited time only from now until 15 August.
The minimum loan is RM3,000 up to a maximum of RM150,000. The borrower must be a permanent staff, earning at least RM700 a month. Loan application is hassle free and does not require a guarantor. Moreover, approval is fast.
Repayment is by salary deduction from as low as RM29 a month over 15 years for a RM3,000 loan.
This product is known as Personal Financing-I (Islamic) or Pembiayaan Peribadi-i.
Borrowers are also given group insurance coverage under Takaful Insurans.
MBSB has branches at Kota Kinabalu, Sandakan and Tawau. Its officers are also visiting schools in rural areas where MBSB has no presence, according to Mojingol.
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