Loan Product Adjustments

Loan Product Adjustments

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
1 Commodity Loan 250,000.00 2.50% 36
2 Education Loan 50,000.00 2.50% 12
3 Premium Loan Twice Member Savings 2.50% 24
4 Ordinary Loan 50% Saving + 50% Gratuity/100% Savings 1.50% 36
5 Emergency Loan 15,000.00 3.00% 5
6 Building Loan 300,000.00 1.50% 36
7 Rental plus Loan Three Times Basic Pay 3.00% 24
8 Family Holiday Loan 40,000.00 2.50% 10
9 Home Improvement 50,000.00 2.00% 12
10 Water Solution loan 50,000.00 2.00% 12
11 Vehicle Loan 250,000.00 1.50% 24
12 Vehicle Insurance Quotation Amount (Not more than 50,000) 2.50% 12
13 Land Purchase 250,000.00 1.50% 24
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