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Co-opbank Pertama Lestari Personal Financing-i (Public)

Co-opbank Pertama Lestari Personal Financing-i (Public) 

Min. Interest Rate3.45% p.a.
Max. Loan AmountRM 400,000
Max. Tenure10 years

Low-rate financing for civil servants with Lestari Personal Financing-i (Public)

Calculate your monthly repayment

Estimated monthly repaymentRM 390.83*At 3.45%Calculator Chart

Compare Your Financing Tenure with Your Financial Situation

We recommend choosing a longer financing tenure for flexibility, then making an early settlement to save on profit payments.

If you borrowIn this periodIn a month you will payAt this profit rate
Star BadgeYour Choice
RM 20,000		5yearsRM 390.833.45%p.a.
*Profit rate, monthly repayment, and total repayment amount displayed are estimates for illustrative purposes only. The actual financing terms, including the approved amount, and final profits are subject to assessment and approval by the lending party.

Fees and Charges

Profit RateAs low as 3.45% p.a.**Subject to terms and conditions
Stamp Duty
Exempted
Processing Fee
RM 100.00
Late Payment Fee
1.00% on such overdue amountPer annum
Early Termination Fee
Exempted

Eligibility

Min. IncomeRM 1,500per monthRM 18,000 per year
Who Can Apply?Malaysian citizens18 - 60 years old
Employment Status
  • Government, Statutory Body and GLC employees
Documents required to apply:You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
  • Copy of Identity Card (front and back)
  • Copy of the latest 3 months' payslips
  • EA Form (Annual Income Statement)
  • Letter of Employment Confirmation
  • Latest 3 months' bank statement
  • Letter of service termination or retirement age (if applicable)
  • Settle statement for other financing (if any)

Loan Repayment Table

Financing AmountFinancing TenureMin. IncomeProfit Rate
RM 10,000 - RM 400,00012 - 120 monthsmin. RM 18,0003.45% p.a.

Features

  • Competitive profit rates starting from as low as 3.45% p.a

  • Access the funds you need with flexible financing amounts up to RM400,000 to suit your goals

  • No guarantor or collateral needed

  • Fully Shariah-compliant financing structures

  • Only for Government, Statutory Body, and GLC employee with a fixed income

Terms and Conditions

Product Disclosure SheetView now
Product Terms and ConditionsView now

Product Review by CompareHero

What is Co-opbank Pertama Lestari Personal Financing-i (Public)?

Co-opbank Pertama Lestari Personal Financing-i (Public) is an Islamic financing product structured under the Tawarruq concept, designed for cooperative members in the public sector, statutory bodies, and selected public companies.

It can be used for goals such as education, medical expenses, or general financial needs. Financing goes up to RM400,000, with a repayment tenure of up to 10 years.

Why choose Co-opbank Pertama Lestari Personal Financing-i (Public)?

Co-opbank Pertama Lestari Personal Financing-i (Public) is built around a few features that stand out for public sector employees.

  • No collateral or guarantor is required.
  • Repayment tenure ranges from 1 to 10 years.
  • Profit rates start from 3.45% per annum.
  • Instalments can be repaid automatically through Biro Perkhidmatan Angkasa (BPA) or Employer Salary Deduction (PGM).
  • Takaful protection is available as an option, covering the outstanding balance in the event of death or total permanent disability.

How much can be financed under Co-opbank Pertama Lestari Personal Financing-i (Public)?

The amount an applicant can borrow is tied to their income bracket.

Applicants earning between RM1,500 and RM3,999.99 a month can access financing up to RM200,000, or based on the maximum allowable deduction, whichever is lower. Total financing can go up to RM400,000, subject to eligibility and the product's terms and conditions.

What is the profit rate for Co-opbank Pertama Lestari Personal Financing-i (Public)?

The rate applicants pay depends on which repayment method they choose.

For Government, Statutory Bodies, and GLC employees:

  • Biro Perkhidmatan Angkasa (BPA): 3.45% per annum
  • Employer Salary Deduction (PGM): 3.75% per annum

The tenure ranges from 1 to 10 years, subject to terms and conditions.

What are the financing details for Co-opbank Pertama Lestari Personal Financing-i (Public)?

Beyond the profit rate, a few other numbers determine what an applicant ends up paying.

Financing amounts range from RM10,000 to RM400,000. The final approved amount and profit rate, between 3.45% p.a. and 3.75% p.a., are determined by Co-opbank Pertama based on the applicant's income and credit profile.

The following fees apply:

  • Processing fee: RM100
  • Wakalah fee: RM50 per financing withdrawal, subject to SST
  • Late payment charge (Ta'widh): 1% per annum on the outstanding amount, calculated daily
  • Stamp duty: charged according to the Stamp Act 1949 (Revised 1989)

Who can apply for Co-opbank Pertama Lestari Personal Financing-i (Public)?

Eligibility is based mainly on citizenship, age, income, and employment type.

  • Must be a Malaysian citizen.
  • Aged between 18 and 60, or up to the retirement age.
  • Minimum gross monthly income of RM1,500.
  • Must be a permanent staff member of the Government (Civil Service), Statutory Bodies, or GLCs, with more than 3 months of service.
  • Contract doctors qualify with more than 1 year of service.
  • Contract staff of KEMAS and the Department of National Unity qualify with more than 2 years of service.

What documents are required for Co-opbank Pertama Lestari Personal Financing-i (Public)?

A standard set of documents needs to be submitted with the application.

  • Copy of identity card (front and back)
  • Latest 3 months' payslips
  • EA Form (Annual Income Statement)
  • Letter of Employment Confirmation

Supporting documents:

  • Latest 3 months' bank statements showing salary credit
  • Letter of service termination or retirement age, if applicable
  • Settlement statement for other financing, if any

Supporting documents must be submitted before the offer letter and agreement for Co-opbank Pertama Lestari Personal Financing-i (Public) are signed. If they aren't provided in time, the approved financing amount will be adjusted based on the documents already received.

Frequently Asked Questions (FAQ)

The Co-opbank Pertama Lestari Personal Financing-i (Public) is a Shariah-compliant facility specifically designed for public sector employees. Based on the Tawarruq concept, this financing plan serves as a high-limit solution for government staff, statutory body employees, and GLC workers who need significant capital for personal use or debt consolidation. Borrowers can access funds ranging from RM10,000 up to RM400,000, with a flexible repayment tenure that extends up to 10 years. Because this is an unsecured financing product, there is no requirement for a guarantor or collateral, making the application process more straightforward for eligible civil servants.
To apply for this personal financing-i, you do not need any guarantor or collateral. Plus, profit rates for this facility are highly competitive and are determined by the duration of the financing. For a short-term commitment of 1 to 3 years, the rate is set at 3.45% p.a., while longer tenures ranging from 4 to 10 years carry a rate of 3.75% p.a. To manage these repayments effectively, the bank utilises an automated salary deduction system through Biro Perkhidmatan Angkasa (BPA) or Employer Salary Deduction (PGM). This ensures that monthly installments are paid on time directly from your source of income, which helps maintain a healthy credit score. Additionally, applicants have the option to include Takaful protection, which provides a safety net by settling the outstanding balance in the event of death or total permanent disability.
This Co-opbank Pertama Lestari Personal Financing-i (Public) is open to: ● Malaysian citizens ● Aged between 18 and 60 years old or up to retirement age ● Must have minimum monthly gross income of RM1,500 or more ● Permanent staff member of Government (Civil Service), Statutory Bodies and GLCs (Government-Linked Companies) who have serve for more than 3 months ● Contract staff of KEMAS and the Department of National Duty who have served for more than 2 years ● Contract doctor who has served for more than 1 year
The maximum amount you can borrow is also tiered by income; those earning between RM1,500 and RM3,999.99 are eligible for up to RM200,000, while those earning RM4,000 and above can reach the RM400,000 limit, subject to credit assessments.
When planning your budget, it is important to account for the standard costs associated with this facility. Upon approval, a one-time processing fee of RM100 is required, alongside a Wakalah fee of RM50 (subject to SST) for each financing withdrawal. Additionally, a government stamp duty will be applied to your financing agreement in accordance with the Stamp Act 1949 (Revised 1989), which is typically deducted from the total disbursement amount. To keep your financing cost-effective, it is vital to maintain your repayment schedule. Should you fall into arrears, a late payment charge (Ta'widh) of 1% per annum will be imposed on the outstanding amount, calculated on a daily basis. Being aware of these charges upfront ensures there are no surprises when you receive your funds.
To make your application smoother, you will need to prepare a few documents: Copy of Identity Card (front and back) Copy of latest 3 months' payslips EA Form (Annual Income Statement) Letter of Employment Confirmation Supporting documents: Latest 3 months' bank statement Letter of service termination or retirement age (if applicable) Settle statement for other financing (if any)