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FAQ: Administration and Account Management Division

Housing Loans

  • What is meant by the government housing loan?
    Housing loans are loans specifically designed for government employees either Temporary / Contract / Permanent
     
  • What is the loan interest rate?
    The loan interest rate is 3% per annum.
     
  • How much loan amount can be approved?
    The amount of loan can be approved up to 100% of the  property valuation  offered as security, or maximum eligibility of the applicant, whichever is lower. The actual amount approved will be subject to the condition that the monthly repayments plus other deductions can not be more than 60% of the gross income of the borrower.
     
  • Who is eligible to apply for the Government Housing Loan?
    Officers appointed to permanent positions, temporary officer / contract.
     
  • How is the amount of the loan calculated?
    Eligibility of the officer is based on the following formula:

    K = (GP + EW + ITKA +) x 72 subject to a maximum of 400,000.00

    K = qualification

    GP = Salary

    EW = Regional Allowance

    ITKA = Public Service Fixed allowance
     

Micro Computer Loan Scheme

  • What is meant by Micro Computer loan scheme?
    Micro computer loan scheme is a loan given to the public service officers for the purchase of desktop computers, laptops, tablets, printers, scanners and other related equipment.
     
  • What is the interest rate and period of the loan?
    The interest rate is 3% per annum with a maximum loan period of 3 years
     
  • How large a loan amount can be approved?
    Loans can be approved up to a maximum of RM5,000 but subject to the condition that the amount of the monthly repayments plus other deductions are not more than 60% of the gross income of the borrower.
     
  •  Who is eligible to apply for these loans?
    All categories of public service officers are eligible to apply.
     

Licensed Moneylenders

  •  What is meant by Licensed Moneylenders
    PPW is a service of Licensed Moneylenders (PPW) conducted by companies moneylenders registered with the Ministry of Finance of the State of Sabah.
     
  • What percentage of the benefit are payable on the loan;
    1. Secured - 12% per annum 
    2. Unsecured - 18% per annum
  • How much paid-up capital is necessary to carry on the business of Licensed Moneylenders (PPW)
    The paid-up capital required is RM1 million