A member may borrow up to 100% of his total savings (subscriptions, savings and term deposits) with the Co-operative.
A member may apply for Medical Loan to defray medical expenses for essential medical treatment of himself or his immediate family member.
A member may apply for Education Loan to defray expenses connected with tertiary education of himself or his immediate member.
A member may apply for Renovation Loan to defray renovation expenses of a member’s owner-occupied property. Loan amount shall not exceed $30,000.
For any purpose such as marriage, bridging, travelling, etc.
A member may loan up to:
- With salary check-off or with Sureties
A maximum of 6 months’ salary or $40,000 whichever is lower; or
- With interbank giro but without salary check-off and without Surety
4 months’ salary or $20,000 whichever is lower.
A member may request to consolidate his loans for better loan servicing management.
Loan Application Process
There are two ways to apply as follows:
- apply personally at our office; and
- apply online via our website.
Apply personally at ‘Wisma AUPE’ office
You may apply for a loan by coming down to our office personally. Please remember to collect a queue number and wait for your turn. You will be attended to in the shortest time possible. In most cases, you will receive your loan quickly on the same day.
Apply online via our website
You may download the application form here. Our staff will contact you once we receive your application. You will be given an appointment to come down to our office. There is no need to obtain a queue number. You will be attended to immediately if you come at the appointed time. This is our speedy loan service.
Documentation for Loan Application
Documents required when applying for:
- Secured Loan
- Your original NRIC only.
- Non-Secured Loan
- Your original NRIC;
- Your latest payslip;
- Your personal credit report for credit assessment if your monthly salary is $1,500 and above; and
- Your latest credit cards and overdraft statements.
- Moneylenders Credit Bureau Report.
Guarantee for non-secured loan
A non-secured loan may be guaranteed by two Sureties, or an applicant may request to be guaranteed under the Loan Default Guarantee Scheme. All non-secured loan applications are subject to credit assessment.