How To Apply Loan If Under AKPK

AKPK is a government agency that provides financial counselling and credit management services. But once you’re under AKPK, your move is restricted.

Let me answer some of the question about how to apply loan if under AKPK.

How to apply loan if under AKPK?

If you are under AKPK’s Debt Management Programme (DMP), you can still apply for a loan. However, you have to settle the loan that falls under AKPK entirely and wait for the CCRIS to be updated before applying for a new loan.

Also, you can’t go back to the existing bank loan with AKPK. Once you have fully settled the loan, you can graduate from DMP upon early or normal settlement, and then apply for a new loan.

Some Koperasi personal loan providers may also allow you to apply for a loan even if you have an AKPK record.

However, it is best to check with the specific loan provider for their guidelines on cases under AKPK.

What are the disadvantages of AKPK?

While AKPK can provide assistance and relief to those struggling with debt, there are also some potential disadvantages to consider:

  1. Limited debt relief: AKPK’s Debt Management Programme (DMP) only covers unsecured debts such as credit cards, personal loans, and overdrafts. It does not cover secured debts such as home loans or car loans.
  2. Credit score impact: Enrolling in AKPK’s DMP can negatively impact your credit score, as it indicates to lenders that you are having difficulty managing your debts.
  3. Limited options: While enrolled in AKPK’s DMP, you are not allowed to take on new debts, which can limit your options for financing major purchases or emergencies.
  4. Fees: AKPK charges fees for its services, including a one-time enrollment fee and monthly service fees. These fees can add up over time and increase the overall cost of the debt management process.
  5. Extended repayment period: While AKPK’s DMP can help make debt payments more manageable, it can also extend the repayment period, resulting in a longer time to become debt-free. This can also result in paying more interest over time.

It is important to weigh the pros and cons of AKPK’s services and consider other options before enrolling in their programme.

Who is eligible for AKPK debt management program?

To be eligible for AKPK’s Debt Management Programme (DMP), you must meet the following criteria:

  1. You must be a Malaysian citizen or permanent resident.
  2. You must have at least three months of outstanding payments on your unsecured debts such as credit cards, personal loans, and overdrafts.
  3. You must have a minimum total outstanding debt of RM10,000.
  4. You must have a regular source of income, such as employment or business income.
  5. You must not be bankrupt or have any legal action taken against you by your creditors.
  6. You must not have any active legal cases related to your debts.

If you meet these criteria, you can apply for AKPK’s DMP through their website or by visiting one of their branches. AKPK will assess your financial situation and work with you to develop a debt management plan that is tailored to your needs and circumstances.

How to withdraw from AKPK?

To withdraw from AKPK, you must submit an application for withdrawal. The application can be found on the AKPK website.

Once you submit the application, AKPK will review it and, if approved, will process your withdrawal.

2 thoughts on “How To Apply Loan If Under AKPK”

    • If you want any secure help , we have provide service to make withdraw from akpk customer portal , below it my contact number ….hopeful can give a helping …


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