▁to ▁pay ▁lower ▁month ly ▁install ment ▁and ▁hence ▁be ▁el ig ible ▁for ▁a ▁higher ▁loan ▁amount . ▁The ▁maximum ▁loan ▁amount ▁is ▁R M 2 5 0 , 0 0 0 . ▁In ▁June ▁ 2 0 1 3 , ▁in ▁an ▁effort ▁to ▁rein ▁in ▁rising ▁household ▁deb t , ▁Bank ▁Neg ara ▁restricted ▁all ▁personal ▁loan ▁borrow ings ▁to ▁a ▁maximum ▁of ▁ 1 0 ▁years . ▁This ▁r uling ▁effectively ▁reduced ▁borrow ings ▁under ▁the ▁co oper ative ▁schemes ▁and ▁led ▁to ▁protest s ▁by ▁the ▁co oper atives . ▁The ▁Congress ▁of ▁Union ▁of ▁Emp loy ees ▁in ▁the ▁Public ▁And ▁Civil ▁Services ▁( C UE P AC S ) ▁also ▁opposed ▁the ▁Central ▁Bank ’ s ▁new ▁r uling ▁and ▁suggested ▁a ▁comprom ised ▁solution ▁of ▁ 1 5 ▁years ▁ten ure . ▁According ▁to ▁them , ▁many ▁government ▁employees ▁will ▁borrow ▁from ▁loan ▁sh arks ▁if ▁they ▁are ▁unable ▁to ▁secure ▁co oper ative ▁lo ans . ▁Despite ▁much ▁opposition , ▁the ▁ 1 0 - year ▁loan ▁ten ure ▁cap ▁is ▁still ▁in ▁place ▁today . ▁ ▁Il legal ▁schemes ▁Some ▁co oper atives ▁are ▁found ▁to ▁be ▁operating ▁illegal ▁loan ▁schemes ▁and ▁charg ing ▁ex or bit ant ▁interest . ▁In ▁August ▁ 2 0 1 6 , ▁the ▁Ministry ▁of ▁Dom estic ▁Trade , ▁Co - oper atives ▁and ▁Cons umer ism ▁( Mal ays ia ) ▁( K PD N K K ) ▁ordered ▁the ▁closure ▁of ▁ 1 2 ▁co