▁the ▁operations ▁of ▁these ▁lo ans ▁are ▁primarily ▁dependent ▁on ▁consistent ▁and ▁constant ▁fund ing ▁from ▁financial ▁institutions . ▁Popular ▁commercial ▁banks ▁in ▁Malays ia ▁such ▁as ▁May bank , ▁R H B ▁Bank , ▁K uw ait ▁Fin ance ▁House ▁and ▁Bank ▁Rak y at ▁are ▁currently ▁fund ing ▁or ▁have ▁in ▁the ▁past ▁contributed ▁funds ▁to ▁the ▁co oper atives . ▁ ▁Appro val ▁rate ▁The ▁appro val ▁rate ▁of ▁co oper ative ▁lo ans ▁is ▁very ▁high , ▁as ▁credit ▁score ▁is ▁irrelevant ▁since ▁month ly ▁install ment ▁rep ay ment ▁is ▁automatic . ▁App lic ants ▁who ▁have ▁been ▁black list ed ▁by ▁banks ▁due ▁to ▁poor ▁credit ▁score ▁as ▁reflected ▁by ▁Central ▁Cred it ▁Reference ▁Information ▁System ▁( CC R IS ) ▁and ▁the ▁Cred it ▁T ip - Off ▁System ▁( CT OS ) ▁successfully ▁apply ▁for ▁co oper ative ▁lo ans . ▁ ▁Cont ro vers ies ▁These ▁plans ▁have ▁many ▁critics , ▁one ▁of ▁the ▁most ▁vocal ▁being ▁the ▁Cons umer ▁Association ▁of ▁Pen ang . ▁Among ▁the ▁criticism ▁directed ▁at ▁the ▁co oper atives ▁include ▁encourag ing ▁over - bor row ing ▁and ▁bur den ing ▁the ▁borrow ers ▁with ▁long - term ▁deb ts . ▁ ▁Long - term ▁deb t ▁bur den ▁In ▁the ▁past , ▁co oper ative ▁loan ▁schemes ▁have ▁had ▁very ▁long ▁ten ure , ▁up ▁to ▁a ▁maximum ▁of ▁ 2 5 ▁years . ▁A ▁loan ▁stretch ed ▁over ▁a ▁long ▁ten ure ▁allows ▁the ▁bor ro wer