AKPK's DMP application form

I find completing the DMP application form is a rather "tough" task, as I have more than 10 existing loans to serve, hence, I am required to list out the complete details of these loans on the DMP form. The DMP form has NOT sufficient columns for my long list of loans, I will have to get the form photostated to complete the task.

Some Details in DMP form required your confirmation:

1. Your monthly financial surplus.
- the computation includes your partner's salary
2. All the properties you own and the current value of those assets.
3. Your reasons for applying for DMP .

As I was making my official application immediately when I had the DMP form after the counciling session, the time was restricted when I would have to complete a few tasks within the short period of time. If I had decided to apply at a leisure time, probably I would NOT be so taxing on completing the application form. Hence, My advice to those who are making application on the same day of interview to get all the informations, documents and the First payment to AKPK ready. Of course during the submission of the DMP form, you will have to enclose a payment slip. I made my first payment on the day of the application by cash to MAYBANK at the Jalan Tuanku Abdul Rahman branch and presented the receipt with my application form.

You will have to state reasons for the application of DMP. I have provided with the following reasons :

1. Economy slow down affecting my income and salary.
2. Using credit cards/personal loans for financing to my business.
3. Over commitment on the usage of credit cards without realise.
4. Partially entangled into private loans.

Please take note that when you were given a form to fill after the first financial briefing , the income computation does NOT include the spouse's income, however the actual DMP form requires you to include your spouse's income in the DMP form if your spouse is a salaried person. You must show a surplus on the monthly basic income and expenses in order for AKPK to determine on your monthly payment on DMP.

You are required to complete all the assets/properties you have under your name or wife's name ... Lands, houses and Cars. An estimated value has to given to your assets.

Supporting documents : ( All in photocopies , size - A4)

1. photocopy of front and back of your IC
2. Salary slips ( 3 months ) or a personal declaration on your personal income (photocoy)
3. bank slip showing first payment to AKPK
4. Photocopy of the latest statement of your credit cards/personal loans

What you will receive in return on submission of the application form :
1. An aknowledgement slip from the AKPK councilor
- This aknowledgement slip is to presented to the banks if they call for subsequent payment, the slip serves as a proof your status in the DMP programme and the banks are NOT suppose to disturb you until the approval of your application.

However, I find the aknowledgement slip is NOT as powerful as it is supposed to be, I made letters giving the slips to the various banks , somehow, no bank is honouring and respecting the slips, I was faced with continual calls from banks chasing for instalments. Well, time will past, once AKPK approves on your application, the calls from the bank will cease. Be patient and calm on the 30 -45 days' period on your application of your DMP. Bank disturb and disrupt your mind, handle with their staffs politely, it will soon be over. Once your DMP has been approved , the next is to service your AKPK loan promptly. You will soon be reliefed from further usage of credit cards as you have no more card facilities with you, you will no longer spend anymore "future monies".