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Education Loan / Financing-i

Secure extra funding for your child's academic future without compromising on your wealth accumulation

Eligibility


Main Applicant

Joint Applicant

  • Malaysian citizen
  • Full-time students: 18 - 25 years old or Part-time students: 18 - 35 years old
  • Covers enrolment at both local and overseas institutions, including twinning programmes
  • Pursuing Degree or Post Graduate & Professional Programme recognised by the Malaysian Qualification Agency (MQA) or Ministry of Higher Education (MoHE)
  • Existing or prospective student in possession of an admission/enrolment letter from the university concerned
  • Co-applicant (if required) must be a Malaysian citizen
  • 21 - 65 years old (not exceeding 70 years at the end of financing tenure)
  • Immediate family member of applicant
  • Minimum monthly household income of RM5,000

Benefits


  • Higher financing amount up to RM400,000
  • Margin of Financing up to 150% of collateral value
  • Competitive interest/profit rate
  • Covers enrolment at both local and overseas institution, including twinning programmes
  • Stretchable repayment period up to 30 years
  • Flexible repayment schemes

Features


Unsecured Financing (No Collateral)

Financing Amount

Minimum Financing: RM10,000

Maximum Financing: Up to RM150,000

Tenure

Up to 15 years or age 50 (whichever is earlier)

Etiqa Insurance

Encouraged to be taken to insure the outstanding balance of financing amount (can be included in financing amount, up to 5% of financing amount)

 

Secured Financing (With Acceptable Collateral)
Financing Amount

Minimum Financing: RM10,000

Maximum Financing: Up to course fees OR Margin of Financing (MOF) of the collateral to be charged/pledged, whichever is lower

Collateral Property Fixed Deposit (FD/IFD) /General Investment Account (GIA-i) Amanah Saham Bumiputera (ASB) Unit
Tenure Up to 20 years or age 70 (whichever is earlier) Up to 30 years or age 70 (whichever is earlier)
Margin of Financing

Up to additional 30% above the standard Housing Loan MOA or a total financing of 120% of the property value.

The additional 30% shall be capped at RM400,000

(include MRTA/PRTA and related expenses)

Up to additional 50% of the FD/IFD/GIA-I amount or total financing of 150%.

The additional 50% shall be capped at RM200,000

(include PRTA/PRTT and related expenses)

Up to 67% of the ASB unit value

How to Apply


Step 1: Download and fill up the Maybank Education Financing Application/-i Application Form

Step 2: Attach Required Documents

  • Copy of NRIC of main applicant & (where applicable) joint applicant(s)
  • For prospective students:
    • University admission/enrolment letter
    • Copy of university course fees schedule by semester or year
  • For existing students:
    • Latest exam results
    • Copy of university course fees schedule by semester or year
  • For secured financing applications:
    • Copy of individual/strata title or SPA 
    • Copy of FDR/IFD-i/GIA-i certificate
    • ASB statement

Step 3: Submit completed Form and Required Documents via email to studyloan@maybank.com

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More Info


Product Disclosure Sheet

Secured

Unsecured

Islamic

Product Disclosure Sheet (BM)

Product Disclosure Sheet (Eng)

Product Disclosure Sheet (BM)

Product Disclosure Sheet (Eng)

Conventional

Product Disclosure Sheet (BM)

Product Disclosure Sheet (Eng)

Product Disclosure Sheet (BM)

Product Disclosure Sheet (Eng)

Base Rate (BR)/Islamic Base Rate (IBR) at 1.75% p.a. effective 9 July 2020.

The Board Rate/Indicative Profit Rate and/or Bonus Interest/Profit may be revised accordingly to reflect the changes of the Overnight Policy Rate (OPR) set by Bank Negara Malaysia.

Click here view Repayment Table.

Terms and Conditions


  • The University/College or other education institution must be acceptable to the Bank.
  • List of courses or programmes are subject to changes by Maybank.
  • All applications for Maybank Education Loan/Financing-i are subject to Maybank’s credit assessment, approval and other applicable terms and conditions.
  • Loan/financing disbursement is subject to the satisfactory fulfilment of the terms and conditions stipulated in Maybank’s Letter of Offer.
  • Please read the Maybank Education Loan/Financing-i Product Disclosure sheet for more information.

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