Education Loan
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Education Loan / Financing-i

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

Eligibility

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 Form

Step 2: Attached 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 EduLoan@maybank.com

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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