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Education Loan / Financing-i

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

Eligibility


  • Malaysian
  • Minimum monthly household income of RM10,000
  • Main borrower (student)
    • Age 18 to 25 years old (non- working student)
    • Age 18 to 35 years old (working student)
  • Joint borrower
    • Age is between 21 & 65 years and not exceeding 70 years at the end of financing period.
    • Relationship of joint borrower with main borrower must be immediate family member.
  • Courses Programme:
    • Degree and above (for local universities)
    • List of courses are subject to changes by Maybank

Benefits


  • Longer financing tenure
  • High financing limit
  • Competitive interest/profit rate.
  • Flexible repayment scheme.

Features


Features

Collateral

Property

Fixed Deposit

ASB Certificate

Financing Amount

Minimum Financing: RM10,000

Maximum Financing: Up to course fees OR MOA of security to be charged/pledge, whichever is lower

Margin of Financing

120%

Additional 30% above the collateral value.

The 30% is capped at RM400,000.

150%

Additional 50% above the collateral value.

The 50% is capped at RM200,000.

67%

Up to 67% of the certificate value.

Tenure

Up to 20 years or age 70, whichever is earlier

Up to 20 years or age 70, whichever is earlier

Up to 30 years or age 70, whichever is earlier

Required Documents


  • Copy of NRIC
  • Letter of admission from the university or college
  • Total annual or semester course fee by university or college
  • Latest income documents
  • Proof of assets / collaterals:
    • Copy of individual / Strata Title of SPA
    • Fixed Deposit / Islamic Fixed Deposit / General Investment Account-I Certificate
    • ASB Statement

More info


  • Click here to view Product Disclosure Sheet in Eng (Islamic)
  • Click here to view Product Disclosure Sheet in BM (Islamic)
  • Click here to view Product Disclosure Sheet in Eng (Conventional)
  • Click here to view Product Disclosure Sheet in BM (Conventional)

Locate a branch

Find a Maybank branch nearby you