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Main Applicant |
Joint Applicant |
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Education Loan
Maybank Education Financing / -i
Secure extra funding for your child's academic future without compromising on your wealth accumulation
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
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Unsecured Financing (No Collateral) | ||||
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Financing Amount |
Minimum Financing: RM10,000 Maximum Financing: Up to RM150,000 |
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Tenure |
Up to 15 years or age 50 (whichever is earlier) |
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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) |
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| Secured Financing (With Acceptable Collateral) | |||
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| 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 |
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| 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
More Info
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Product Disclosure Sheet |
Secured |
Unsecured |
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Islamic |
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Conventional |
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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