Financial Assistance

Financial Assistance for Malaysian Student.

PTPTN Loan

ELIGIBILITY:

  • Citizen of Malaysia
  • Been offered a place at IPTA/ IPTS and Polytechnic by fulfilling entry requirements determined by the Ministry of
    Education and Malaysian
  • Qualifications Agency (MQA);
  • Does not exceed 45 years of age on the date of application;
  • Programme pursued must have registration approval from the Ministry of Education;
  • For IPTS students, programme pursued must have the Certificate of Accreditation from the MQA and still valid on the date of application;
  • For a student who has other qualifications, verification must be obtained from the department or agency as stated above;
  • Remaining period of study at time of the application should not be less than one (1) year;
  • Has no other sponsor(s); and
  • Has opened SSPN account

 

HOW TO APPLY PTPTN LOAN:

  • Open a savings account (Student Personal Account) with CIMB Bank.
  • Open SSPN Account at Maybank with RM20.
  • Pay RM5.00 to get a PIN number at Bank Simpanan Nasional (BSN). The PIN number is valid for only 3 months from the day you obtain from BSN.
  • Fill in PTPTN Application Form with complete supporting documents.

 


Supporting Documents:

  • Photocopy of BSN PIN number (RM5.00)
  • Photocopy of student Identity Card
  • Photocopy of Offer
  • Photocopy of CIMB Account Statement
  • Photocopy of Account Slip or SSPN Card
  • Photocopy of SPM/ STPM/ Diploma result
  • Photocopy of parents/ guardian Identity Card
  • Photocopy of parents/ guardian pay slip/pension (if applicable)

Bank Rakyat Education Loan

ELIGIBILITY:

  • Citizen of Malaysia
  • Age 18 to 60 years old
  • Minimum monthly income of RM2,000
  • Student or Immediate Family Member or Fixed income earner

 

FINANCING FEATURES

  • Financing up to RM1 million
    Tenure up to 20 years (inclusive of grace period)
  • Grace Period based on study period OR maximum four (4) years; whichever comes first.
  • Rate as low as 3.99% per annum (3years)
    Payment of study fee to Learning Institution
  • Takaful coverage is optional

 

WHY EDUCATION FINANCING-I BANK RAKYAT?

  • Financing of course fees, education aids and living expenses.
  • Competitive profit rate.
  • No hidden charge.
  • Full instalment begins after graduation.

EPF Withdrawal

Supporting Documents:

  • Malaysian Citizen; OR A Malaysian Citizen who has made Leaving The Country Withdrawal before 1 August 1995 and later opted to re-contribute to the EPF; OR
  • A Non-Malaysian Citizen who:
    – Has become an EPF member before 1 August 1998; OR
    – Has obtained a Permanent Resident status (PR)
    – Has not reached the age of 55 on the date the application is received by EPF; AND
    – Having savings in EPF Account 2
  • For full terms and conditions, please refer to: Click Here