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Study Loans for MBA
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Listed
here are 7 Malaysian banks that are known to offer study loans for
MBA. This list is by no means exhaustive. If you know any other
banks that provide the same facilities, kindly contact MBAweb
and we will include in this list.
The information below are correct as at May 1999.
Information such as the interest rates may vary, please check with
the individual banks for the latest information before deciding.
| Bank
: |
EON
Bank |
| Scheme : |
SELF -
Super Educational Loan Facility |
| Interest
Rate : |
2.5% +
BLR (Base Lending Rate) |
| Security : |
Guarantor
needed |
| Eligibility
: |
Malaysians,
Age 18 and above, pursuing full time or part time
education at a local university or private college
approved by JPA and/or Ministry of Education |
| Entitlement
: |
Min :
RM5,000, Max : RM100,000 |
| Repayment
: |
Granted
under a joint account scheme - Principal borrower
(student) and co-borrower |
| Criteria
for co-borrower : |
Malaysian
citizen, 55 years and below, employed for at least 2
years. Must be related to principal borrower as parent,
guardian, immediate family member. A guarantor is
required if co-borrower fails to meet minimum
income or age requirements |
| Criteria
for guarantor |
- Min Income - Loan Amount
- RM2000 - RM10,000 and below
- RM3,000 - RM10,000 to RM50,000
- RM4,000 - RM50,000 and above
|
| Contact : |
Tel :
800-9123 (Toll Free) |
| Bank
: |
Bank
Islam Malaysia Berhad |
| Scheme : |
Education
Loan |
| Interest
Rate : |
11.2% |
| Security : |
Guarantor
needed |
| Eligibility
: |
Malaysians,
Age 18 and above, must be less than 55 years of age at
the end of the financing period. |
| Entitlement
: |
N/A |
| Repayment
: |
Three
months installments as deposit. Payments will be made
directly to the institutions every semester. |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel : 293
7177 |
| Bank
: |
Maybank
(M) Berhad |
| Scheme : |
Maybank
Educational Loan |
| Interest
Rate : |
1.5% to
1.75% + BLR (Base Lending Rate) |
| Security : |
N/A |
| Eligibility
: |
Malaysians,
Age 18 and above, pursuing full time or part time
education at a local university or private college
approved by JPA and/or Ministry of Education |
| Entitlement
: |
- For Local Study : Min amount RM10,000 Max
amount RM50,000
- For overseas study : Min amount RM10,000
Max amount RM200,000
|
| Repayment
: |
N/A but
period of study is from 1 to 6 years |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel :
03-230 8833 |
| Bank
: |
RHB
Bank |
| Scheme : |
Study
Loan |
| Interest
Rate : |
1.25% +
BLR (Base Lending Rate) |
| Security : |
Residential
property of shophouse |
| Eligibility
: |
All full
time and part time students enrolled in any diploma,
degree, post graduate, professional courses recognized
by JPA or Ministry of Education. |
| Entitlement
: |
Min
RM10,000, Max : RM150,000 |
| Repayment
: |
Repayment
period up to 15 years. Pay monthly interest during study
period. Loan repayment begins after graduation. |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel :
03-23 83600 |
| Bank
: |
BSN
Commercial Bank |
| Scheme : |
BiSTARI
Education Scheme |
| Interest
Rate : |
11.5% |
| Security : |
Guarantor
needed for loans less than RM10,000. Two guarantors for
loans above RM10,000 |
| Eligibility
: |
Malaysians,
Age 18 to 55, pursuing education in any local
institution. |
| Entitlement
: |
- Min RM5,000
- No maximum limit
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| Repayment
: |
Maximum 8
year repayment period. Pay monthly interest during study
period. Loan repayment begins after graduation. |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel :
03-443 6466 Ext. 209/310 |
| Bank
: |
Bank
Rakyat |
| Scheme : |
Al-Falah
Education Financing |
| Interest
Rate : |
- 1 to 5 years - 11% for members/ 11.5% for
non members
- 6 to 10 years 11.5% for members / 12% for
non members.
- (Members are holders of Bank Rakyat's Al
Mudharabah cetificates)
|
| Security : |
Landed
property, quotes prices of KLSE (counters approved by
Syariah). Alternatively, two guarantors without
collateral. |
| Eligibility
: |
Malaysians,
students who are wage earners or students who are not
wage earners may apply through their parents or
siblings. Students should be 18 years or above and less
than 06 years upon completion of finance repayment
period. |
| Entitlement
: |
- Min RM5,000
- Max RM50,000 without collateral, unlimited
with collateral
|
| Repayment
: |
Repayment
period up to 10 years |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel :
03-442 3394/441 6157 |
| Bank
: |
HSBC
Bank (M) Berhad |
| Scheme : |
HSBC
Educational Loan |
| Interest
Rate : |
- Time deposits - at 1% above BLR
- Property & stock shares - at 2% above
BLR
|
| Security : |
- Time deposits - up to 100% of value
- Property - up to 70% of current market
value
- Stocks/shares - up to 50% of current market
value
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| Eligibility
: |
Malaysians,
aged 21 to 60, with minimum household income of RM4,000
(co-applicants must be immediate family members) who
intends to study in overseas universities accredited by
the JPA |
| Entitlement
: |
- Min RM5,000
- No Max limit
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| Repayment
: |
N/A |
| Criteria
for co-borrower : |
N/A |
| Criteria
for guarantor |
N/A |
| Contact : |
Tel :
03-201 9898 |
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