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CIMB Education Loan Malaysia
- see Personal Financing
It could be a new business venture, a child who is pursuing a higher education, or even a holiday abroad – whatever the reason, we can help you get the money you need quickly and without hassle. Approval is fast and minimal documents are required. Speed is especially useful if it’s an investment opportunity you want to capture, or a place in a prestigious university that you need to secure. To lower the outstanding amount on your high interest debts, you can consolidate them into one manageable account with a fixed monthly repayment. We have the right financing packages to meet every need.
CIMB Bank Education Loan
http://www.cimbbank.com.my/index.php?tpt=cimb_bank
Education is the most important investment one makes in life. Whether you need to pay for your children’s studies or your own, our education loan help you finance up to the full cost of education.
Eligibility For full time students:
Joint borrower between the students and one co-borrower.
Acceptable co-borrower are: Parents, siblings, relatives or guardians with adequate repayment capacity
Student must be 18 years old or above.
For part time students:
Student must provide one guarantor.
Acceptable guarantors are: Parents, siblings, relatives or guardians with adequate repayment capacity.
Student must be 18 years old or above.
Features and benefits
Minimum loan amount is RM10,000 and maximum loan amount is RM100,000.
As low as 30% security requirement in the form of fixed deposit. Maximum loan tenure is 10 years.
The loan covers:
Part time or full time studies.
Government (Kementerian Pendidikan Malaysia and Jabatan Perkhidmatan Awam) approved courses (local and overseas).
Diploma, Degree, Masters or PHD.
Acceptance of local & twinning programmes or overseas universities.
Fees and Charges
Mode of payments
You can make payments via online banking, or
Pay your monthly installments at any CIMB Bank branch, ATM and Cash Deposit Machine (CDM), or
Set up automatic payments via standing instruction.
http://www.cimbbank.com.my/
List of Bank Study Loans available for Malaysian students in Sabah and Sarawak:
Skim Prihatin Pendidikan 1Malaysia (SPP1M)
RHB Bank Singapore Education Loan
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