Education Financing-i is a Shariah-compliant financing facility that offers financial assistance to qualified students for pursuing their studies in the selected local and private Education Institutions under the Bank's empanelment.
Public and Private Education Institutions
Education Financing-i is a Shariah-compliant financing facility that offers financial assistance to qualified students for pursuing their studies in the selected local and private Education Institutions under the Bank's empanelment.
Shariah Concept
Tawarruq
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Eligibility Criteria
Note: For working student, the application will be accepted, with or without joint applicants. Working student must be under employment or running their own business
Coursework Programme
Financing Amount (without collateral)
Minimum: RM10,000
Maximum: RM250,000
Tenure (inclusive Study Period)
Minimum: 5 years
Maximum: 20 years OR up to the customers’ age of 60 years old (at the point of financing expiry), whichever is earlier.
Note: Study Period is capped up to the maximum of 5 years or as per stated in the Student’s Letter of Offer, whichever is earlier.
Margin of Financing
Up to 90% of the Coursework Programme fee (up to an additional 5% incidental financing).
Profit Rate
Terms and conditions apply.