Published by Afterschool.my on Jul 10, 2017, 05:04 pm
With the advent of scholarships and convertible loans, there is one other form of financial assistance that many Malaysians may not be aware of, the Skim Prihatin Pendidikan 1 Malaysia.
Skim Prihatin Pendidikan 1Malaysia (SPP1M) is a ‘top up' based scheme for the funds or scholarships that are readily in the market that will benefit Malaysian students. This scheme is designed as an additional financial aid for students that are qualified to pursue their studies for Bachelors' Degree or Master's Degree in high quality universities locally
A collaboration between Maybank and Yayasan Peneraju, the SPP1M is an education financing package that must be paid back based on the agreed upon interest rate.
Maximum up to RM200,000 (Ringgit Malaysia Two Hundred Thousand only)
Up to 20.5 years inclusive of study period
Repayment to start upon employment or six months upon completion of study, whichever comes earlier.
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Send your application form with certified true copies of supporting documents (as per SPP1M checklist) to your nearest Maybank branches. It is recommended that you submit your application directly at Maybank Tower, Jalan Tun Perak, Kuala Lumpur (Level 20).
Applicants will be notified by the bank within 2.5 months from the date application received.
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