The 4 most popular education loans with Malaysian undergraduates
Afterschool
September 6, 2016
A loan of any kind is a serious financial undertaking, and the informed student is in a much better position to find the most beneficial loan package available. Although scholarships and grants are always the preferred form of financial aid as they do not require repayment, most students will still face a gap in their college fund that requires a student loan of one form or another.Let’s review the four most popular education loans with Malaysian students for undergraduate programmes.
PTPTN
The National Higher Education Fund Corporation (PTPTN) was established under the National Higher Education Fund Act 1997 (Act 566). PTPTN’s objective is to ensure that no student should be denied access to higher education because of financial reasons. Read more here: PTPTN – A complete guide
How to apply?
- Ensure that you meet all the eligibility requirements as stated by PTPTN
- Open a bank account with BSN/BIMB/Public Bank/CIMB/Bank Muamalat Malaysia Bhd.
- Purchase a PTPTN number at any branch of Bank Simpanan Nasional (BSN)
- Register and apply online (print online application)
- Submit supporting documents to PTPTN officer of your college/university
Contact info
Tel:
03-2098 3731/3732
Address: PERBADANAN TABUNG PENDIDIKAN TINGGI NASIONALLot G2, Tingkat Bawah, Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur
MARA
MARA Study Loan Programmes or Skim Pinjaman Pelajaran (SPiP) was introduced in 1966 when Majlis Amanah Rakyat (MARA) was formed. Students have to apply to the respective institutions before applying for the loan. This loan is for excellent SPM leavers who wish to take pre-university courses such as (but not limited to) ADFP, A-Levels, International Baccalaureate (IB) and Australia Matriculation (AUSMAT). This loan is typically given to qualified Bumiputera students to continue their studies in Institut Pengajian MARA (IPMa) and local private Higher Education Institutions (IPTS).
How to apply?
- Visit the official website and input your details
- Visit the MARA Headquarters
- Attend the MARA Education Carnivals.
Contact info
Tel:
03-26915377
Address: MARA Headquarters21, Jalan Raja Laut,50609 Kuala Lumpur.
Official website:
KOJADI
Koperasi Jayadiri Malaysia Berhad or KOJADI was established in 1981 where its objective is to extend an effective student loan facility to enable students in need to pursue higher education, and to shape students into well-trained manpower to meet the demand for skilled human resources in the country.
How to apply?
- Obtain and follow the rules of the relevant loan scheme.
- Complete a prescribed membership application form and loan application form
- Submit the relevant loan documents
Contact info
Tel:
03-21616499 (Membership and Loan Department)
Address: Koperasi Jayadiri Malaysia Berhad (KOJADI)11th Floor, Wisma MCA,163, Jalan Ampang,50450 Kuala Lumpur.www.kojadi.my
Official website:
MIED
Maju Institute of Education Development (MIED) since 1984 has supported students in need by providing study loans to pursue their higher education and today it has become the leading provider of study loans to members of the Malaysian Indian community seeking such assistance for further education.
How to apply?
- Please fill up application form online
- Download and print the completed form
- Duly completed Study Loan Application and Study Loan Checklist Forms with all the required documents must be returned to the address stated below
Contact info
Tel:
03-40452689 / 03-40503107
Address: Maju Institute of Education Development (MIED),8th Floor, Menara Manuckavasagam,No. 1, Jalan Rahmat,50350 Kuala Lumpur.
Official website:
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