Take a step towards achieving your aspirations! With a Bank Rakyat Education Financing-i
Eligibility
- Malaysian Citizen
- Minimum age of 18 years old and maximum 60 years old at the end of the financing tenure
- Minimum fixed monthly income of RM2,000
Features
- Financing up to RM1,000,000
- Tenure up to 20 years (inclusive of grace period)
- Grace Period based on study period OR maximum four (4) years; whichever comes first
- Takaful coverage are optional
Required Documents
- Copy of Mykad
- EPF Statement
- Latest 3 months Bank Statement
- Original copy of university/college acceptance letter/certified true copy by university
- Original copy of course fee schedule
Fees & Charges
| Transaction | Charge |
|---|---|
| Custodian of security documents (post settlement) | RM 10/set/month |
| Stamp Duty | 0.5% of total financing as contained in the Stamp Duty Act 1949. |
| Disbursement Fee | Included fees for registration charges and other related charges |
| Early Settlement Fee | No Charges |