Bank Rakyat Education Financing

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