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AFFIN Education Financing-i

Features

Financing Margin

Up to 100%* of coursework fee + 5% of Takaful coverage 

Financing Tenure

Minimum: 5 years 
Maximum: 20 years or up to age of 65, whichever is lower 

Financing Amount

Up to RM 400,000 (Note: Maximum facility amount of RM600,000 is eligible for Medical, Engineering and Pilot/Aviation courses only).

Collateral

Collateral may be required either fully or partially secured 

Benefits

Financing Your Academic Future

Financial assistance for qualified individuals of selected University or College to cover their education programme.

Shariah-Compliant Financing
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Based on the Shariah concept of Ijarah of usufruct concept (leasing).

No Early Settlement Fee 
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No fee is imposed for early settlement.

Guarantor or Collateral
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No guarantor is required. However, collateral may be required either fully or partially secured.

Ceiling Rate
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Get protected against a higher rate by the profit rate capped at 15% per annum.


Takaful Coverage
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Group Credit Family Takaful (GCFT) is highly encouraged to be taken by both applicant and joint applicant to ensure that you and your family are protected.

*Terms and Conditions apply. 


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Benefits

Financing Your Academic Future

Financial assistance for qualified individuals of selected University or College to cover their education programme.
>> Check out our panel universities/college 


Ceiling Rate

Get protected against a higher rate by the profit rate capped at 10% per annum. 

Takaful Coverage

Reducing Term Takaful (RTT) is highly encouraged to be taken by both applicant and joint applicant to ensure that you and your family are protected.


Guarantor or Collateral

No guarantor is required. But collateral may be required either fully or partially secured against Term Deposit-i or unencumbered property



No Early Settlement Fee 

No fee is imposed for early settlement.

Eligibility

  • Student Eligibility
    • Malaysia citizen aged 18 and up to 45 years old. 
    • Open to Foundation, Certificate, Pre-University (e.g. A-Level), Diploma, Degree and Postgraduate program (Master’s Degree and Doctorates) and Professional Courses for students of appointed universities/colleges
    • Requires the parents, spouse, siblings or non-immediate family members to jointly apply with the student as joint applicants
  • Joint Applicant Eligibility
    • Malaysia citizen aged 21 years old and above.
    • Minimum monthly income of RM 5,000. 
    • If the minimum monthly income is unable to meet, a minimum of two (2) joint applicants with minimum income of RM3,000 per month per joint applicant is required. 


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