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AFFIN Education Financing-I

Financing Margin – Up to 100%* of coursework fee +5% of Takaful coverage
Financing Tenure
- Minimum: 5 Years
- 20 Years or up to age of 65, whichever is lower
Financing Amount – Up to RM400,000 (Note: Maximum facility amount of RM600,000 is eligible for Medical, Engineering, and Pilot courses only)
Collateral – Collateral may be required either fully or partially secured

Financing Your Academic Future – Financial assistance for qualified individuals or selected University or College to cover their education programme.
Shariah-Compliant Financing – Based on the Shariah concept of Ijarah of usufruct concept (leasing).
No Early Settlement Fee – No fee is imposed for early settlement.
Guarantor or Collateral – No guarantor is required. However, collateral may be required either fully or partially secured.
Ceiling Rate – Get protected against a higher rate by the profit rate capped at 15% per annum.
Takaful Coverage – 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.

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.

Malaysia citizen aged 21 years old and above.
Minimum monthly income of RM5,000.
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.

For more information, kindly refer to Affin Education Financing I

*Terms and Conditions apply.