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    This document provides information about the Al-Falah Education Financing Scheme offered by Bank Kerjasama Rakyat. The scheme provides financing of up to RM50,000 for Malaysian citizens aged 18-60 who are part-time or full-time students to cover education expenses. Students without income must apply through a guardian. The loan has a tenure of 2-10 years and requires one government servant guarantor or two private sector employee guarantors. Interest rates are 6.7-7.7% depending on member status. Monthly repayments start at RM225 for a RM5,000 loan over 2 years. Applicants must submit documents to branches of Bank Rakyat.

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    This document provides information about the Al-Falah Education Financing Scheme offered by Bank Kerjasama Rakyat. The scheme provides financing of up to RM50,000 for Malaysian citizens aged 18-60 who are part-time or full-time students to cover education expenses. Students without income must apply through a guardian. The loan has a tenure of 2-10 years and requires one government servant guarantor or two private sector employee guarantors. Interest rates are 6.7-7.7% depending on member status. Monthly repayments start at RM225 for a RM5,000 loan over 2 years. Applicants must submit documents to branches of Bank Rakyat.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    124 views2 pages

    Bank Rakyat

    Uploaded by

    pengajian agama
    This document provides information about the Al-Falah Education Financing Scheme offered by Bank Kerjasama Rakyat. The scheme provides financing of up to RM50,000 for Malaysian citizens aged 18-60 who are part-time or full-time students to cover education expenses. Students without income must apply through a guardian. The loan has a tenure of 2-10 years and requires one government servant guarantor or two private sector employee guarantors. Interest rates are 6.7-7.7% depending on member status. Monthly repayments start at RM225 for a RM5,000 loan over 2 years. Applicants must submit documents to branches of Bank Rakyat.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 2

    BANK KERJASAMA RAKYAT

    Type of loan: Al-Falah Education Financing Scheme

    EIGIBILITY:

     Malaysian citizen aged 18-60 who has not been declared a bankrupt.
     Part-time and full-time students. Students without a fixed income must apply
    through parents, spouse, siblings or legal guardians.

    LOAN AMOUNT:

     Maximum RM50,000 (without collateral) or unlimited financing (with collateral).


     Covers tuition fees, living costs, books and other educational expenses.

    Loan tenure: 2-10 years

    GUARANTORS:

     One guarantor - government servant.


     Two guarantors for application without collateral and for private sector
    employees

    INTEREST:

     6.7%-7.2% (members)
     7.2%-7.7% (non-members)

    REPAYMENT:

     From RM225 per month for a RM5,000 loan for a two year period to RM599 for
    a RM50,000 loan over 10 years.

    HOW TO APPLY:

     Go to any of Bank Rakyat's 100 branches with relevant documents including pay
    slips, letter from employer, utility bills, etc
    FURTHER INFORMATION / ENQUIRIES:

    TOC
    Lot. 10, Jalan
    Student Tel : Fax :
    19/1, Seksyen Website:
    1 Service or 03 -7955- 03 7960
    19, www.toc.edu.my
    Marketing 2811 4355
    46300 Petaling
    Jaya, Selangor
    Jalan Tangsi,
    PO Box 11024, Tel : 03- Fax : 03- Website:
    2 Bank Rakyat
    50732 Kuala 26129600 26129655 www.bankrakyat.com.my
    Lumpur.

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