AMMA Foundation (061151-D) No. 40-B, Lorong Rahim Kajai 14, Taman Tun Dr Ismail, 60000 Kuala Lumpur.

Tel: +603-7725 8001/02 Fax: +603-7725 2070

Study Loan Application Guide
About AMMA Foundation The AMMA Foundation was established as a Company by guarantee and not having share capital in 1980. Its principal objective is to assist needy Malaysians to pursue their studies at approved challenged. The Foundation believes that that one of the most tangible ways to uplift the general economic status of the community would be to upgrade the educational level of our young people at universities and colleges. Procedures A Committee of the Board will consider applications received and where appropriate, interviews the selected candidates prior to awarding the loan. Currently, each candidate is given a loan not exceeding RM4,500 per semester for a maximum of six (6) semesters (payments) for degree courses and a loan not exceeding RM3,500 per semester for a maximum of six (6) semesters (payments) for diploma courses. This is subject to satisfactory performance of the candidate and availability of funds. The ‘topping’ up of loan on a six (6) monthly basis is not automatic and is at the sole discretion of the Loans Disbursement Committee, the AMMA Foundation Board which meets once in every two (2) months, and on the candidate’s results to date. A written request should be submitted together with the candidate’s latest results. The candidate must maintain a CGPA of at least 2.75 and above in each semester’ exam. The candidate is required to undertake to repay the loan at a minimum monthly instalment of RM200 not later than six months from the date of graduation. 1. Eligibility Malaysian citizen Full-time Diploma/Degree courses Local universities and colleges only 2. Conditions To retain the loans, candidates must ensure they pass all examinations and maintain a CGPA of at least 2.75 and above each year 3. Loan Amount The loan amount varies according to the courses Degree courses: RM4,500 per semester per year (maximum: RM27,000) Diploma courses: RM3,500 per semester per year (maximum: RM21,000)

Guarantor Two (2) guarantors are needed.Deadline months .4.000 per month Immediate family members do not qualify and cannot stand as guarantors Documents such as Income Tax (EA Form)/two (2) months payslip/letter from employer or any other documents to support income declaration are required Be less than 50 years of age.Repayment Candidates shall commence repayments upon gaining full employment or six (6) months after graduation.000 month 6. Degree course: Max loan RM27.Interview It is mandatory for the candidate to attend the interview 8. and may be accepted at the sole discretion of the Board 5. Each guarantor must have an income of more than RM2. Those above 50 must give substantial proof of net worth.How to Apply must be furnished with a copy of the latest examination results 7. whichever is the earlier.000 month Diploma course: Max loan RM21.

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