peninsula college scholarship

AFFIN Education Financing-i

Features

Financing Amount

Up to RM 400,000 ​​​​​​​(Note: Maximum financing amount of RM600,000 is eligible for Medical student only)

Collateral

Collateral may be required either fully or partially secured against Term Deposit-i or unencumbered property

Financing Tenure

Up to 15 years

Financing Margin

Up to 90% of coursework fee

Benefits Apply AFFIN Education Financing-i

Financing Your Academic Future

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

Financing Your Academic Future

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

Guarantor or Collateral

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

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. 

Shariah-Compliant Financing

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

Ceiling Rate

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

No Early Settlement Fee

No fee is imposed for early settlement.

 

 

Guarantor or Collateral

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

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. 

Ceiling Rate

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

No Early Settlement Fee

No fee is imposed for early settlement.

 

 

Shariah-Compliant Financing

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

Financing Your Academic Future

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

Guarantor or Collateral

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

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. 

Shariah-Compliant Financing

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

Ceiling Rate

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

No Early Settlement Fee

No fee is imposed for early settlement.

 

 

Students Eligibility

  • Students aged 18 and up to 45 years old
  • Requires the parents, spouse or siblings to jointly apply with the student as joint applicants
  • 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
Eligibility

Joint Applicant Eligibility

  • Malaysian citizen aged 21 years old and above.
  • Minimum 2 joint applicants with minimum annual income of RM 24,000 (at least one of the joint applicants must be earning an annual income of RM36,000).
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Eligibility
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