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
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Students aged 18 and up to 45 years old
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Requires the parents, spouse or siblings to jointly apply with the student as joint applicants
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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
Joint Applicant Eligibility
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Malaysian citizen aged 21 years old and above.
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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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