2012 KOJADI'S SPECIAL LOAN SCHEME (S-TAR)
FOR TARC GRADUATES ATTENDING UK SUMMER PROGRAMS
1. Terms & Conditions of The Study Loan
1.1 Loan Amount Applicable
(a) RM10,000 (b) RM15,000 (c) RM20,000 (d) RM25,000 (e) RM30,000 (f) RM35,000
1.2 Loan Interest Rate :
1.2.1 New member :
|
1st year |
2nd year
until full settlement |
|
6.8%
(on a monthly rest and
reducing balance basis) |
7.8%
(on a monthly rest and
reducing balance basis) |
1.2.2 For existing member of KOJADI with minimum 5 years membership:
|
1st year |
2nd year
until full settlement |
5.8%
(on a monthly rest and
reducing balance basis) |
6.8%
(on a monthly rest and
reducing balance basis) |
1.3 Pre-Requisite For Loan - Application For Membership, Shares & other payments required :
|
Loan Amount Applied For
|
| Category |
RM10,000 |
RM15,000 |
RM20,000 |
RM25,000 |
RM30,000 |
RM35,000 |
|
a) Applicant (Parent/Guardian) |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
| b) Norminee (Student) |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
|
RM110.00 |
| c) Processing Fee |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
|
|
|
|
|
|
|
|
| Sub-Total # |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
|
|
|
|
|
|
|
|
| d) Additional Shares |
RM500.00 |
RM500.00 |
RM500.00 |
RM500.00 |
RM500.00 |
RM500.00 |
|
e) Insurance Premium* |
RM133.10 |
RM199.65 |
RM266.20 |
RM332.75 |
RM399.30 |
RM465.85 |
|
|
|
|
|
|
|
|
| Total |
RM1,053.10 |
RM1,119.65 |
RM1,186.20 |
RM1,252.75 |
RM1,319.30 |
RM1,385.85 |
# Important Note : Loan applicant shall pay RM420.00 at the time of submission of loan application, the
corresponding additional share payment and insurance premium ( item d & e ) will be
deducted from the approved loan.
* Note : Based on student aged between 18 - 25 years
| Age of Student |
RM10,000 |
RM15,000 |
RM20,000 |
RM25,000 |
RM30,000 |
RM35,000 |
| 18-25 |
RM133.10 |
RM199.65 |
RM266.20 |
RM332.75 |
RM399.30 |
RM465.85 |
| 26-35 |
RM159.00 |
RM238.50 |
RM318.00 |
RM397.50 |
RM477.00 |
RM556.50 |
1.4 Repayment of Loan :
By equal monthly installment commencing from 4th month after completion of study or on such terms
to be decided by the Society. Monthly loan interest servicing is NOT required during study period.
1.5 Tentative Monthly Repayment Amount
| Loan Amount |
Repayment Period |
Monthly Amt. (Estimation) |
| RM10,000 |
4 years |
RM253 |
| RM15,000 |
6 years |
RM273 |
| RM20,000 |
8 years |
RM292 |
| RM25,000 |
8 years |
RM365 |
|
RM30,000 |
10 years |
RM376 |
| RM35,000 |
10 years |
RM438 |
 Tentative Repayment Schedule for loan amount RM35,000
2. Manner Of Loan Submission
STEP 1 : Send in your loan application form to TARC (KL) Student Affairs Department or KOJADI’s office
together with all the necessary documents as stated in the " Loan Application Documentations Checklist".
Please EXCLUDE letter of admission or university's offer letter if such document is not
available at the time of submission of loan application.
Deadlines for submission of loan application form : 17 February 2012 ( Friday )
STEP 2 : KOJADI will send legal documents to you wthin 7 WEEKS (Loan Agreement, Loan Guarantee, etc.)
upon acceptance and approval of your loan application.
Return the legal documents duly signed by the student, parent and guarantors to KOJADI's office
within 2 WEEKS or at such date as stipulated in the load offer letter.
3. Loan Disbursement
3.1 The study loan will be released to the member (parent) OR loan beneficiary (student) by cheque in one lump sum.
3.2. Expected date of disbursement of loan: Mid. May 2012.
(Subject to confirmation of enrolment to University by TARC)
For more information, please contact KOJADI at 03 - 21616499 Ext: 127, 130, 131, 133 or log on to
Office Hours : Monday - Friday ( 8:30am - 5:30pm )
Address : 11th Floor, Wisma MCA
163, Jalan Ampang,
50450 Kuala Lumpur.
Fax : 03-21612840 / 03-21621413
KOJADI Loan Briefings for TARC Graduates going for 2012 UK Summer Programs.
|
Date |
Time |
Venue |
|
08/02/2012 (Wednesday) |
10:00am – 12:00pm |
KTAR Setapak, DK D |
|
|
2:00pm – 3:30pm |
KTAR Setapak, DK A |
|
