Education
Trusted Education Loan in Malaysia
Empower your future success
Eligibility
Applicant
- Malaysian citizen
- Obtained admission to an approved institution of higher education
Co-applicant
- Malaysian citizens aged between 21 to 60 years old
- Preferably parent/sibling/family members
Fee & Charges
| Description/Service | Fee & Charges |
|---|---|
| Fees | Membership & Entrances Fee Processing Fee Others |
| Stamp Duty | As per Stamp Duty Act 1949 (revised 1989) |
| Prepayment and early settlement Charges | 3 months notice in writing in advance OR 3 months interest on the early settlement / prepayment amount |
Documents Required
- Student, Co-applicant & Guarantor
- Photocopy of I/C*
- Passport-size photograph
- Student
- Copy of acceptance letter from University/College
- Latest result of SPM or any higher education (where applicable)
- Copy of course fee schedule
- Student
- Photocopy of I/C
- Passport-sized photograph
- Copy of acceptance letter from University / College
- Latest SPM result or any higher education (where applicable)
- Copy of course fee schedule
- Co-applicant
- Photocopy of I/C
- Passport-sized photograph
- Guarantor
- Photocopy of I/C
- Income Documents
- Employed
- Latest 3 Months Salary Slips
- Latest EPF Statement
- Latest Form BE and payment receipt
- Self-Employed
- Latest Form B and payment receipt
- Business Registration Certificate
- Latest 6 months bank statements
* This is the non-exhaustive list of documents subject to the assessment of the submitted loan application.
Frequently Asked Questions
a. Applicant: Malaysian Citizens gained admission to an approved institution of higher learning locally or abroad.
b. Co-applicant: Malaysian citizens aged between 21 to 60 years old (Preferably parent / sibling / family members)
Finance the pursuit of the approved course by the student applicant
a. Up to RM100,000 for local courses
b. Up to RM200,000 for overseas courses, postgraduate/undergraduate medical-related courses, and local medical-related courses.
Maximum 15 years
Interest will be charged to the applicant’s loan account on the monthly rest and reducing balance basis immediately upon the first release of the loan.
| Interest Rate | 1st year | 2nd year onwards until full settlement |
Existing Members (min. 5 years membership) | 5.8% | 6.8% |
| New Members | 6.8% | 7.8% |
Payment shall be made in the following manners:
- JomPay services (Preferred option) via ATM or Internet Banking or Touch ‘n Go eWallet
- Cash/Cheque payment via cash/cheque Deposit Machine with payment option under KOJADI’s bill payment
- At KOJADI payment counter
Remarks: Fees and charges may be imposed for cheques in the future without notice.
Applicant is required to furnish 1 or more guarantors with good credit ratings
A Malaysian joint applicant is required
Yes, the applicant is required to become a member of KOJADI