Maybank Education Financing/-i

Pay Profit Rate Max. Financing Amount Total payment
RM 868 / mth 4.10% p.a. RM 400,000 RM 10,410
2.5
2.5 out of 5 stars (based on 21 reviews)
Excellent14%
Very good14%
Average24%
Poor0%
Terrible48%

No Title

November 20, 2024

The loan process was smooth, and the customer service was very helpful. The interest rate was a bit high though, but otherwise, everything went well. Satisfied but can be improved.

Avatar for Zhu Wen Li
Zhu Wen Li

No Title

November 20, 2024

I applied and got approved quite quickly. But then, I realised got some fees that weren’t mentioned earlier. Still, I got the money I needed, so I guess ok lah, but be careful with the extra charges.

Avatar for Mariam
Mariam

No Title

November 20, 2024

Maybank processed my loan quickly and the staff were polite. The only downside is the interest rate, which could be a little more competitive. Still, everything was easy and straightforward.

Avatar for Hui Ping 33
Hui Ping 33

No Title

November 20, 2024

I applied for the loan, and the process was very fast! I received the loan amount quickly, and everything was clear. The interest rate was reasonable too. Very happy with the service lah! Recommended!

Avatar for Yusof
Yusof

No Title

November 20, 2024

I’m very happy with Maybank’s service. I applied online, and the loan was approved so quickly. The staff was helpful and explained everything clearly. Highly recommend if you need a loan fast!

Avatar for Lily Tan
Lily Tan

No Title

November 20, 2024

I’ve dealt with other banks, but Maybank was by far the best. The loan was approved in no time, and I got everything I needed. Transparent and no hidden fees, I’m very satisfied. Definitely a 5-star service.

Avatar for Ying Jie
Ying Jie

No Title

August 29, 2024

Approved loan by May, Agreement haven’t send by 24 July. The banker do things very very very slow.

When sign loan documents, he ask me to sign inside the car, even I want to sign inside a cafe, he just guide me sign, never explain the details at all.

Avatar for Adeline
Adeline

No Title

August 29, 2024

If you want to attend tuition class on how to use online banking, do come to this branch. All the frontline staff busy teaching people how to use internet. Though you arrive earlier, you need to wait for almost 30 minutes to one hour just for simple transactions. Not only that, some staff were quite rude and wrong information was given. Only certain groups have VIP treatments.

The house loan department even worse, no one at the counter despite waited for 15 minutes.

Overall, bad service and rude staff.

Avatar for fridaus
fridaus

No Title

August 29, 2024

Personal loans are higher than credit cards. Do a buy where you pay in parts to a seller every month. This eay you wont pay the insane loans.

Some sellers online and offline have this payment facility. Some online some offline that let you pay for expensive items in a fixed amount over a fixed time

Avatar for syed
syed

No Title

August 29, 2024

Dont go for personal loan. The interest rate does not worth it at all. I dont get it how you can clear the loan early but you need to borrow the money now. Overestimating brings alot of trouble.

Avatar for Xin Yu
Xin Yu

Maybank Education Financing/-i


Profit Rates Based on Financing Amount & Tenure:

Borrow Amount Financing Period Profit Rate
RM10,000 – RM400,000 Flexible 4.10% p.a. – 7.25% p.a.

Note: Final rate is subject to Maybank’s approval.


Key Highlights:

  • Profit Rate: From 4.10% p.a.
  • Financing Amount: Up to RM400,000.
  • Repayment Period: Flexible, up to 30 years.
  • No Early Settlement Penalty: No exit penalty if the loan is paid off early.
  • Collateral Value: Financing up to 150% of collateral value.
  • Coverage: Includes local and overseas education, including twinning programmes.

Profit Rate:

  • Starting from 4.10% p.a. depending on loan amount and tenure.

Key Features:

  • Min. Financing Amount: RM10,000.
  • Max. Financing Amount: RM400,000.
  • Repayment Period: Up to 30 years with flexible schemes.
  • Joint Borrowers: Up to 3 joint borrowers (immediate family members).
  • Loan Purpose: Financing for education, including local and overseas institutions.
  • Grace Period: 6 months grace period after study period to start repayment.

Fees & Charges:

  • Stamp Duty: As per the Stamp Act 1949 (Revised 1989).
  • Letter of Offer: RM10 per copy.
  • Facility Agreement: RM10 per copy.
  • ASB Certificate Fee: RM100 (if applicable).
  • Legal Fees: To be paid directly to the solicitor (based on advice).
  • Late Payment Penalty: 1% p.a. on overdue amount, subject to a 7-day grace period.

Eligibility:

  • Age Requirement:
    • Main Applicant: 18 – 35 years old (Undergraduate) or 18 – 45 years old (Postgraduate/Professional Programme).
    • Joint Applicant: 21 – 65 years old (not exceeding 70 years at the end of financing period).
  • Minimum Household Income: RM5,000 (combined household income for joint applicants).
  • Educational Requirements: Applicants must be pursuing a degree or postgraduate programme recognised by MQA or MoHE.
  • Nationality: Malaysian citizens only.
  • Joint Borrowers: Up to 3 joint applicants, limited to immediate family members.

Required Documents:

  • For Main Applicant:
    • NRIC (copy).
    • University admission/enrolment letter (for prospective students).
    • Latest exam results and course fee schedule (for existing students).
  • For Secured Financing:
    • Individual/strata title or SPA, or copy of FDR/IFD-i/GIA-i certificate or ASB statement.
  • For Joint Applicants:
    • NRIC (copy).
    • Documents for education (admission/enrolment or course fees schedule).

Who Can Apply?

  • Malaysian Citizens.
  • Main Applicant:
    • 18 to 35 years old (Undergraduate student).
    • 18 to 45 years old (Postgraduate/Professional Programme student).
  • Joint Applicants:
    • 21 to 65 years old (not exceeding 70 years at the end of the financing period).

Loan Usage:

  • Financing for local and overseas education, including twinning programmes.

How Fast Can I Get the Loan?

  • Approval Time: Typically within 3 working days.

How to Apply:

  1. Complete the Maybank Education Financing/-i application form.
  2. Provide the necessary supporting documents.
  3. Submit the application online for processing.

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