Eligibility

For full time students:

* Joint borrower between the students and one co-borrower.
* Acceptable co-borrower are: Parents, siblings, relatives or guardians with adequate repayment capacity
* Student must be 18 years old or above.

For part time students:

* Student must provide one guarantor.
* Acceptable guarantors are: Parents, siblings, relatives or guardians with adequate repayment capacity.
* Student must be 18 years old or above.


Features and benefits
Minimum loan amount is RM10,000 and maximum loan amount is RM100,000.
As low as 30% security requirement in the form of fixed deposit. Maximum loan tenure is 10 years.
The loan covers:

* Part time or full time studies.
* Government (Kementerian Pendidikan Malaysia and Jabatan Perkhidmatan Awam) approved courses (local and overseas).
* Diploma, Degree, Masters or PHD.
* Acceptance of local & twinning programmes or overseas universities.

Fees and Charges
Click for details on education loan fees and charges

Mode of payments
You can make payments via online banking, or
Pay your monthly installments at any CIMB Bank branch, ATM and Cash Deposit Machine (CDM), or
Set up automatic payments via standing instruction.

http://www.cimbbank.com.my/


hi i want to apply to cimb education loan,can somebody help me?
is it easy to get?
and is it fast for approval?
do i need find guerantor?
or just need find the deposit?

hope seniors can help

This post has been edited by wusuhong: Apr 26 2009, 04:36 AM

y not ptptn?

They mentioned that you need a co-borrower for full-time courses (in other words, a guarantor) and part-time students have to provide a guarantor, and they also require a 30% collateral in FD. Once you fulfill these requirements, then you can get the loan.

I went to approach this loan 2 weeks ago with CIMB.


1. FD of 30% of the loan amount (But when i called them , they said need 40% FD for oversea university)
2. Your course and University must be recognized by Malaysia Higher Education Department.
3. Your course offer letter & invoice.
4. If i do remember correct, the rate is BLR+0.75%.


They will issue the cheque to the University, not you.

For your guarantor part, the requirement document is same with other home loan application.

1. IC
2. Payslip (3 months)
3. EPF


I personally went thru this, and really if u have a house, try to refinance to get cash, it is so much cheaper in interest (BLR-2.2% now) and no need 30% of FD, which is stupid, if i have so much money, why do i still borrowing loan.

so need how long the money can come out?
so if i want to borrow ptptn + cimb bank loan is it possible?
the course 40k,ptptn loan 24k only so need another 16k.

---

Added on April 27, 2009, 12:30 amany body can help me?

This post has been edited by wusuhong: Apr 27 2009, 12:30 AM

bank loan is expensive, i hv a fren borrow ptptn + bank loan

now every month paying 700+ to settle loan,

possible tht u can try to find part time u can settle 16k.

The interest rate is very high if compared to PTPTN...

oic,so its possible to take bank education loan+ptptn?
cause i phone ptptn they say either one,so?
will ptptn know if i borrow from bank with my name?

better borrow from PTPTN only after that if not enough only find others alternative

oic thanks for the advice really appreciate