Hello all,

Anyone got any idea where to borrow a big loan for education. I need at least RM200000 with guarantor. The total fee is about RM280000.

Please help me. Thank you.



http://www.bankrakyat.com.my/pendidikanifalah (max RM200k)
* I want to find other solution beside this

This post has been edited by POYOZER: Dec 20 2009, 10:58 PM

Hi,

Local or Overseas? Tuition Fees only or Living Expenses too?

try out banks,they have study loans. what degree are u going to do

Local. If can cover the tuition fees is more than enough already.


I already asked CIMB. They don’t have education loan. I’m going to take professional course (CPL/IR).

Few banks today have educational loans. Bank Rakyat is the only one, but I doubt they'd do CPL/IR, when I asked they only said MQA certified universities only. Most banks will try and steer you towards personal loans which is BS IMO. If you can, do a property refinancing or something similar.

Good luck.

If possible I want to avoid the personal loan because the interest is killing me. That is my last solution if I cannot get any education loan. The course is about 2 years.

You suggest me to take property loan?

the last check with the bank - rhb bank seems like still offering study loan, you need to show them your letter of offer, then only tell u more info, if i am not mistaken, you will need collateral to do so.....check it out with the officer (cos the last i checked was like 5-6 months ago)

POYOZER,

Spending 280K for 2 years of education. You need to earn about 280K X 2 = 560K to pay back. So, I hope that you do enough ROI study to make sure that it is worth it.

Dreamer

I don't think it worth it.
RM200k for two years study and taking loan?

What those professional course take worth a house?
Do you think you are able to pay off after you finished?

Nowsaday most courses can be offered locally. Why you want to go UK?

If you want to travel there, just spend 20k and make a round trip throughout the UK/europe. Two years travel is too much.
Then you spend a few ten k to study in local institution, isn't that be better?

hey man, if you really do that, you life will be difficult when you come back.. 200k may cost you a life to pay back..

You must be a young graduate that never work before.. Please learn how to earn money before you learn how to spend.. working money is something hard-earned.

i thought he said he is going to do it locally? did i misread sth?

anyways, if 200k for 2 years' study locally, personally i don't think worth it. it would be better if u use that 200k to study overseas, it's enough to study for 1-2 years. really, spending more than rm100k to study locally not a wise idea, somemore you are taking a loan


and as i know, most banks in malaysia cancel education loan even rhb bank, only bank rakyat and agro bank.

This post has been edited by silentpeas: Dec 22 2009, 10:54 AM

200k educational fee is too high and if you earn 5k a month then, you need 3 years + 4 mths to repay all (just principal only) without any living expenses...

believe me, CPL/IR 280k is cheapest already.

This is your commercial pilot license with IR isit?

Private student for commercial piloting license is around that price anywhere in the world

Hello all. Yeap, the course I planning to take is Commercial Pilot License.

Today, I went to few banks such as RHB, CIMB, Public Bank, Bank Rakyat, Ambank and Bank Islam. Bank Rakyat they have education loan but they doesn’t give loan for this course. Ambank got education loan but not for adults. Other banks only provide Personal Loan and they prefer government servants. Only Bank Islam can give me the education loan for pilot. The maximum loan is RM150000 and I still need to find another RM100000.

By the way, how much will they pay after graduating the pilot course?

If it is high enough, then it worths a try..

Just make sure you can get back what you spend..

Becoming a pilot should be a high-end job, in my opinion, not everyone has the chance..

The basic for Air Asia is RM4500 for starting.

why you don't ask sponsorship from airasia?

then better get bond by them..

since you already determined to be pilot..

I was working for few years already. They give priority to those who just finished their SPM and also they only open a very few slots for public. The others slots are for their own people including staff. That is what I heard from their top management. The chances for me to get is very slim. I’ve tried already but didn’t get. And the selection itself already takes a very long time. There are many stages to go. My age is almost reaching the maximum limit for Ak Cadetship. I need to compete with so many people for just 2 slots (for public). Can you imagine how many straight A’s students applying and I need to compete with?



This post has been edited by POYOZER: Dec 22 2009, 10:28 PM

How sure are you that Bank Islam provide education loan as I called them up today and they said they do not provide education load at this moment (They do previously) but not now.

Hmm... - Also please state which branch did you visit and when because I would like to confirm this again with the respective branches.

Thank You

This post has been edited by unicode: Dec 23 2009, 09:57 AM

I went to Putra Heights branch. They not provide education loan? So weird. I need to re-check again for confirmation. Btw, the interest rate is quite low.

I don't think they do anyway, I've re-check again with the branch you visit (Putra Heights, Selangor) and they keep saying no such loan available since last 3 months ago.

bank rakyat didnt give loan to pursue piloting? damn...ambank do give loan for spm leaver? how bout interest?

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Added on December 24, 2009, 3:01 amits not easy like that to become selected. unless you stand out from crowd by becoming best students, or you have insider, then it totally nearly impossible.

This post has been edited by Shah_15: Dec 24 2009, 03:01 AM

I just re-check again at different branch, PJ, the previous one is Putra Heights told me the wrong info. They don’t have Education Loan.

The previous one told me I just need to pay 5.5% interest for 15 years. And today, the different branch told me I cannot get the 5.5% interest. But for non-government servants need to pay about 8% for 10 years.




I didn’t ask much about Ambank because they give priority for gomen only. Private cannot get.

Totally agree with you.

Hi,

Does that mean they only provide you with Personal Loan?

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Added on December 26, 2009, 10:59 pmI do hope that Poyozer will at least clarify this!

This post has been edited by unicode: Dec 26 2009, 10:59 PM

The last post was on 24th dec,

so, POYOZER do u manage to join the flying academy now?

Hello Cpt. Penanya,

I didn’t manage to enter the aviation world due to financial problem. I cannot get education loan and also I cannot get a big personal loan because my parent is not a government servant. The small personal loan, the interest rate is very high. The max I can get is below RM100k which is still far away to go.

Firstly correction, im not a captain besides im not even a pilot yet,
Im struggling to enter Apft or being under Ak's cadet, perhaps.
Finance is the main obstacle now, and thats why ive been askin u as maybe im able to gain some information
Well, cheer up bro if theres a will theres a way.

poyozer: if you don't mind sharing, which banks were the ones that allowed big personal loans for government staff?

and by how *big* is big?

Well dude, if you have a property and work in government, i think you can loan a lot with your property as the lease..
Can stretch to 200k plus perhaps..
That's what I heard from people btw..
My fren'z dad is a banking officer and he said so..
Lol..

Good luck bro
Hmm...i heard from rumor on last year, MARA will unfreeze the loan by this year.


Bank Islam. They can give you about RM150k. For private, below RM100k. I forgot the exact amount.

Er,sorry to interrupt.So bank negara did offer educational loan for spm leaver?May i know the rate?(i tried searching the net but to no avail)
Thanks

Finally I found the solution without borrowing from any bank after been hunting for many years. I feel so grateful now I got chance to pursue my studies. Nothing is impossible if you believe!

This post has been edited by POYOZER: Jun 7 2011, 03:09 PM

well done.. Pls share ur solution.. as long as its not from along!

Good luck in your study...

Hahaha, well, APFT is a good start. Now work hard so that you can stand out after graduation and get an airliner job easily. Cheers brah, good luck!

hey POYOZER, mind to share what's ur solution? im currently looking for loan as well.

Mind to share the solution bro ? Currently need one right now because thinking about pursuing my study in Taylor.

hello there..2012 is nearly end..i just completed my diploma in architecture..and i have decide that i wanna pursue pilot instead of continue my study in architecture..the problem is i dunno where to get study loan to fund my course..im taking cpl course if there is any loan provided..plz anyone out there help me..im 22 years old