Actually citibank gave me 6x my monthly income but the interest rates were sky high (~10% per year cumulative, almost 20% APR). This is worse than credit card loan, practically ah long level.

simplykah I went through this some months ago and the only reason I can think of is that the banks in Malaysia want to milk their customers out of as much money as possible. Education loans don't make enough money, personal loans make more money so personal loans is the only one you get. I hate personal loans, they're worse than credit cards IMO.

Several years back Citibank and RHB had educational loans but when I asked recently they all have cancelled it and only have personal loans. I was lucky that I had alternatives and the school was very understanding in providing a payment plan but with most schools out there you won't be so lucky. Also don't forget to look at loans where your university is, there may be options there.