50% Study Loan (50% total cost of studies)
Required qualification
- At least possess 2 As (Any 2 of the 3 subjects, i.e. English, Math, and one Science subject) and
- 3 credits (including one Science subject, and two other subjects) in SPM / UEC / O-Level or equivalent.
Duration of Repayment
The repayment period will be at most 6 years with or without interest incurred.*
Note:
Recipients will be required to repay the loan starting from the 7th month after completing the whole programme / withdrawing from the Institute without completing the whole programme. The repayment methods are as listed below:
- No interest will be charged if the repayment is completed within the first 3 years.
- An interest (4% p.a monthly rests) will be charged on the remaining loan amount starting from the 4th year till the repayment is completed within 6 years.
- The minimum monthly payment is RM300
25% Study Loan (25% total cost of studies)
Required qualification
- At least possess 1 A (English or Math) and
- 4 credits (including English, Math, one science subject, and two other subjects) in SPM / UEC / O-level or equivalent.
Duration of Repayment
The repayment period will be at most 5 years with or without interest incurred.**
Note:
Recipients will be required to repay the loan starting from the 7th month after completing the whole programme / withdrawing from the Institute without completing the whole programme. The repayment methods are as listed below:
- No interest will be charged if the repayment is completed within the first 2 years.
- An interest (4% p.a monthly rests) will be charged on the remaining loan amount starting from the 3rd year till the repayment is completed within 5 years.
- The minimum monthly payment is RM250.
Special Study Loan (25% total cost of studies)
Required qualification
At least possess 5 credits (including English or Math, and 4 other subjects) in SPM / UEC / O-Level or equivalent.
Duration of Repayment
The repayment period will be at most 5 years with interest incurred.***
Note:
Recipients will be required to repay the loan starting from the 7th month after completing the whole programme / withdrawing from the Institute without completing the whole programme. The repayment methods are as listed below:
- Interest (8% p.a monthly rests) will be charged on the loan amount till the repayment is completed within 5 years.
- The minimum monthly payment is RM250.
