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CIMB Education Loan February 21, 2007

Posted by rajindran in Education Loan.
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Education is the most important investment one makes in life. Whether you need to pay for your children’s studies or your own, our education loan help you finance up to the full cost of education.

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 ChargesClick for details on education loan fees and charges

Mode of payments

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

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

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