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Home - Education - T.Kandiah M.B.E. Education Fund

Education

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Minimum Period of Membership for Eligibility

  • Member - 3 years
  • Children of Member - 5 years
  • Children of Deceased Member - 5 years ( member must have been in benefit at the time of death)

A minimum of RM10 subscription a month is required during the loan period

No. of Surety / Guarantors or Collateral
  • 3 Guarantors

Interest rate :

  • 4 % During Study Period
  • 8% After Study Period
  • 15% If Exceed Repayment Period

Maximum Loan Amount :

  • RM 9,000 disbursed over a period of 3 years

Repayment Period : Repayment will be done over a period of 4 years from date of completion of the course

Processing Fee : RM 50 + Stamp Fee charged on value approved