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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 (Minimum Salary RM 1,000.00 each)
Interest rate :
- FREE during and after duration of course
- 8% after study period
Maximum Scholarship
- Malaysia / Singapore : RM 2,000 per academic year (for 6 years)
Repayment Period : Repayment for each academic year will be over a period of 2 years
Processing Fee : RM 50 + Stamp Fee charged on value approved
