EDUCATION FINANCING-i BANK RAKYAT
Since inception, Yayasan Bank Rakyat has been working towards its goal of raising the socio-economic status of impoverished Malaysian citizens, irrespective of race, religion or gender, through education, whilst simultaneously encouraging an atmosphere of mutual cooperation and assistance amongst Malaysians.
Through innovative strategies and stimulating programmes aligned with these goals, YBR aim is to create productive and highly skilled human capital: well-rounded, capable individuals with a sense of integrity and accountability, who are able to participate and benefit from the nation’s economic growth and development, and contribute towards global harmony and prosperity.
FEATURES
- Financing is up to RM1 million
- Tenure is up to 20 years (Inclusive of grace period up to 4 years)
- Takaful Coverage is optional
- Disbursement direct to learning institution
- Rate is low 3.99% (flat) per annum
ELIGIBILITY
- Malaysian citizen
- Minimum fixed monthly Income RM2,000
- Minimum age 18 old and maximum 60 years old (at the end of the financing tenure)
- Applicant (Student or Immediate Family Members)
RATES
Tenure |
Effective Rate |
Flat Rate |
1-20 years |
6.25%- 9.75% Per annum |
3.31%- 6.38% Per annum |
INSTALLMENT METHOD
- Biro Perkhidmatan Angkasa (BPA)
- Salary Transfer to Bank Rakyat
- Salary Deduction
- Electronic Payment
FINANCING
- Financing is up to RM 1 million inclusive cost of living
ONLINE APPLICATION
- To apply for Education Financing-i rakyat, please login at: https://www.irakyat.com.my/
OTHER QUESTIONS?
Yayasan Bank Rakyat
8th Floor, Tower 1, Menara Kembar Bank Rakyat,
No.33, Jalan Rakyat, 50470, Kuala Lumpur, Malaysia
T +603 2612 9600
F +603 2260 1050
E yayasan@bankrakyat.com.my
DOCUMENTS
Documents Required |
Public |
Private |
Pensioner |
Business Owner / Professional |
Commission Earners |
Copy of MyKad/MyTentera |
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Latest 3 months salary slip |
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Latest 3 months Bank Statements |
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Latest Bank Statement for 6 months transactions |
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EPF Statement |
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And at least one (1) of the following:
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Copy of government or army pensioner card |
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Confirmation Letter Pension Transfer to Bank Rakyat |
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Pension (JPA) / Ledger (JHEV) Statement |
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Business Registration Certificate |
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Form ‘B’ sent to LHDN / Receipt Payment |
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License / membership of the Board of Trustees Recognized (Professional) |
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Form A & D Registration Form 24 & 49 of company |
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Statement of commission 6 months |
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Original copy of university / college acceptance letter / certified true copy by University |
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Original copy of course fee schedule |
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