Education Loan

Get 2 times your pledged Fixed Deposit amount RM500,000 Maximum Loan 10 Year Tenure No Legal Fees Flexible Terms
Example: Pledge a Fixed Deposit amount of RM50,000 and receive a RM100,000 education loan. The RM50,000 Fixed Deposit you pledged to OCBC Bank will earn interest. With access to more cash, you have wider education choices for your child or yourself. Stretch your facility tenure up to 10 years, for greater ease of repayment. Save on costs as no legal fees are incurred with this facility. Service only the interest portion for the first 3 years or start repaying with full instalments. The choice is yours!
Get 2 times your pledged Fixed Deposit amount
Example: Pledge a Fixed Deposit amount of RM50,000 and receive a RM100,000 education loan. The RM50,000 Fixed Deposit you pledged to OCBC Bank will earn interest.
RM500,000 Maximum Loan
With access to more cash, you have wider education choices for your child or yourself.
10 Year Tenure
Stretch your facility tenure up to 10 years, for greater ease of repayment.
No Legal Fees
Save on costs as no legal fees are incurred with this facility.
Flexible Terms
Service only the interest portion for the first 3 years or start repaying with full instalments. The choice is yours!

Eligibility

  • Malaysians only
  • Age 23 to 60 years old
  • Minimum income of RM7,500
Only selected Universities/Colleges are eligible for the OCBC Earn&Learn Education Loan.

Documents (for both borrower and guarantor)

  • Photocopy of NRIC (front and back)
  • Original copy of University/College acceptance letter
  • Original copy of course fees schedule
  • Other documentation as may be required by the Bank
Income documents:
Employed
Self-Employed
  • Last 3 - 6 months' salary slips, supported with EPF statements and/or bank statements
  • Latest Borang B and payment receipt, supported with bank statements (if applicable)
  • Business Registration Certificate and past 6 months' bank statement
Employed
  • Latest EA form and last 3 months' salary slips
  • Latest form B/BE and payment receipt
Self-Employed
  • Latest form B/BE and payment receipt
  • Business Registration Certificate and last 6 months' bank statements



Talk to us to find out more

Consult our Personal Financial Consultants and get advice for your education loan needs with no obligations.

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  • Other Terms and Conditions apply
  • For full Terms and Conditions of OCBC Earn&Learn Deposit Deal, please click here
  • Fixed Deposit is insured by PIDM