Student Loan | OCBC Malaysia

OCBC EDUCATION LOAN

Secure additional funding for your child's higher education

Why you will love this

Covers any shortfall up to RM250,000*

Covers both local and overseas institutions, including twinning programmes

Settle your loan amount anytime

Who can apply

Malaysian citizens between 21 and 60 years old (both years inclusive)

Minimum monthly gross income of RM7,500

The OCBC Education Loan can help to supplement the funds that you have set aside for your child's higher education.

FEATURES AND BENEFITS

Coverage amount

Helps to cover any shortfall of your existing study funds, up to RM250,000*.

Global coverage

Covers both local and overseas institutions, including twinning programmes.

Loan settlement

Loan amount can be settled anytime.

Repayment tenure

Stretch the repayment tenure up to 7 years.

*Subject to OCBC Bank's credit assessment and approval; subject to terms and conditions as may be imposed.

BEFORE YOU APPLY

Eligibility requirements

Age

Between 21 and 60 years old (both years inclusive)

Documents required

Photocopy of NRIC (front and back)

An original copy of University/College acceptance letter

An original copy of course fees schedule


Income documentation

Employed

Last 3 to 6 months' salary slips supported by EPF statement and / or Bank statements

Self-employed

Latest Borang B and payment receipts, supported by Bank statements (if applicable)

Business Registration Certificate and Current Account statements for the last 6 months


Terms and conditions

Product Disclosure Sheet (EN)

Product Disclosure Sheet (BM)

  • All applications for OCBC Education Loan are subject to OCBC Bank's credit assessment and approval and other applicable terms and conditions.
  • Loan disbursement is subject to the satisfactory fulfilment of the terms and conditions required in OCBC Bank's Letter of Offer.
  • Please read the OCBC Education Loan Product Disclosure sheet for more information.
  • The University/College or other education institution must be acceptable to the Bank.

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