Education Financing-i


Education Financing-i

Take a step towards achieving your aspirations! With a Bank Rakyat Education Financing-i, you are able to focus on your studies while we take care your financial needs.




  • Malaysian citizen
  • Minimum age of 18 years old and maximum 70 years old at the end of the financing tenure
  • Minimum fixed monthly income of RM2,000


  • Financing up to RM1,000,000
  • Tenure up to 20 years (inclusive of grace period)
  • Grace Period based on study period OR maximum four (4) years; whichever comes first
  • Takaful coverage are optional
  • Guarantor is required
  • Collateral :
    Financing Amount (RM)Value Of Collateral
    < 250,000No collateral
    250,001 – 500,00050% from financing amount
    >500,000 to 1 million

    75% from financing amount

  • Type of collateral acceptable by the bank :
    • Mortgage
    • Term Deposit-i Account Bank Rakyat
    • Unit Trust Amanah Saham Bumiputera (ASB)

    Profit Rate

    • Salary Transfer to Bank Rakyat
    • Biro Perkhidmatan Angkasa
    • Salary Deduction
    SBR + 4.50%
    • Electronic Payment

    SBR + 6.50%

    *Note :

    1. Current Standard Base Rate (SBR) is 3.00%
    2. Additional profit rate of 1.50% over the current profit rate for financing without takaful
    3. Ceiling Rate = Effective + 4.00%

    Required Documents

     Fixed IncomeNon Fixed Income
    DocumentsPublicPrivatePensionerBusiness Owner/ ProfessionalCommission Earners
    Copy of Mykad/ My Tentera///


    Latest 3 months' salary slip// 


    Latest 3 months Bank Statement//   
    EPF Statement. /   
    • At least one (1) of following document:
    • Confirmation letter from employer
    • EA form
      Copy of government or army pensioner card     
      Confirmation Letter Pension Transfer to Bank Rakyat  /  
      Pension (JPA) / Ledger (JHEV) Statement  /  
      Latest bank statement for 6 months transactions  // 
      Business Registration Certificate   //
      Form 'B' sent to LHDN / Receipt payment   / 
      License / membership of the Board of Trustees Recognized (Professional)   //
      Form A & D Registration Form 24 & 49 of company   / 
      Statement of commission 6 months    /
      Original copy of university/college acceptance letter/certified true copy by university/
      Original copy of course fee schedule/

      Fees & Charges

      Custodian of security documents (post settlement)RM10/set/month
      Stamp duty0.5% of total financing as contained in the Stamp Duty Act 1949.
      Legal Fees (if applicable)All legal fees and incidental expenses related to your financing
      Wakalah FeeN/A
      Disbursement FeeIncluded fees for registration charges and other related charges
      Early Settlement FeeNo Charges
      Late Payment ChargesDuring the financing tenure :
      1% per annum on the outstanding amount of the monthly payment

      After expiry of financing tenure :
      Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance

      Product Disclosure Sheet

      Illustration Payment Schedule

      For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

      *Terms and conditions apply.

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