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

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