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Name of the Loan Scheme |
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KOJADI Special Education Loan Scheme For Students of Foundation Programmes (S-PUF).
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Governing Rules |
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The implementation of S-PUF is governed by the Rules of KOJADI Special Education Loan Scheme.
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Eligilibility of Loan Applicant |
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A Malaysian citizen above 18 years of age related to the student of a foundation programme by way of immediate family members, relatives, guardian etc. who :
* is required to be a member of KOJADI ;
* must nominate the foundation programme student to be the
potential loan recipient ;
* is required to subscribe for RM500 of additional KOJADI shares
for a study loan from KOJADI.
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Eligibility of Loan Recipient |
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A student of a recognised foundation programme the course duration of which should not exceed 24 months and which includes :
* Pre-University Programs such as GCE “A” level, Canadian
Grade 13, South Australian Matriculation course or their
equivalent; and
* Foundation Programs which are acceptable as an entry
qualification to tertiary education, preferebly an undergraduate
programme.
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Loan Ceiling |
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Not exceeding RM15,000.
Loan recipients enjoy additional loan facility upon their successful admission into a university programme.
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Repayment |
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Repayment of loan shall commence 3 months after completion of the approved foundation program and the maximun repayment period shall not exceed 6 years.
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Interest Rate |
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5.8% - 6.8% p.a at monthly rests for existing members with 5 years membership and 6.8% - 7.8% p.a at monthly rests for new members or such other rates as may be prescribed by the Board from time to time. |
