2010 KOJADI'S SPECIAL LOAN SCHEME (S-TAR)
FOR TARC GRADUATES ATTENDING TOP-UP SUMMER PROGRAMS
1. Terms & Conditions of The Study Loan
1.1 Loan Amount Applicable
(a) RM10,000 (b) RM15,000 (c) RM20,000 (d) RM25,000 (e) RM30,000 (f) RM35,000
1.2 Loan Interest Rate :
1.2.1 For existing member of KOJADI with minimum 5 years membership :
|
1st year |
2nd year
until full settlement |
|
5.8%
(on a monthly rest and
reducing balance basis) |
6.8%
(on a monthly rest and
reducing balance basis) |
1.2.2 For new member :
|
1st year |
2nd year
until full settlement |
6.8%
(on a monthly rest and
reducing balance basis) |
7.8%
(on a monthly rest and
reducing balance basis) |
1.3 Repayment of Loan :
By equal monthly installment commencing from 4th month after graduation.
1.4 Servicing of Loan Interest :
Loan member may choose TO SERVICE OR NOT TO SERVICE the monthly loan interest during
study period.
* (Subject to terms and conditions laid down by the Society from time to time.)
 Tentative Repayment Schedule and mode of calculation of loan interest
1.5 Pre-Requisite For Loan - Shares & other payments required :
|
Loan Amount Applied For
|
| Category |
RM10,000 |
RM15,000 |
RM20,000 |
RM25,000 |
RM30,000 |
RM35,000 |
|
a) Applicant (Parent/Guardian) |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
| b) Norminee (Student) |
RM110.00 |
RM110.00 |
RM110.00 |
RM110.00 |
|
RM110.00 |
| c) Processing Fee |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
RM200.00 |
|
|
|
|
|
|
|
|
| Sub-Total # |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
RM420.00 |
|
|
|
|
|
|
|
|
| d) Additional Shares |
RM500.00 |
RM500.00 |
RM500.00 |
RM1,000.00 |
RM1,000.00 |
RM1,000.00 |
|
e) Insurance Premium* |
RM133.10 |
RM199.65 |
RM266.20 |
RM332.75 |
RM399.30 |
RM465.85 |
|
|
|
|
|
|
|
|
| Total |
RM1,053.10 |
RM1,119.65 |
RM1,186.20 |
RM1,752.75 |
RM1,819.30 |
RM1,885.85 |
# Important Note : Our society has introduced a new practice by allowing applicants to use partial loan for Additional
Share subscription and insurance premium. As such, loan applicant shall only pay RM420.00 at
the time of submission of loan application, the corresponding additional share payment and
insurance premium ( item d & c ) will be deducted from the approved loan.
* Note : Based on student aged between 18 - 25 years
| Age of Student |
RM10,000 |
RM15,000 |
RM20,000 |
RM25,000 |
RM30,000 |
RM35,000 |
| 18-25 |
RM133.10 |
RM199.65 |
RM266.20 |
RM332.75 |
RM399.30 |
RM465.85 |
| 26-35 |
RM159.00 |
RM238.50 |
RM318.00 |
RM397.50 |
RM477.00 |
RM556.50 |
1.6 Tentative Monthly Repayment Amount
| Loan Amount |
Repayment Period |
Monthly Amt. (Estimation) ** |
| RM10,000 |
4 years |
RM254 |
| RM15,000 |
6 years |
RM273 |
| RM20,000 |
8 years |
RM293 |
| RM25,000 |
8 years |
RM366 |
|
RM30,000 |
10 years |
RM376 |
| RM35,000 |
10 years |
RM438 |
** Without loan interest servicing during study period
2. Manner Of Loan Submission / Loan Disbursement
STEP 1 : Send in your loan application form to TARC Student Affairs Department or to KOJADI’s HQ
together with all the necessary documents as stated in the " Loan Application
Documentation Checklist".
Please exclude letter of admission or university's offer letter if such document is not
available at the time of submission of loan application.
Deadlines for submission of loan application form : 26-02-2010 (Friday)
STEP 2 : KOJADI will send legal documents to you wthin 5 weeks (Loan Agreement, Loan
Guarantee, etc.) upon acceptance and approval of your loan application.
Return the legal documents duly signed by the student, parent and guarantors to TARC
Student Affairs Department within 2 weeks or at such date as stipulated in the load offer letter.
Note :
1. The study loan will be released to the member (parent) OR loan beneficiary (student) by cheque in one lump sum.
2. Expected date of disbursement of loan: Mid. May 2010.
(Subject to confirmation of enrolment to University by TARC)
3. For more information, please contact KOJADI at 03 - 21616499 Ext: 127, 130, 131, 133 or log on to
KOJADI website : http://kojadi.my or send your enquiry to 
Office Hours : Monday - Friday ( 8:30am - 5:30pm )
Address : 11th Floor, Wisma MCA
163, Jalan Ampang,
50450 Kuala Lumpur.
Fax : 03-21621413
Briefing sessions on KOJADI Special Loan for Graduates of TAR College
going for Top-Up Summer Program in 2010
|
Date |
Time |
Venue |
|
03 March 2010 (Wednesday) |
10:00am - 12:00pm |
DK ABB |
|
03 March 2010 (Wednesday) |
2:00pm - 3:30pm |
DK A |
For more information, please contact KOJADI's office at 03-21616499 (Monday - Friday)
or TAR College's SAD
|
S-tar
