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KOJADI Education Loan Scheme For Students of Foundation Programmes
(S-PUF)                                                                                                                                                              


Name of the Loan Scheme
KOJADI Special Education  Loan Scheme For Students of Foundation Programmes (S-PUF).

Governing Rules
:
The implementation of S-PUF is governed by the Rules of KOJADI Special Education Loan Scheme.

Eligilibility of Loan Applicant
:
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.

Eligibility of Loan Recipient
:
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.

Loan Ceiling
Not exceeding RM15,000.
Loan recipients enjoy additional loan facility upon their successful admission into a university programme.

Repayment
Repayment of loan shall commence 3 months after completion of the approved foundation program and the maximun repayment period shall not exceed 6 years.

Interest Rate
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.