Education Loan
Education Loan Scheme
Make your education journey easier with the PTPK & KOJADI Education Loan Schemes! These financial aid options offer eligible students the opportunity to secure government loans that cover tuition fees, so you can focus on your studies without the stress of tuition costs. Whether you’re looking for the PTPK or KOJADI scheme, we’ve got you covered—helping you achieve your educational goals and turn your dreams into reality!
Perbadanan Tabung Pembangunan Kemahiran
Applicant Requirements – School Leavers
- Must be a Malaysian citizen, aged 15-45 at loan approval.
- Not bankrupt or blacklisted.
- In good health and able to work after completing training, including applicants with disabilities.
- Cannot receive other government or financial sponsorships during training.
- Must not be a school student or enrolled in any higher education institution.
Guarantor Requirements
- Must be a Malaysian citizen, aged 21-50.
- Minimum income of RM700 (except for parents/guardians).
- Not bankrupt, and in good health.
- Borrower cannot be a guarantor during the training period.
- Self-employed guarantors must follow specific application procedures.
KOJADI Education Loan Scheme
KOJADI Education Loan
- Must be a Malaysian citizen, aged 15-45 at loan approval.
- Not bankrupt or blacklisted.
- In good health and able to work after completing training, including applicants with disabilities.
- Cannot receive other government or financial sponsorships during training.
- Must not be a school student or enrolled in any higher education institution.
KOJADI Education Loan
- Prerequisites For Education Loan Application
- The applicant(s) must be a member of KOJADI with RM500 initial shares in KOJADI.
- At the time of application for a loan, the applicant (student) must have gained admission to an approved institution of higher learning locally or abroad.
- Prerequisites For Education Loan Application
| Requisite payment for Education Loan Application | ||
| a. | Student Membership Share | RM500.00 |
| b. | Co-Applicant Membership Share | RM500.00 |
| c. | Membership Entrance Fees* | RM20.00 |
| Total Membership Fees | RM1,020.00 | |
| d. | Processing Fee* (non-refundable) | RM50.00 |
| Total initial payment | RM1,070.00 | |
THE FOLLOWING ARE THE INITIAL PAYMENT WHEN SUBMITTING YOUR APPLICATION:
- A cheque for RM1020*being membership initial share and entrance fee
- A cheque for RM50*being initial loan processing & administration fee
Please issue TWO(2) separate cheques/bankdrafts/wangpos to facilitate processing and made payable to “KOPERASI JAYADIRI MALAYSIA BERHAD”
| Payment for Approved Education Loan Application | ||
| e. | Processing & Administration Fee* | RM150.00 |
| f. | Insurance Premium** | RM133-RM4,000 |
| g. | Stamp Duty | RM20.00 |
Loan applicant may use part of the loan approved to pay for the balance processing and administration fee, insurance premium, stamp duty and GST*
Eligibility of Co-applicant & Guarantor
The loan applicant must provide a co-applicant and guarantor(s) to secure the repayment of the loan (Note: co-applicant and guarantor(s) has to be two separate individuals).
(i) For loan amount applied for RM70,000 and above, the monthly income of co-applicant shall not be less than RM4,000
(ii) The number of guarantor(s) required shall depend on the loan amount applied for based on the following table:
Loan Amount Applied For | Eligibility of Guarantor(s) |
RM100,000 or below | 1 guarantor with monthly income not less than RM3,000; or 2 guarantors with monthly income not less than RM2,500 each |
Above RM100,000 | 2 guarantors with monthly income not less than RM3,500 |
KOJADI Form
Explore how the PTPK and KOJADI schemes can help support your educational journey, making your dream career more achievable!
