Products & Services > Student Loan

Student Loan provides to students the opportunity to access to higher education/ particular training skill which would positively impact his/her future and enhance family’s member living capacity/condition.

Benefit

  ◾ Convenient enquirer and fast approval
  ◾ Flexible loan tenor
  ◾ Study at the Reputable and recognized University / institute

Eligibility

  ◾ Borrower of 18 - 40 years old
  ◾ Shall have co - borrower who can be self - employed or individual who’ s working for reputable
  ◾ Monthly loan repayment capacity(Principal and interest): 50 % of net income

Loan Calculator

0 % per year
0 months
Please enter amount between 1000$ To 300000$.
Based on what you entered, your monthly payment could be $0

Term & Condition

No

Description

Variances

1

Loan amount

USD5,000

2

Loan interest rates

1.50%

3

Loan Duration

6 months – 24 months


Document Requirement

​​ ​​ ​​ ​​

No

Description

Variances

1

Legal Documents

⇒  ID card copy(s),family book,current address confirmation from local authority,employee's​​ ID card(if working)

⇒   Student ID card,if enrolled already.

2

Proof Of Education

⇒   Diploma of general education(normally finished high school)

⇒   Confirmation letter from Ministry/Cabinet of Education(in case diploma was not yet issue/granted)

3

Proof Of Income

⇒   Individual student(if working) and co-borrower(if an employee): employment contract, employee ID card,
      name card, pay slips, bank statement,etc…

⇒   From business if co-borrower doing business:(invoice,receipt,income/expense report).

4

Enrollment Documents

⇒   Study proposal from university

⇒   Quotation or invoice,receipt(if already recently paid/enrolled)


*** Terms and conditions are subject to change at the KC MFI sole discretion without prior notice to customer