OCBC EDUCATION LOAN
Secure additional funding for your child's higher education
The OCBC Education Loan can help to supplement the funds that you have set aside for your child's higher education.
Coverage amount
Helps to cover any shortfall of your existing study funds, up to RM250,000*.
Global coverage
Covers both local and overseas institutions, including twinning programmes.
Loan settlement
Loan amount can be settled anytime.
Repayment tenure
Stretch the repayment tenure up to 7 years.
*Subject to OCBC Bank's credit assessment and approval; subject to terms and conditions as may be imposed.
Eligibility requirements
Age
Between 21 and 60 years old (both years inclusive)
Documents required
Photocopy of NRIC (front and back)
An original copy of University/College acceptance letter
An original copy of course fees schedule
Income documentation
Employed
Last 3 to 6 months' salary slips supported by EPF statement and / or Bank statements
Self-employed
Latest Borang B and payment receipts, supported by Bank statements (if applicable)
Business Registration Certificate and Current Account statements for the last 6 months
Terms and conditions
- All applications for OCBC Education Loan are subject to OCBC Bank's credit assessment and approval and other applicable terms and conditions.
- Loan disbursement is subject to the satisfactory fulfilment of the terms and conditions required in OCBC Bank's Letter of Offer.
- Please read the OCBC Education Loan Product Disclosure sheet for more information.
- The University/College or other education institution must be acceptable to the Bank.
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