EDUCATION has long been regarded as a pathway to social mobility and long-term career security.
However, as the cost of higher education continues to rise, many Malaysian families are finding that careful academic planning must now be matched with equally careful financial preparation.
Whether you are a parent mapping out your child’s academic journey or a professional looking to pivot through postgraduate studies, the need for a robust and structured financial plan has never been more vital.
While many students rely on the National Higher Education Fund Corporation (PTPTN) or scholarships, these options may not always cover the full breadth of a student’s needs, particularly for costlier courses such as Medicine, Dentistry and Law.
Planning beyond the basics
For many households, the transition from secondary education to tertiary studies marks a significant milestone and a substantial financial commitment.
Traditional funding options typically focus on tuition, but gaps often emerge when it comes to accommodation, learning materials and other essential living expenses.
In response to this, RHB Islamic Bank Bhd offers RHB Education Financing-i, a Shariah-compliant education financing solution designed to support both academic and living costs throughout a student’s study journey.
Also known as Commodity Murabahah Term Financing-i (CMTF-i) for Education, the facility takes a more holistic view of education financing, enabling students to focus on their studies without the added concern of managing monthly expenses during their academic years.
Flexibility to achieve your ambition
One of the most significant barriers to securing education funding is often the requirement for a guarantor.
RHB Islamic Bank is removing this hurdle, offering financing with no guarantor needed. This simplifies the application process and empowers students and parents to take charge of their future independently.
The financing plan is also open to applications for undergraduate, postgraduate and professional certificates and programmes.
Among the key features of the plan are:
> High financing limits: Access up to a maximum of RM500,000* in financing, ensuring that even the most specialised and demanding courses are within reach.
> Joint applications: To help families secure the necessary funding, joint applications are allowed with up to three immediate family members. This enables a higher financing amount by combining the financial strength of family members, making it easier to support a child through a long-term education programme.
> Shariah compliance: Managed under Shariah principles, providing a transparent and ethical financial path for those who prioritise Islamic banking values.
> Grace period: Up to four years while you are completing your undergraduate studies, only serves to profit during this period, which allows the family to organise their finances better.
This feature enables students to focus on their studies and graduate before the standard payment structure begins, providing breathing room during their formative academic years.
Successful applicants can also opt for various convenient payment options, including self-payment, auto debit or salary deductions.
The financing is open to Malaysian citizens aged 18 and above, with a maximum age of 70 years at the end of the financing tenure. Applicants must earn a minimum monthly income of RM5,000 to qualify.
As education remains a long-term investment for both individuals and families, structured financial planning plays an increasingly important role in ensuring students can complete their studies with confidence and stability.
*Terms and conditions apply.
For more information, click here
