1MCA EDUCATION LOAN SCHEME

• Partial Loan

• SPM Leavers
• STPM Leavers
• Pre-U Students
• Foundation Students
• Matriculation Students
• Bachelor Degree Students/Graduates
• Master Degree Students/Holders
• UEC Students

• Bachelor Degree
• Master Degree
• Doctorate/PhD

• Local
• Overseas

1. PREREQUISITES FOR EDUCATION LOAN APPLICATION

• The applicant must be a member of KOJADI with RM100 initial shares.
• The applicant must hold the requisite additional shares ranging from RM500 to RM2,000 shares for each child depending on the loan amount applied for.
  Note: Payment of subscription of additional shares will be deducted from the approved loan
• KOJADI will deduct the insurance premium from the approved loan.
• The applicant must nominate a child/nominee under the 1MCA Education loan scheme.
• The nominated child/nominee must have gained admission to an approved institution of higher learning locally or abroad.

• ALL COURSES

This Loan Scheme is open for application to students of all races from low-income families.

A total of RM30million interest-free loans in the Loan Scheme will be open to all races. University students studying abroad can apply for loans ranging from RM30,000 to RM100,000. MCA will bear the interest for the loans.

The Education Loan Scheme is divided into two parts:

The first part entails 150 loans to pursue university degree programmes locally and overseas, with each successful applicant receiving loans up to RM30,000.

The second part entails 50 loans to pursue doctoral and post-graduate studies, with each successful applicant receiving loans between RM80,000 up to RM100,000.

Successful applicants can enjoy interest-free loans for the first five years. The Loan Scheme takes into consideration the fact that the students are studying and will have only just started working for about two years.

Thus this plan will allow the students to repay the loan, after which a minimum interest rate will be charged.

1. LOAN DOCUMENTS

Submit certified photo copies of the following documents:

• Applicant’s identity card
• Student’s identity card
• Letter of offer from approved institution
• Student’s last examination results (SPM,STPM or SM3/UEC or equivalent or other highest academic qualification)
• Identity cards of guarantors (one to three guarantors)
• Latest EPF statement or Income Tax Form or EA Form or last 3 months payslips of guarantors (one to three guarantors)
• Any other documents as may be required from time to time.

Submit the following photos and payment:

• Applicant’s recent photo (passport size)
• Student’s recent photo (passport size)
• Loan processing fees (RM200)
• Co-applicant and student membership fees (RM220)

1. LOAN APPROVAL & DOCUMENTATION

• The loan amount is subject to the discretion of the Board.
• The loan application normally takes about 1 month to process.
• When the loan is approved, an OFFER LETTER will be sent to the applicant.
• The applicant is then required to complete and submit the necessary loan documents within 2 months:
  • Loan Agreement
    It must be jointly signed by the applicant & the student.
  • Deed of Guarantee
    It must be jointly signed by the guarantor(s).

1. LOAN DISBURSEMENT

• Loan will only be disbursed after ALL the loan documents and payments have been received by KOJADI.
• The loan will be released in 2 or 3 disbursements spread over the duration of the course of study.

1. INTEREST CHARGES

• Interest will be charged to the applicant’s loan account immediately after the disbursement of the loan. However, the first FIVE years loan interest will be borne by MCA.
• The interest rate for the loan will be as follows :

For existing member of KOJADI with minimum 5 years membership:

For new member:

REPAYMENT OF LOANThe founding objective of KOJADI is to pool the resources among its members for mutual benefits. Prompt repayment of the loan will enable KOJADI to give similar financial aid to other members for further study.

The repayment of the loan will begin three (3) or six (6) months after graduation and the maximum repayment period shall not exceed 10 years depending on the amount of loan and the type of the loan, repayment will be as follows:

1st year ….. RM200 or RM300 per month

2nd year ….. RM300 or RM400 per month

3rd year ….. RM400 or RM500 & above per month until full settlement

OR equal monthly instalments until full settlement.

1. FURTHER INFORMATION

The above particulars are subject to change. For further information, please call at our office at

KoperasiJayadiri Malaysia Berhad (KOJADI)
11th Floor, Wisma MCA,
163 JalanAmpang,
50450 Kuala Lumpur.

Tel  : 03-2161 6499 (Membership and Loan Department)
Fax : 03-2162 1413
E-mail :
For membership related enquiries            : member@kojadi.com.my
For loan application related enquiries       : loan@kojadi.com.my

Office Hours : Monday-Friday : 8:30am – 5:30pm
Saturday-Sunday &Public Holidays : Closed