AMMA Foundation Study Loan

Procedures
A Committee of the Board will consider applications received and where appropriate, interviews the selected candidates prior to awarding the loan. Currently, each candidate is given a loan not exceeding RM4,500 per semester for a maximum of six (6) semesters (payments) for degree courses and a loan not exceeding RM3,500 per semester for a maximum of six (6) semesters (payments) for diploma courses. This is subject to satisfactory performance of the candidate and availability of funds. The ‘topping’ up of loan on a six (6) monthly basis is not automatic and is at the sole discretion of the Loans Disbursement Committee, the AMMA Foundation Board which meets once in every two (2) months, and on the candidate’s results to date. A written request should be submitted together with the candidate’s latest results. The candidate must maintain a CGPA of at least 2.75 and above in each semester’ exam. The candidate is required to undertake to repay the loan at a minimum monthly instalment of RM200 per month for the first two (2) years and RM400 per month for the subsequent years subject to full settlement of the loan within seven (7) years or 84 months. The first of such payments is to be made not later than six months from the date of graduation.

1. Eligibility
Malaysian citizen
Full-time Diploma/Degree courses
Local universities and colleges only

2. Conditions
To retain the loans, candidates must ensure they pass all examinations and maintain a CGPA of
at least 2.75 and above each year

3. Loan Amount
The loan amount varies according to the courses
Degree courses: RM4,500 per semester per year (maximum: RM27,000)
Diploma courses: RM3,500 per semester per year (maximum: RM21,000)

How to Apply
The forms can be downloaded online http://www.ammafoundation.com.my/pdf/AMMA_loan_app.pdf  or obtained from the Foundation’s office. Each submission must be furnished with a copy of the latest examination results and application letter.

Interview
It is mandatory for the candidate to attend the interview

Deadline
Upon notification of approval, submission of agreement shall be within the period of two (2) months

Contact

AMMA Foundation
11th Floor, Bangunan Yee Seng
15 Jalan Raja Chulan
50200 Kuala Lumpur
Tel: 03-2070 1080
Fax: 03-2072 1080
kala@ammafoundation.com.my
www.ammafoundation.com.my