Interest-Free Study Loan

Pursue Tertiary Education with Reduced Financial Stress

The AMMA Foundation has been active in assisting students in need of funds to complete their higher education by providing them with interest-free study loans. Each loan is subject to a bond by which the student undertakes to repay the loan in monthly installments on gaining employment after graduation.

Total loans disbursed since inception
Excess of RM 0 M
Total loans disbursed for the year ended 30/6/2025
RM 0 K

Study Loan Statistics

0

Students Benefiting from Loans Since Inception

0

Students Benefiting from Loans in 2025

RM 0 K

Average Loan per Student in 2025

0 %

Loan Repayment Success (as of June 2025)

0 +

Loans awarded across university courses

+ 0 %

Year-on-Year Growth in Loans Disbursed (Since 2022)

Ready to Apply?

Study Loan Application Checklist

Checklist

  • Letter (Request for Financial Assistance)
  • Online Application Form
  • Photocopy of I.C. (Applicant)
  • Latest Passport-sized Photo
  • Admission Letter of Confirmation / Fees schedule
  • Proof of financial standing of parents (EA / J forms / last 2 months pay slips / letter from employer)
  • Results of school & college exams: SPM / STPM / Semester results of college or University exams
  • Require 2 Guarantors with Monthly gross salary of more than RM2,500 each
    • Members of immediate family cannot stand as guarantors
    • Malaysian citizens aged less than 60 years. Those above 60 must give proof of net worth. and may be accepted at the sole discretion of the Board.
    • Photocopy of I.C / Proof of financial standing (EA / J forms / last 2 months pay slips / letter from employer)
Apply for Study Loan

A Committee of the Board will review and consider all applications received and if eligible, interview the selected candidates prior to awarding the loan.

 

The ‘topping’ up of loan on a six (6) monthly basis is not automatic and is at the sole discretion of the Study Loans Disbursement Committee the AMMA Foundation, 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 3.0 and above in each semester’ exam.

 

Repayment of study loans shall be made by monthly installments as per Clause 5 below, the first of such payments to be made on a date falling not later than six (6) months from either (a) the date the student loan recipient graduates in his/her said course of study; or (b) the date of employment of the student loan recipient, whichever (a) or (b) shall be the earlier date. Subsequent payments of monthly instalments shall be made on the first day of each calendar month following the date of the first payment until the study loan has been settled in full pursuant to applicable terms and conditions.

1. Eligibility

 

a. The applicant must be a Malaysian citizen.
b. Applications will be considered for full-time Diploma and Degree programmes and part-time Master’s programmes.
c. Applicants pursuing part-time Master’s programmes must provide proof of employment.
d. Applications for Medical and Dentistry programmes will be considered on a merit basis.
e. Family household income must not exceed RM60,000 per annum.
f. With immediate effect, AMMA Foundation will not provide study loans or any other form of financial assistance for programmes of study undertaken outside Malaysia. All new applications must therefore relate to programmes pursued at recognised educational institutions within Malaysia.

 

 

2. Conditions

 

To remain eligible for subsequent drawdowns, candidates must ensure they pass all examinations and maintain a CGPA of at least 3.0 and above each year

 

3. Loan Amount

The loan amount varies according to the courses and each individual candidates financial position :

 

Degree courses:

  • RM7,500 per semester (2 semesters per year) OR
  • RM5,000 per semester (3 semesters per year)

 

(RM15,000 per year x No. of years; maximum RM45,000)

 

Diploma courses:

RM4,500 per semester  (2 semesters per year)

 

(RM9,000 per year x No. of years; maximum RM27,000)

 

Masters courses : maximum of RM 20,000

4. Guarantor

  • Two (2) guarantors are needed. Each guarantor must have an income of more than RM 2,500 per month
  • Immediate family members do not qualify and cannot stand as guarantors
  • Documents such as Income Tax (EA Form)/two (2) months payslip/letter from employer or any other documents to support income declaration are required
  • Be employed in Malaysia and less than 60 years of age. Those above 60 must give substantial proof of net worth, and may be accepted at the sole discretion of the Board
  • Copies of Guarantor’s Identity Card must be submitted
  • AMMA Foundation will not accept Guarantors who have been previously declared a bankrupt

5. Repayment

  • Candidates shall commence repayments upon gaining full employment or six (6) months after graduation, whichever is the earlier.
  • Repayment :
  • RM400 per month (minimum) for Diploma and Degree graduates
  • RM500 per month (minimum) for Masters graduates

6. How to Apply

Complete the online Study Loan Application Form. Submit it with the required documents as stated in our Checklist. Only fully completed forms with all supporting documents will be considered.

7. Interview

  • It is mandatory for the candidate to attend the interview.
  • The Study Loans Committee will conduct an online interview with the selected candidate.