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    AFFIN Tawarruq
    ​​​​​​​Education Financing-i

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    AFFIN Tawaruq Education Financing-i

    Features

    Financing Margin

    Up to 100%* of coursework fee + 5% of Takaful coverage 

    Financing Tenure

    Minimum: 5 years 
    Maximum: 20 years or up to age of 65, whichever is lower

    Financing Amount

    Up to RM 400,000 (Note: Maximum financing amount of RM600,000 is eligible for Medical, Engineering and Pilot/Aviation courses only).

    Collateral

    Collateral may be required either fully or partially secured 

    Benefits

    Financing Your Academic Future

    Financial assistance for qualified individuals of local / overseas University or College to cover their education programme.


    Shariah-Compliant Financing

    Based on the Shariah concept of Tawarruq.


    ​​​​Takaful Coverage

    Group Credit Family Takaful (GCFT) is highly encouraged to be taken by both applicant and joint applicant to ensure that you and your family are protected. 

    *Terms and Conditions apply. 

    Guarantor or Collateral

    No guarantor is required. However, collateral may be required either fully or partially secured. 


    Ceiling Rate

    Get protected against a higher rate by the profit rate capped at 15% per annum.


    No Early Settlement Fee 

    No fee is imposed for early settlement.


    Eligibility

    • Student Eligibility
      • Malaysia Citizen aged 18 and up to 45 years old. 
      • Open to Foundation, Certificate, Pre-University (e.g. A-Level), Diploma, Degree and Postgraduate program (Master’s Degree and Doctorates) and Professional Courses for students of non-panel or overseas universities/colleges.
      • Requires minimum of two (2) joint/co-applicant from immediate/non-immediate family members to jointly apply the financing with student.
    • Joint Applicant Eligibility
      • Malaysia citizen aged 21 years old and above.
      • Minimum annual income of RM5,000.
      • If the minimum monthly income is unable to meet, a minimum of two (2) joint applicants with minimum income of RM 3,000 per month per joint applicant is required.  
      • For Pilot course:
        •    Minimum monthly income of RM 10,000
        •    For joint applicant more than 1, minimum combined gross monthly income must be RM10,000 and subject to minimum each Joint Applicant is RM5,000 per month. 

    Disclaimer of Prospectus

    The Replacement Master Prospectus of ASNB dated 1 February 2020, Prospectus of ASN Imbang (Mixed Asset Balanced) 3 Global dated 16 September 2020 and Prospectus of ASN Equity Global dated 1 September 2021, (“Prospectuses”), have been registered with the Securities Commission Malaysia.
    Please read and understand the content of the Prospectuses together with the Product Highlights Sheets which are available at the ASNB website (www.asnb.com.my), branches and agents. Unit will be issued upon receipt of the registration form referred to and accompanying the Prospectuses. Before investing, please consider the risk of investing as well as the fees and charges involved. Unit prices and distribution payable, if any, may go down as well as up. The past performance of a fund should not be taken as indicative of its future performance.

    Statement of Securities Commision's Review

    This advertisement has not been reviewed by the Securities Commission.

    Disclaimer on Loan Financing

    There are risks associated with loan financing. Please read and understand the loan financing risk disclosure (RDS) prior to investing via loan financing.

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