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Bank Rakyat forges cooperation to promote education Financing-I
Last update: 09/07/2018

KUALA LUMPUR, July 9 (Bernama) -- Bank Rakyat signed a Memorandum of Understanding (MoU) with Universiti Malaysia Pahang (UMP), AKATI†Consulting (M) Sdn Bhd, Admal Aviation College and†Kolej Poly-Tech MARA (KPTM) for†prospective students to finance†their higher education studies.

The MoU will enable deserving students to apply for a maximum loan amount†of RM1 million under the Education Financing-I†scheme, with a financing period†of up to 20 years at a competitive payment rate.

Chief operating officer†(business) of Bank Rakyat, Datuk†Amirudin Abdul Halim,†said the cooperation is aimed at promoting Education Financing-I to a wider audience.

"This initiative will also enable Bank Rakyat to contribute to the nation's human capital development and create a highly skilled society," he said after the MoU signing event at Bank Rakyat†Twin Towers, here, today.

Also present were UMP vice-chairman, Prof Datuk†Seri Dr Daing Nasir Ibrahim; chief executive officer of AKATI Consulting (M) Sdn Bhd, Krishna Rajagopal; chief executive officer of Admal Aviation College, Abd Malek Packeer†Mohamed; and†chief executive officer of KTPM, Nordin Ahmad.

The Education Financing-I loan can be used for studies at local or international institutes. To qualify, applicants must be a Malaysian citizen aged between 18 and 60 years old, and applicants or their parents must earn a†minimum monthly income of RM2000.

Applications can be made through UMP, AKATI†Consulting (M) Sdn Bhd, Admal Aviation College and†KPTM;†or by calling†Bank Rakyat†at†1-300-80-5454 or by visiting†



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