How to Apply

The CEF provides financial assistance to young, talented and ambitious students who have a sense of social responsibility, in order for them to achieve their goals.

However, to succeed in helping these students, the CEF cannot do it all alone. As such, we encourage the beneficiaries to do their part in making this possible – making timely loan repayments upon the completion of their courses. By doing so, we can ensure the smooth running of the CEF now and in the future.

As you are assisted by the CEF in your pursuit of a brighter future, it would be a generous gesture for you to do the same for others – help them on their path to academic success, too.

It is stated in the contract signed by the beneficiary that repayments must be made on a monthly basis 6 months after completion of the course. In the event that the beneficiary is unable to complete the course, or is in breach of contract; repayments must also be made on a monthly basis 6 months after leaving the campus or termination of the loan, with a loan-repayment period of not more than 5 years.

• The beneficiary must make repayment by installment as stated in the contract. Within the first 7 days of each month, the beneficiary is required to make repayment of an amount not less than RM300 (*Remark), until the total loan amount has been fully repaid.
  
  
• In the event that the beneficiary is unable to make repayments for three consecutive months, the CEF reserves the right to request that the beneficiary make an additional payment of an annual interest of 10%, until the loan amount has been fully repaid.
  
  
• It is stated in the contract signed by the beneficiary and the guarantors that in the event that the beneficiary is unable to make repayment in accordance with the contract’s stipulation, the guarantors are legally obliged to make repayment on behalf of the beneficiary.

*Remark：The amount of monthly repayments to be made by the beneficiary will be determined by The Fund Management Committee based on the amount of loan and duration for repayment.

• Cash – Repayment (along with the repayment form) may be made at the office of The Federation of Chinese Associations, Malaysia.
  
  
• Cheque or bank order – Crossed cheque or bank order that is made payable to The Federation Of Chinese Associations Malaysia (along with the repayment form) may be delivered to The Federation of Chinese Associations, Malaysia. Kindly write “Repayment to CEF” on the envelop. Kindly state your name, telephone no., and study loan no. on the back of the cheque or bank order.
  
  
• Bank transfer – Repayment shall be made payable and deposited to The Federation of Chinese Associations, Malaysia at Maybank 512147503196. Receipt of deposit (along with the repayment form) must be faxed to
  +603-22734020 once the repayment is made.

In the event that the beneficiary is unable to make the repayments as stated in the contract due to unemployment, furthering of studies, financial difficulty or other inevitable circumstances upon the completion of the course; the beneficiary may write to request for a deferment in making the repayments. Application for a deferment will be considered by the Fund Management Committee if the reasons given by the beneficiary are valid.