KOJADI (Koperasi Jayadiri Malaysia Berhad) was established on 12 March, 1981. Its primary objective is to provide an effective educational loan facility for needy students to pursue higher education. Secondly, it aims to nurture the country’s human resource into well-trained manpower for the nation. It has several loan schemes in operation.
Applicant’s Eligibility
- The applicant must be a member of KOJADI with RM100 initial shares
- The applicant can nominate a nominee (student) under the Higher Education Loan Scheme (HELS) or Special Education Loan Scheme (SELS)
- The applicant must subscribe additional shares of RM500 or RM2,000 depending on the loan amount applied for the nominee and the course/level of study pursued by the nominee
- At the time of application for a loan, the nominee must have secured admission to an approved institution of higher learning locally or abroad and shall apply to become a member of KOJADI with RM100 initial shares
Loan Amount
- The loan amount is subject to the discretion of the Board
- For postgraduate studies or undergraduate medical courses or lab-based undergraduate courses, the maximum loan amount is RM50,000
- For undergraduate courses, the maximum loan amount is RM30,000
- For certificate, diploma or MLVK courses, the maximum loan amount is RM20,000
Interest Rates
- Interest will be charged to the applicant’s loan account immediately after the disbursement of the loan.
- The interest rate for the loan is as follows:
| For existing members of KOJADI with minimum five years membership: | ||
| 1st year Upon first release of loan) | 2nd year | 3rd year onwards until full settlement |
| 6% (on a monthly rest and reducing balance basis) | 7% (on a monthly rest and reducing balance basis) | 8% (on a monthly rest and reducing balance basis) |
| For new members: | ||
| 1st year Upon first release of loan) | 2nd year | 3rd year onwards until full settlement |
| 6% (on a monthly rest and reducing balance basis) | 7% (on a monthly rest and reducing balance basis) | 8% (on a monthly rest and reducing balance basis) |
Loan Application Procedure
- Complete the loan application form
- Submit the application form together with a fee of RM80.00 and relevant documents such as photostated I/C of the applicant, nominee and guarantors; guarantors’ latest Income Tax Form ”J” or latest EA form, letter of offer for admission from the university/ college; and such other documents as may be required from time to time.
- Pay for an insurance premium varying between RM50 to RM800 according to the loan amount applied for and the student’s age
The application form should be sent to:
Koperasi Jayadiri Malaysia Berhad (KOJADI)
11th Floor, Wisma MCA
163, Jalan Ampang
50450 Kuala Lumpur
Tel: 03- 21616499
Website: www.kojadi.com.my
Email: [email protected]