The loan is for those who have completed their SPM, STPM, the United Examination Certificate (UEC) and pre-university courses.
The loan has no racial ration and is open for all races in Malaysia.
Under the one-off scheme for full course duration, the maximum loan amount for student pursuing their studies locally is RM 30,000
Students pursuing their studies overseas can receive a maximum of RM50,000. Student pursuing their Masters can receive a maximum total of RM 80,000 to RM 100,000.
The guidelines for this MCM interest-free students loan are yet to be finalized and will be released within the next two weeks.