ESS/School fees

School fee loans are short term loans for purposes of paying school or college fee for the member or the dependents. The loan has a maximum repayment period of 12 months.

The credit product is only available to those members who have joined the Education Savings Scheme.

FEATURES

Applicant should be a member of Education Savings Scheme to qualify
Qualification of up to 4 times of the Savings
Max repayment period of 24 months
Interest rate of 1% per month
Members must have contributed ESS shares for at least 6 months

Requirements

Preprinted application forms,
Copies of Identification Document used in the member registration,
Most current original pay slips for salaried members
Identification copies of the guarantors.
Guarantors’ original pay slips if any