Education Loans for Studying in Malaysia

So, you’ve decided to study in Malaysia—where ultra-modern skyscrapers meet lush rainforests, and where you can feast on Nasi Lemak one day and sip on Teh Tarik the next. Sounds like a dream, right? But here’s the deal—before you hop on that flight to Kuala Lumpur, you need to figure out how to finance your education. While studying in Malaysia is cheaper than places like the US, UK, or Canada, it still requires careful financial planning. The cost of tuition, accommodation, travel, and daily expenses can add up fast! And unless you have a magic money tree growing in your backyard (lucky you if you do!), education loans for studying in Malaysia might just be your golden ticket.

But don’t stress! Whether you’re eyeing University of Malaya, Monash Malaysia, or Taylor’s University, we’re here to break it all down—loan options, eligibility, repayment plans, and pro tips—so you can focus on your big move instead of crunching numbers.

Let’s get started!

Why Choose Malaysia for Higher Education?

Before we talk money matters, let’s look at why Malaysia is a top choice for Indian students:

• Affordable Tuition Fees – Compared to Western countries, Malaysia offers top-quality education at half the cost.

• Globally Recognised Universities – Institutions like the University of Malaya, Monash University Malaysia, and Taylor’s University rank high on QS World University Rankings 2025.

• Post-Study Work Opportunities – Graduates can explore job opportunities in Malaysia or other Southeast Asian countries.

• Multi-Cultural Environment – Malaysia has a huge Indian diaspora, making it feel like home.

• Pathway to Western Degrees – Many universities offer twinning programs that allow you to study partly in Malaysia and finish your degree in the US, UK, or Australia.

Cost of Studying in Malaysia for Indian Students

Before applying for an education loan for studying in Malaysia, it’s essential to understand the expenses involved:

Now that we have a realistic budget, let’s explore education loan options that can help you finance your studies.

Education Loan for Studying in Malaysia

Indian Banks Offering Education Loans for Malaysia

Several Indian banks provide education loans for international studies, including Malaysia. These loans cover:

• Tuition fees

• Accommodation & living expenses

• Study materials, travel & other costs

Public Sector Banks (Government Banks)

These banks offer lower interest rates (starting from 8%) and longer repayment periods.

• State Bank of India (SBI) – Up to **₹**1.5 crore for international education.

• Union Bank of India (UBI) – Covers tuition, books, accommodation & travel at competitive rates.

• Punjab National Bank (PNB) – Offers global education loans at competitive rates.

Private Banks

Private banks provide quicker approvals, but the interest rates are slightly higher (10-14%).

• ICICI Bank – Offers loans without collateral up to ₹40 lakh.

• Axis Bank – Flexible repayment & interest rates starting at 10.5%.

• IDFC Bank –  Covers 100% cost of education at affordable interest rates.

Key Features of Indian Bank Loans

• Moratorium period: Course duration + 6 to 12 months.

• Repayment tenure: 5 to 15 years.

• Collateral required for loans above **₹**7.5 lakh.

NBFCs (Non-Banking Financial Companies) Offering Study Abroad Loans

If you need higher loan amounts or don’t qualify for traditional bank loans, NBFCs offer easier eligibility and faster disbursement.

• Credila – Custom loans based on university & course.

• Avanse – Loan amounts up to **₹**75 lakh.

• InCred – No collateral required up to **₹**40 lakh.

NBFCs are great if you need quick approvals or loans without collateral. However, interest rates are higher (10.5% - 16%).

Scholarships & Financial Aid in Malaysia

If you don’t want to take a huge loan, check out these scholarships:

• Malaysia International Scholarship (MIS) – Covers full tuition & living expenses.

• Khazanah Global Scholarship – For high-achieving international students.

• University-Based Scholarships – Many private universities offer merit-based discounts.

How to Choose the Right Loan for Studying in Malaysia?

Before applying for an education loan for studying in Malaysia, consider:

• Loan amount & coverage – Does it cover all expenses?

• Interest rates – Lower is better!

• Repayment period – Choose flexible options.

• Collateral requirement – If you don’t have assets, go for NBFCs.

How Lorien Finance Helps You Fund Your Malaysian Dream?

Navigating education loans can be confusing. That’s where Lorien Finance steps in!

• We help you compare the best loan options—so you get low-interest rates & easy repayment.

• We simplify the loan process—from application to approval.

• We guide you through scholarships & alternative funding options.

Financing your Malaysian education is easier than you think. With the right education loan, scholarships, and expert guidance from Lorien Finance, you can turn your study abroad dream into reality.

Let’s get started—apply for an education loan today!

FAQs

Can I get an education loan for Malaysia without collateral?

Yes! NBFCs and private banks offer loans up to ₹40 lakh without collateral.

What is the minimum GPA required for education loans?

Most lenders require a minimum of 60% (CGPA 6.5/10) in your previous studies.

Can I repay my education loan early?

Yes, but some banks may charge a prepayment penalty.

Can I work part-time in Malaysia to support my expenses?

Yes! International students can work 20 hours per week during semester breaks.