Do I need to prepare a deposit to study in Malaysia?

Most countries studying abroad need to prepare deposits, and the deposit certificate is one of the main materials for submitting the application for studying abroad. Next, do you need to prepare a deposit to study in Malaysia?

certification of deposit

Malaysia does not need a certificate of deposit.

In recent years, because many domestic parents regard Malaysia as a "springboard" to study in Europe and America, the Malaysian government has taken many measures to encourage foreign students to study in Malaysia, including allowing parents of students studying in Malaysia to accompany them.

Previously, the Malaysian government stipulated that China women over the age of 25 were not allowed to obtain Malaysian entry visas, which has now been cancelled. In other words, as long as they have bank deposit certificates, they can also be accompanied by husband and wife. The requirement for a certificate of deposit is usually 6.5438+0.5 million Malaysian dollars, with a deposit period of 5 years, which is a bit like investment immigration.

Studying in Malaysia, students' living expenses, accommodation and other expenses are much cheaper than those in Australia. In addition, the distance between China and Malaysia is relatively close, which is convenient for parents and students to travel to and from the two places. Students can also use Malaysia as a golden springboard to develop in a third country after completing their studies.

In terms of living expenses, Malaysian living expenses are equivalent to those in China's first tier cities and other countries. Buying the same bread in Britain, America, Australia and other countries multiplied by the exchange rate of 7 can be said to be quite affordable.

Applying for studying in Malaysia does not require any deposit certificate or deposit, and students do not need to show any property certificate. The guarantee for studying in Britain, America and Australia is around 200,000 yuan, so studying in Malaysia undoubtedly reduces the burden on students' families. In addition, Malaysia is a visa returning country, which means that almost 100% of students can get a visa after they get the offer from the school. This is undoubtedly another advantage of studying in Malaysia.

loan application

First, let's look at the loan application conditions.

Natural persons with full capacity for civil conduct and overseas students studying for a master's degree or above may borrow foreign exchange; Overseas students with bachelor degree or above can borrow RMB.

Then look at the loan amount and duration.

In order to ensure the safety of assets, the bank has made specific provisions on the amount of loans for studying abroad: in principle, it should not exceed 80% of the total tuition and living expenses required by overseas students during their stay at school; The sum of the registration fee, tuition, living expenses and other necessary expenses stated in the admission notice or other valid admission certificates of foreign study schools within one year shall not exceed 500,000 yuan at most.

The term of the loan for studying abroad is determined according to the duration of studying abroad, the income of the borrower and the guarantee ability of the guarantor and collateral. Generally, it is 1 to 6 years, the longest in Shanghai Pudong Development Bank and the longest in China Bank is 10 years.

Next is the mortgage type of loan guarantee.

At present, the loan guarantee mortgage recognized by banks is limited to three types: real estate mortgage, pledge and credit guarantee, and the maximum amount of these three mortgage loans is also stipulated.

1, property mortgage

The maximum loan amount shall not exceed 60% of the collateral value recognized by the lender;

Step 2 guarantee

In case of pledge by national debt or bank deposit certificate, the maximum loan amount shall not exceed 80% of the pledged property value; Where corporate bonds are pledged, the loan amount depends on the credit standing of the bond issuer, and the maximum loan amount shall not exceed 60% of the pledged face value;

3. Credit guarantee

If a third party provides a joint liability guarantee, if the guarantor is a legal person recognized by the bank, it can be paid off in full; If it is a natural person recognized by the bank, the maximum loan for studying in Malaysia shall not exceed RMB 200,000.

Finally, let's look at the repayment instructions.

If the loan term is less than one year (including one year), the loan principal and interest will be paid off in one lump sum when the loan expires, and if the loan term is more than one year (excluding one year), the loan principal and interest will be repaid in equal monthly installments.

Financial management description

1. The Key to Financial Management of Studying Abroad in Malaysia

Experts studying in Malaysia said: How can international students save more tuition and living expenses while working in Malaysia? First of all, international students need to pay for themselves. No matter whether international students have rich part-time income or not, they can't squander it. It is best to make a plan list for their tuition and living expenses for the next school year. All expenses are subject to the list, so that they will not be hungry for half a semester while working all summer.

2. Misunderstanding of financial management of Malaysian students

Foreign students will have more disposable cash for the time being, which will easily lead to insufficient self-control. In particular, many international students like to travel together, which will inevitably lead to a lot of expenses and economic difficulties for international students. Here, we suggest that foreign students get together with friends selectively, and make arrangements for the content and place of the party to avoid spending too much, so as to take into account the exchanges between students and not delay the savings plan of foreign students.

3. How can students studying in Malaysia improve their economic situation?

China students studying in Malaysia are mostly children of working-class families, and their personal economic situation will not be too rich. So how can they maintain their good economic situation? Foreign experts suggest that foreign students should reasonably control their own expenses, especially reduce the number of going out and going to bars at night, and don't carry too much cash at a time when going out to save money.