Study Loans After SPM: PTPTN, MARA & More
Education loans and convertible loans for students without a full scholarship.
Quick answer
Degreemate's catalogue lists 19 study loans (reviewed August 2026): 0 full sponsorships, 0 partial or tiered awards, 11 convertible loans and 8 study loans. The list is not exhaustive; dates and criteria change every cycle, so confirm on each sponsor's official page.
See which scholarships match your resultsThe scholarships (19)
- Bank Rakyat BRIGHT (PPBU) 2026
Yayasan Bank Rakyat
Need-based · Convertible loan · Degree
Convertible financing (PPBU) (Convertible per terms)
- Biasiswa Pinjaman Kerajaan Negeri Sarawak (BPKNS)
Suruhanjaya Perkhidmatan Awam Negeri Sarawak (SPANS)
Government · Convertible loan · Diploma / TVET, Degree
Per-semester funding by level and location (e.g. RM2,500–3,750); 75% scholarship + 25% loan, 25% repayable on graduation over up to 60 months
- KPJ Nursing Sponsorship Scheme (Diploma in Nursing)
KPJ Healthcare University / KPJ Specialist Hospitals
Loan · Convertible loan · Diploma / TVET
Student takes PTPTN plus a Bank Rakyat loan; KPJ hospital repays both once the graduate starts work; allowance varies by B40/M40/T20 category
- MARA Program Pelajar Cemerlang (IPMa graduates)
Majlis Amanah Rakyat (MARA)
Government · Convertible loan · Diploma / TVET, Degree
MARA education financing for top graduates of MARA institutions (IPMa); amount not published; check the provider
- MARA Tertiary Education Loan Programme (TESP)
Majlis Amanah Rakyat (MARA)
Loan · Convertible loan · Diploma / TVET, Degree
Study loan (Pinjaman Boleh Ubah) for MARA-designated fields and institutions; amount not published; check the provider
- MiED Study Loan 2026
Maju Institute of Educational Development (MiED, MIC)
Loan · Study loan · Diploma / TVET, Degree
Partial tuition fees paid to the institution, for the current year of application
- Penang State Education Loan (ePPN) 2026
Kerajaan Negeri Pulau Pinang
Loan · Study loan · Diploma / TVET, Degree
Per year: RM4,000 diploma, RM5,000 arts degree, RM6,000 science degree, RM2,000 certificate; 1% charge; repay from 6 months after graduating
- PERKESO Faedah Pendidikan (Education Benefit Loan)
Pertubuhan Keselamatan Sosial (PERKESO)
Loan · Convertible loan · Diploma / TVET, Degree
Education loan; diploma/degree loans can convert to a scholarship with excellent results; total tuition must not exceed RM100,000
- Pinjaman Pelajaran Kumpulan Wang Bantuan Pendidikan Negeri Perlis 2026
Yayasan Islam Perlis (YIPS) / Kerajaan Negeri Perlis
Loan · Study loan · Degree
Study loan; amount not published; check the provider
- PPBU Yayasan Bank Rakyat (Pembiayaan Pendidikan Boleh Ubah)
Yayasan Bank Rakyat
Need-based · Convertible loan · Degree
Convertible financing (Convertible per performance)
- PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional)
PTPTN / KPT
Loan · Study loan · Diploma / TVET, Degree
A study loan, not a scholarship: it must be repaid, with an ujrah (service charge). Discounts are offered for early or full settlement.
- SEGi Sentuhan Kasih Initiative (B40 EduLoan)
SEGi University & Colleges
Loan · Study loan · Diploma / TVET
1% EduLoan covering the tuition gap left after PTPTN; repayment starts after graduation
- Selangor Pinjaman Boleh Ubah Dalam Negara (PBUDN) 2026
Kerajaan Negeri Selangor (Dana Pendidikan Selangor)
Loan · Convertible loan · Diploma / TVET, Degree
Convertible study loan; amount not published; check the provider
- TAPEM Pinjaman Wang Pengajian Tinggi (PWPT)
Tabung Amanah Pendidikan Negeri Melaka (TAPEM)
Loan · Study loan · Diploma / TVET, Degree
Study loan; amount not published; check the provider
- Yayasan Kelantan Darulnaim (YAKIN) Pinjaman Pelajaran
Yayasan Kelantan Darulnaim (YAKIN)
Loan · Study loan · Diploma / TVET, Degree
RM3,500/year (IPTA diploma), RM5,000/year (IPTA degree); higher rates for KIAS and overseas Islamic/medical studies
- Yayasan Pelajaran Johor Pinjaman Pelajaran Dalam Negara (PPDN) Sesi 1/2026
Yayasan Pelajaran Johor (YPJ)
Loan · Convertible loan · Diploma / TVET, Degree
Interest-free (0%) loan; repayment rebates for strong results (e.g. degree CGPA 3.75+)
- Yayasan Sabah Pinjaman Pengajian Tinggi 2026
Kumpulan Yayasan Sabah
Loan · Study loan · Diploma / TVET, Degree
Study loan for courses not covered by Yayasan Sabah scholarships; amount not published; check the provider
- Yayasan Terengganu Biasiswa Skim Pelajar Cemerlang (SPC) & PBU Program Khas 2026 (Asasi/Diploma)
Yayasan Terengganu
Foundation · Convertible loan · Pre-University, Diploma / TVET
SPC scholarship or convertible loan (PBU); amounts not published; check the provider
- Yayasan Terengganu Biasiswa SPC & Skim Pinjaman Boleh Ubah 2026 (Ijazah Pertama)
Yayasan Terengganu
Foundation · Convertible loan · Degree
SPC scholarship or convertible loan; amounts not published; check the provider
Frequently asked questions
How many study loans are there in Malaysia?
Degreemate's catalogue lists 19 study loans (reviewed August 2026): 0 full sponsorships, 0 partial or tiered awards, 11 convertible loans and 8 study loans. The list is not exhaustive; dates and criteria change every cycle, so confirm on each sponsor's official page.
Do study loans come with a bond?
19 of the 19 we checked carry a service bond or repayment obligation under their official terms; 0 do not. A bond usually means working for the sponsor for a set period after graduating, or repaying the award.
When do applications for study loans open?
Most usually open in April, May and June, while 5 accept applications year-round. Exact dates are announced each cycle on the sponsor's official page.
Who can apply for study loans?
Each sponsor sets its own criteria. In this list, 5 set household income as a criterion, 4 are restricted to Bumiputera students and 10 are limited to students from particular states. Read the full criteria on each scholarship's page.
How do I know which scholarships I qualify for?
Enter your SPM results, state and preferred field in Degreemate's scholarship checker. It compares your profile against each award's official criteria and shows the reason. The result is a guide, not a guarantee of an offer.
Criteria, coverage and dates change every cycle. The sponsor's official page is the authority; we link it from every scholarship page. Catalogue reviewed: August 2026.