Tuesday, November 13, 2018

MARA Study Loan Waiver or Reduction.

I spoke about this before in a few other forums, on How to reduce your MARA Study loan ( Macam Mana Nak kurangkan Pinjaman Mara ) and since I did not monitor my Yahoo email ... because of spam and other reasons, I feel sad for many of them, whom had many issues.

I know, death of loved ones , loss of job etc can be harsh on a person. I suffered the same fate and with many other reasons but that does not mean your debt remains unpaid.

First off, Find out HOW MUCH IS OUTSTANDING.
Go to Mara Website and check on Semak Baki.
It will show you the exact balance.

MARA or Majlis Amanah Rakyat or The Peoples Trust is created to help bumiputera and many more in studies and entrepreneurship. Many however, broke their trust.

If you completed your studies, then you could appeal for a FULL WAIVER if you are a CGPA 3.0 score achiever. However, many especially overseas, barely scrape through due to lack of understanding, poor conditions or just being a student and irresponsible.

Many dropped out half way and it is unfair to pay the university for 4yrs of education when you only attended 2 years. Dropouts due to health issues can be used as an excuse provided proof is available.

OK, back to basics, how you send an appeal.
Are you , able to commit to a monthly payment of RM300 a month? If so, then open a CURRENT ACCOUNT with check book and prepare a year of payment.
If you have money in KWSP, you can ask them to withdraw it to pay off MARA.  You can find the checklist from Unit Kawalan Kredit

So what about you really cannot pay? Unemployed etc?
You need to write in to them and explain your scenario and offer them a resolution. Even RM50 a month is better than nothing at all.

So how did I do it?

First off, I was furthering my education into another field, overseas. Whilst then, I offered to pay them what I could which was RM50 a month since I am still studying. I acknowledge my debt and asked for waiver of any such fees, which they did.
Promptly, I send them post dated cheques for the payment amount which I can offer. They may be a bit pissed off but tell them , that's what you can. Substantiate with evidence such as letter of acceptance, your bank statements and stuff like that.

Trick is, if you pay them properly, even slowly, they are more compelled to grant you waivers or discounts. Recently, MARA boss Annuar said they are giving 50% off... so what else can you do but go grab.. Pay them, Drive Grab etc.
You need to feed your family too right?





16 comments:

  1. That appears to be excellent however i am still not too sure that I like it. At any rate will look far more into it and decide personally! Raise my credit score in 30 days

    ReplyDelete
  2. You’ve got some interesting points in this article. I would have never considered any of these if I didn’t come across this. Thanks!. click here for more details

    ReplyDelete
  3. Very useful post. This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. Really its great article. Keep it up. lowest markup on personal loan in pakistan - hbl car loan calculator pakistan

    ReplyDelete
  4. Persons appreciate shopping for amazing, appealing, fascinating and from time to time attractive aromas for them selves and pertaining to others. This can be executed conveniently along with inexpensively in an on-line perfume shop. MONEYLENDER SINGAPORE

    ReplyDelete
  5. It is a great website.. The Design looks very good.. Keep working like that!. NIW

    ReplyDelete
  6. There are a lot of blogs over the Internet. But I can surely say that your blog is amazing in all. It has all the qualities that a perfect blog should have. payday loans no credit check

    ReplyDelete
  7. All the contents you mentioned in post is too good and can be very useful. I will keep it in mind, thanks for sharing the information keep updating, looking forward for more posts.Thanks gogopaydayloans.com

    ReplyDelete
  8. Everything has its value. Thanks for sharing this informative information with us. GOOD works! Online payday loans Florida

    ReplyDelete
  9. I have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article so only.Thanks! slick cash loan

    ReplyDelete
  10. You may pay an expense for the loan, in any case on the off chance that you are not working it will charge you more. Payday loans is a store of help, never underestimate the loans, since it could prompt obligation issues. see page

    ReplyDelete
  11. I like viewing web sites which comprehend the price of delivering the excellent useful resource free of charge. I truly adored reading your posting. Thank you! loan

    ReplyDelete
  12. Payday loan lenders attract a lot of criticism in the media and public eye, yet why is it that these type of business model continue to exist and thrive? The reason for that is because there is such a strong demand for payday loans or short term quick cash advance loans, especially from those who live paycheck to paycheck. nationalpaydayloanrelief

    ReplyDelete
  13. If you already have a pre-approved car loan, Auto Leads then that's even better because you have positively no need of extra financing from your dealer. Just use your car loan to finance the car and let the rebate handle some of the charges.

    ReplyDelete
  14. I am happy to find this post Very useful for me, as it contains lot of information. I Always prefer to read The Quality and glad I found this thing in you post. Thanks instagram likes and followers app free

    ReplyDelete
  15. The loan can be utilized for any reason, and is accessible to any individual who possesses their home.federal credit unions

    ReplyDelete
  16. This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion. You also know how to make people rally behind it, obviously from the responses. moneytrumpet.co.uk

    ReplyDelete

Do Follow me on Facebook & like us!