Scholarship Programme


Cagamas Berhad (Cagamas), the National Mortgage Corporation of Malaysia, was established in 1986 to promote the broader spread of house ownership and growth of the secondary mortgage market in Malaysia. Cagamas issues debt securities to finance the purchase of housing loans from primary lenders. The provision of liquidity at a reasonable cost to the primary lenders of housing loans encourages further expansion of financing for houses at an affordable cost.


The programme is intended to reach out to deserving Malaysians who are in need of financial aid to pursue their education.


Up to RM10,000 a year in course and other fees including hostel fees, or the actual cost, whichever is lower;
Up to RM2,000 in allowances for learning aids including books, computer, stationeries and other materials per semester or up to RM4,000 per year;
Up to a maximum of RM8,400 allowance per year or RM700 per month;

Cagamas scholars will be given priority to participate in Cagamas Internship Programme, aimed at furnishing them with hands-on experience in various disciplines within Cagamas, while also aiding in the development and refinement of their soft skills.
There will be no bond to this scholarship and the recipients are not required to repay the amount of scholarship awarded.
Induction Programme
An induction programme will be provided to all recipients of the Cagamas Scholarship Award. This is to ensure the recipients understand the mandate, vision, mission and values of Cagamas.
Each scholar will be assigned a “mentor” from the Senior Management Team and selected Management Team. The mentor is to provide consistent and continuous mentoring throughout the duration of the scholar’s programme. This is to ensure that the scholars have the necessary support and are able to leverage on their mentors’ experiences.

In summary, the programme will cover the above fees and allowances up to a maximum of RM20,000 per person per annum.


The scholarship will be offered on a yearly basis to successful applicants, to undertake up to four (4) years of undergraduate studies locally.

This notice of offer for the scholarship is open for applications from all Malaysian students in need of funding. Students who have started their undergraduate studies are also eligible to apply provided they meet the requirements.

  • You must be a Malaysian citizen under 25 years old;
  • You must have good academic results in SPM/STPM or equivalent (with credits in Bahasa Malaysia and English);
  • You  must be a full-time student and have gained admission into any of the courses related to the field of studies listed here, which has been approved and accredited by the Malaysian Qualifications Agency (MQA), in a college or university in Malaysia as approved by Cagamas;
  • Not be in a position to take on the course without financial aid or award;
  • Not be in receipt of any other scholarship, financial aid or award from any institution, organisation or foundation;
  • Not have been terminated from or ceased to be in receipt of any other scholarship, financial aid or award from any institution, organisation or foundation, due to disciplinary action against the applicant; and
  • Applications will only be considered if they meet the eligibility criteria; the specific field of study and the list of colleges and universities as approved by Cagamas.


The list of pre-requisites includes:

  • Maximum household combined salary of not more than RM4,000. It is a requirement for the applicant to provide information on the parents’ income;
  • The offer of scholarship will be subject to acceptance of the terms and conditions of a scholarship agreement with Cagamas; and
  • Recipients of the scholarship award will be required to fulfil conditions as set out in the scholarship agreement including, but not limited to, maintaining a minimum ‘Cumulative Grade Point Average’ (CGPA) of 3.00 or achieve a minimum of ‘Second Class Upper’ in the final examinations.


Cagamas may discontinue the scholarship or any part of the scholarship, at any time should the recipient of the scholarship:

  • Be unable to continue his or her studies, for whatever reason;
  • Fail to achieve a minimum Grade Point Average (GPA) and Cumulative Grade Point Average (CGPA) of 3.00 in any semester;
  • Fail to maintain conduct which is consistent with the rules and regulations specified by the college or university and is placed on probation; or
  • Is in breach of any of the terms and conditions of the Cagamas scholarship agreement.


Banking/ Islamic Banking
Business Administration
Finance/ Islamic Finance
Financial Banking and Management
Economics/ International Financial Economics
Actuarial Science
Law/ Shariah Law
Computer Science/ Information Technology
Human Resource
Risk Management
Technology Based Fields related to Financial Industry




Cagamas scholarship is for bachelor’s degree only.

Cagamas will only consider applicants who plan to pursue bachelor’s degree in any of the listed fields of study.

Cagamas will only consider applicants who apply for bachelor’s degree at the listed colleges/ universities approved by Cagamas.

RM20,000 per year.

  • Course & Hostel Fees/ Rented accommodation if required to stay off- campus;
  • Monthly allowance of RM700.00 per month (credited into the individual scholar’s account on monthly basis); and 
  • Learning Aids – including books, laptop & printer (only once), stationery etc. (Payment on reimbursement basis supported by relevant documents).

Either in September or October, depending on your official university registration.

No as the scholarship will be granted as follows:

  • Only allowance of RM500 per month will be transferred monthly into the individual scholar’s account.
  • Course & Hostel Fees/ Rented accommodation if required to stay off- campus will be paid based on the amount quoted by the university/ landlord.
  • Payment of learning aids will be on reimbursement basis based on the receipt/ related documents.

Cagamas scholarship is to help applicants from the hard-core poor background, so the priority will be given to this group.

We will only notify the shortlisted candidates.

Yes, there will be both assessment and interview sessions.

Online assessment and virtual interview.

Within two (2) or three (3) weeks after the closing date of application.

No, this is a bond-free scholarship.

This scholarship is for the applicants who will be enrolling their first year at the university.

Yes, you can still apply for Cagamas scholarship, but the priority will still be given to applicants who have not gotten any sorts of financial aids.

Besides the parents’ total income, we also look at other contributing factors like good academic results, the number of siblings, field of study et cetera.

Yes, RM700 per month.

You can apply for Cagamas scholarship at

You must submit the following documents:

  1. A copy of National Registration Identification Card (I/C).
  2. A copy of STPM, Matriculation, Diploma or any other higher education transcript and SPM.
  3. A copy of parents’/guardian’s most recent income tax form/ payslips; or
  4. Any other proof of income such as letter on financial aid received from the government, zakat, cash voucher etc.
  5. Recent passport-sized colour photograph.
  6. UPU Application/Acceptance/Offer Letter by university or private college to undertake a field of study as approved by Cagamas.

"Bond-free" means the scholars do not have to repay anything.

Yes, you can apply for Cagamas scholarship before being accepted to a university. Please upload the screenshot of your UPU application. The university and the field of study must be that listed and approved by Cagamas.

You can e-mail us at

Okay with the following conditions:

  1. The new course is listed in Cagamas approved field of study; and
  2. You change your course of study prior to the admission to the university/ college approved by Cagamas only.


Cagamas scholarship is only for the full-time student.

You can submit ONE application only.

Scholarship application is now open until 26 July 2024.