PPBU STUDENTS NOTIFICATION LETTER

It is a letter to notify students that after a re-examination of the original Agreement, YBR has agreed to make the necessary amendments to the original Agreement.

Students are required to go to the YBR office to sign the document within 30 days of issuance of the Notification Letter.

Yayasan Bank Rakyat, Level 8, Menara 1, Menara Kembar Bank Rakyat, No. 33, Jalan Rakyat, KL Sentral, 50470 Kuala Lumpur.

No. You have to go to the YBR office with your guarantors either together or separately.

Yes - If one or both guarantors have breached any of the conditions for guarantors as stated in the relevant clause in the Agreement. ( For Example: Guarantor passes away; no longer resides in Malaysia; is abroad for 12 months consecutively; is declared bankrupt; is convicted of a civil crime or received a Court Decree that has not been paid within 30 days or has been faced with a seizure order.) No - If a guarantor has not contravened any of the terms and conditions as stated above. However, if a student fails to provide correct information or has concealed any information, YBR takes no responsibility for any consequences as a result of the said actions.

A copy of guarantor’s identity card and a certified copies of your pay slips for the last 3 months

Yes, if one or both guarantors are in breach of any of the conditions for guarantors as stated in the relevant Clause in the Agreement.

You can make an appeal to YBR for a change of guarantor as stipulated in YBR’s terms and conditions.

If you fail to sign the amended Agreement, according to Clause 8.1(b) of the original Agreement, you will be considered to have agreed to all the amendments to the original.

No. All costs incurred including Stamp Duty and legal fees will be borne by YBR.

30 days from issuance of the Notification Letter.

You will be considered to have agreed to all the amendments to the original Agreement.

If you can sign only after the deadline, you must inform YBR of this in writing. Acceptance in this case will be at the discretion of YBR.

Please refer to the Notification Letter. We have attached a draft of all the amendments made.

The amendments were made to update the format of the original Agreement.

 

Last Update : 10/08/2020