Abstract-This study investigates the factors affecting borrowing intention among fresh graduates of Malaysia based on the Theory of Planned Behavior (TPB). About 153 questionnaires were accepted and analyzed using structural equation modeling (SEM) in determining the relationships. The results show that borrowing intention amongst fresh graduates is influenced by self-identity and perceived behavior control. The young graduates believe that they have complete control of their behavior in borrowing as they perceived to be equipped with the knowledge about the personal financing. In addition, because of their experience in students' loans since undergraduates' level, the result explains why self-identity was found to be a significant predictor. The findings offer implications for researchers and government. Index Terms-Borrowing, self-identity, theory planned behavior.