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Maybank Monthly Rest Education Loan
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Maybank Monthly Rest Education Loan

Reasons To Get This Education Loan:
  • Borrow up to 8x your monthly salary
  • Flexible repayment options
  • Loan tenure of up to 8 years
Maybank Monthly Rest Education Loan

Maybank Monthly Rest Education Loan Highlights

years

Local

Studies

4.78%

Interest Rate

$375

Per Month

Maybank Monthly Rest Education Loan

Repayment Summary

Principle Loan Amount
$20,000
Monthly Instalment
$375
Interest Rate (per annum)
4.78%
Loan Tenure
5 years
Total Amount Payable
$22,525
Total Interest Payable
$2,525

Key Product Features

Minimum Loan Amount
$5,000
Maximum Loan Amount
$200,000
Max Loan Tenure
8 years
Interest Rate
4.78%
Approval Duration
1 - 2 weeks

One-time Fees & Charges

Disbursement Fee
Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees
Processing Fee
2% of approved loan

Penalties & Late Fees

Late Payment Fee
3% + Interest rate, min $30
Partial Repayment Penalty
1% on the prepaid amount
Full Repayment Penalty
1% on the prepaid amount

Eligibility

Citizenship Status
Singapore Citizen or PR
Age Requirement
18 - 65 years old.
Employment Eligibility
Salaried Employee, Variable Income/Commission Based Earner, Self Employed
Minimum Annual Income
Minimum income of S$18,000 p.a. (for local part-time studies only)
Guarantor / Collateral
    Full-time studies - Guarantor(s) are required at all times, a maximum of 2 Guarantors are allowed for deriving loan amount. Part-time studies - Guarantors are required only when the student’s income is less than S$18,000p.a., up to 2 guarantors may be provided to determine the loan quantum.Guarantor must be 21 - 65 years old (Must not be bankrupt) upon loan maturity. Singapore Citizen or Singapore PR only and have a minimum income of $30,000 per annum.One of the guarantor(s) must be closely related to the student (spouse, parent, parent-in-law, sibling, legal guardian)
Maybank Monthly Rest Education Loan

Apply Online for This Education Loan Now!

Maybank Monthly Rest Education Loan

Apply Now