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OCBC FRANK Education Loan
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OCBC FRANK Education Loan

Reasons To Get This Education Loan:
  • Borrow up to 10x your monthly salary up to $150k
  • Loan tenure of up to 8 years
  • Flexible repayment options
OCBC FRANK Education Loan

OCBC FRANK Education Loan Highlights

years

Local

Studies

4.5%

Interest Rate

$373

Per Month

OCBC FRANK Education Loan

Repayment Summary

Principle Loan Amount
$20,000
Monthly Instalment
$373
Interest Rate (per annum)
4.5%
Loan Tenure
5 years
Total Amount Payable
$22,372
Total Interest Payable
$2,372

Key Product Features

Minimum Loan Amount
$1,000
Maximum Loan Amount
$150,000
Max Loan Tenure
8 years
Interest Rate
4.5%
Approval Duration
1 - 2 weeks

One-time Fees & Charges

Disbursement Fee
S$20 per cashier’s order or demand draft issue
Processing Fee
2.5% of approved loan (min $100)

Penalties & Late Fees

Late Payment Fee
$50
Partial Repayment Penalty
1% of amount prepaid
Full Repayment Penalty
1% of amount prepaid

Eligibility

Citizenship Status
Singapore Citizen or PR
Age Requirement
21 years old and above
Employment Eligibility
Salaried Employee, Variable Income/Commission Based Earner, Self Employed
Minimum Annual Income
Annual income S$24,000 and above (individual or with joint applicant)
Guarantor / Collateral
    Guarantor required if the applicant is not working or loan amount cannot be supported by applicant's income Guarantor must be 21 - 60 years old
OCBC FRANK Education Loan

Apply Online for This Education Loan Now!

OCBC FRANK Education Loan

Apply Now