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POSB Further Study Assist
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POSB Further Study Assist

Reasons To Get This Education Loan:
  • No early redemption or cancellation penalty
  • Borrow up to 6x of your monthly salary up to $80k
  • Loan tenure up to 5 years
POSB Further Study Assist

POSB Further Study Assist Highlights

years

Local

Studies

5.88%

Interest Rate

$386

Per Month

POSB Further Study Assist

Repayment Summary

Principle Loan Amount
$20,000
Monthly Instalment
$386
Interest Rate (per annum)
5.88%
Loan Tenure
5 years
Total Amount Payable
$23,132
Total Interest Payable
$3,132

Key Product Features

Minimum Loan Amount
$2,000
Maximum Loan Amount
$80,000
Max Loan Tenure
5 years
Interest Rate
5.88%
Approval Duration
1 - 2 weeks

One-time Fees & Charges

Disbursement Fee
No charges for issuance of Cashier’s Order/Demand Draft to the institutions.
Processing Fee
3% of approved loan

Penalties & Late Fees

Late Payment Fee
$30
Partial Repayment Penalty
No charges
Full Repayment Penalty
No charges

Eligibility

Citizenship Status
Singapore Citizen or PR
Age Requirement
17 - 50 years old
Employment Eligibility
Salaried Employee, Variable Income/Commission Based Earner, Self Employed
Minimum Annual Income
$1,500
Guarantor / Collateral
    Guarantor required if student is age 21 below and/or does not meet minimum income requirement. Guarantor must be 21 - 55 years old (Must not be bankrupt). Singapore Citizen or Singapore PR only and have a minimum income of $24,000 per annum.Must not be an existing applicant or guarantor for POSB Further Study Assist.Must be an immediate family member
POSB Further Study Assist

Apply Online for This Education Loan Now!

POSB Further Study Assist

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