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RHB Monthly Rest Education Loan
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RHB Monthly Rest Education Loan

Reasons To Get This Education Loan:
  • Borrow up to 6x your monthly salary
  • Flexible repayment options up to 10 years
  • Free personal accident coverage up to 10 years
RHB Monthly Rest Education Loan

RHB Monthly Rest Education Loan Highlights

years

Local

Studies

4.78%

Interest Rate

$375

Per Month

RHB 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
$3,000
Maximum Loan Amount
$100,000
Max Loan Tenure
10 years
Interest Rate
4.78%
Approval Duration
1 - 2 weeks

One-time Fees & Charges

Disbursement Fee
Free cashiers’ orders for disbursement to local education institutions.
Processing Fee
2% of approved loan

Penalties & Late Fees

Late Payment Fee
5% above Prime Lending Rate (currently at 5.70%) on any overdue instalment
Partial Repayment Penalty
1% on the prepaid amount
Full Repayment Penalty
1% on the outstanding loan amount

Eligibility

Citizenship Status
Singapore Citizen or PR
Age Requirement
21 - 62 years old
Employment Eligibility
Salaried Employee, Variable Income/Commission Based Earner, Self Employed
Minimum Annual Income
$12,000
Guarantor / Collateral
    Guarantor required if loan amount cannot be supported by main and joint applicant's incomeMinimum annual income of S$30,000 for Guarantor. Must be an immediate family member
RHB Monthly Rest Education Loan

Apply Online for This Education Loan Now!

RHB Monthly Rest Education Loan

Apply Now