Get the latest Education Loan interest rates for Singapore on MoneySmart.sg. See how education loans compares against other banks and apply instantly online.
If you can't find an answer to your question below, you may MoneySmart Forum.
If you can't find an answer to your question below, you may MoneySmart Forum.
With an education loan, you can finance your tuition fees so you can focus on studying and doing better in the classroom.
You can choose from a flat rate or Monthly Rest option. Flat rates are fixed throughout the loan tenure whereas Monthly Rest varies from month to month but generally tend to be lower. Some banks also allow you to borrow to cover your accommodation and daily living expenses overseas.
Here are some qualifying criteria you must fulfill in order to qualify for a study loan:
The tenures for education loans vary, ranging from 1 to 10 years. Some bank allow you to defer your repayment until after you have completed your studies.
Depending on the bank, you can also get free insurance with your loan offering coverage for accidental death or permanent disability for the duration of the loan repayment period.
Yes. You’ll need to pay a processing fee of about 2% on the loan amount that will be deducted from the loan’s first disbursement.
Some other fees you can expect from an education loan include:
These are the documents needed to submit to the banks for a education loan application:
Banks revise their education loan rates from time to time. Education Loan rates usually range from 3%-6% per annum. Check MoneySmart.sg for the latest education loan interest rates across all banks offering education loans.
MoneySmart Forum is a community driven question and answer platform. Once you have asked your question and signed in, you will be redirected to MoneySmart Forum
MoneySmart Forum is a community driven question and answer platform. Once you have asked your question and signed in, you will be redirected to MoneySmart Forum
A Post-Graduate education was something I have been considering for a long time and MoneySmart's tools for Education Loans played a part in my decision. Knowing I could afford the fees with a loan was a major part of my choice to go back to school
Getting a University education was something I needed to do, but I did not want to burden my family with the financial costs. Education loans made it possible to do that, and MoneySmart's resources were a great way to decide which loan was best for me
Whether you need financing for your tertiary education locally or overseas we’ll help you find the best education loan to make it happen.
We’ve aggregated all the latest education loan rates so you can compare them easily.
Find better education loan rates and promotions you might have missed.
Apply hassle free online or get the bank to contact you with more details.
