- Overseas
- Studies
- 4.5%
- Interest Rate (p.a.)
- 2.25% of loan amount or minimum $300, whichever is higher, payable upon acceptance of Letter of Offer
- Processing Fee (approved loan)
All Details
| Minimum Loan Amount | S$15,000 |
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| Maximum Loan Amount | S$200,000 |
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| Maximum Loan Tenure | 10 years |
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| Interest Rate | 5.2% |
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| Approval Duration | 1 to 2 weeks |
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| Disbursement Fee | Up to 3 free Cashier's Orders for payment of your tuition fees |
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| Processing Fee | 2.25% of loan amount of minimum $300, whichever is higher, payable upon acceptance of Letter of Offer. |
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| Late Payment Fee | 3% + interest rate (min $30) |
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| Partial Repayment Penalty | 1% on the prepaid amount |
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| Full Repayment Penalty | 1% on the prepaid amount |
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| Citizenship Status | Singapore Citizen or PR |
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| Age Requirement | 18 - 65 years old |
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| Employment Eligibility | Salaried employee, Variable income/Commission based earner, Self-employed |
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| Guarantor/Collateral | |
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| Full-time studies - Guarantor(s) are required at all times, a maximum of 2 Guarantors are allowed for deriving loan amount. | |
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| 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. | |
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| One of the guarantor(s) must be closely related to the student (spouse, parent, parent-in-law, sibling, legal guardian) | |
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