- Local
- Studies
- 4.38%
- Interest Rate (p.a.)
- 2.5%
- Processing Fee (approved loan)
All Details
| Minimum Loan Amount | S$2,000 |
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| Maximum Loan Amount | S$160,000 |
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| Maximum Loan Tenure | 10 years |
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| Interest Rate | 4.38% |
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| Approval Duration | 1 - 2 weeks |
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| Disbursement Fee | No charges for issuance of Cashier's order/demand draft to the instituitions |
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| Processing Fee | 2.5% of approved loan |
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| Late Payment Fee | S$30 |
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| Partial Repayment Penalty | No charges |
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| Full Repayment Penalty | No charges |
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| Citizenship Status | Singapore Citizen or PR |
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| Age Requirement | 17 - 65 years old (upon loan maturity) |
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| Employment Eligibility | Salaried employee, Variable income/Commission based earner, Self-employed |
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| Minimum Annual Income | S$18,000 |
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| Guarantor/Collateral | |
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| Guarantor required if student is below the age of 21 and/or studying on a full time basis and/or studying overseas and/or do not meet min. income requirement of $18k per annum and/or requires a loan higher than the eligible credit limit. | |
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| Guarantor must be 21 - 65 years old (upon loan maturity). | |
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| Singapore Citizen or Singapore PR only and have a minimum income of $24,000 per annum. | |
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| Must be an immediate family member | |
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