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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 10x of your monthly salary up to $160k
  • Loan tenure up to 10 years
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POSB Further Study Assist

POSB Further Study Assist Highlights

years

Local

Studies

4.38%

Interest Rate

$372

Per Month

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POSB Further Study Assist

Repayment Summary

Principle Loan Amount
$20,000
Monthly Instalment
$372
Interest Rate (per annum)
4.38%
Loan Tenure
5 years
Total Amount Payable
$22,306
Total Interest Payable
$2,306

Key Product Features

Minimum Loan Amount
$2,000
Maximum Loan Amount
$160,000
Max Loan Tenure
10 years
Interest Rate
4.38%
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
2.5% 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 - 65 years old (upon loan maturity)
Employment Eligibility
Salaried Employee, Variable Income/Commission Based Earner, Self Employed
Minimum Annual Income
$18,000
Guarantor / Collateral
    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. Guarantor must be 21 - 65 years old (upon loan maturity). Singapore Citizen or Singapore PR only and have a minimum income of $24,000 per annum.Must be an immediate family member
POSB Further Study Assist

Apply Online for This Education Loan Now!

POSB Further Study Assist

Apply Now