From 4.5%

Interest Rate

^S$22,700

Total Amount Payable

^S$450

Processing Fee

All Details

• Key Features

  • Enjoy attractive interest rates

  • Apply for loan amount of up to 8X your monthly income or S$200,000 (whichever is lower)

  • Repayment period of up to 10 years

  • Available for both local and overseas studies

  • Additional financing for education-related expenses (such as accommodation fees, computer equipment, books)

  • Choose from various flexible education loan repayment plans to suit your financial needs

• Repayment Summary

  Total Interest Payable	S$2,700
  Monthly Payment	S$631
  Total Amount Payable	S$22,700
  Processing Fee	S$450
  Effective Interest Rate	4.5%
  Annual Interest Rate	4.5%
  Approval Duration	N/A
  Citizenship	Singaporean/Pr
  Principal Loan Amount	S$20,000
  Loan Tenure	3 Years
  Minimum Annual Income	S$18,000
  Maximum Loan Tenure	8 Years

Eligibility

Citizenship Status	Singaporean / PR
Age Requirement	18 - 65 years old
Employment Status	Salaried Employee, Variable Income/ Commission based earner, Self Employed
Minimum Annual Income	Minimum income of S$18,000 p.a. (for local part-time studies only)
Guarantor/Collateral	Guarantor (if required) : Minimum S$30,000 annual income

Fees & Charges

Processing Fee	2.25% of loan amount or minimum S$300, whichever is higher, is payable upon acceptance of Letter of Offer
Disbursement Fee	Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees
Late Payment Fee	3% + Interest Rate (min S$30)
Partial Repayment Penalty	1% on prepaid amount
Full Repayment Penalty	2.50% of amount prepaid or redeemed during the loan tenure. A minimum notice period of 1 month or payment of interest in lieu is required.

Loan Features

Minimum Loan Amount	S$5,000
Maximum Loan Amount	S$200,000
Maximum Loan Tenure	10 years
Approval Duration	1 - 2 weeks
Interest Rate	Attractive interest rates from 5.2% p.a. (Education Loan Board Rate plus 0.45% p.a.)