- From 4.5%
- Interest Rate
- S$21,040
- Total Amount Payable
- S$450
- Processing Fee
All Details
Total Interest Payable | S$1,040 |
---|
Monthly Payment | S$1,753 |
---|
Total Amount Payable | S$21,040 |
---|
Processing Fee | S$450 |
---|
Effective Interest Rate | 5.2% |
---|
Annual Interest Rate | 5.2% |
---|
Approval Duration | N/A |
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Citizenship | Singaporean/Pr |
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Principal Loan Amount | S$20,000 |
---|
Loan Tenure | 1 Year |
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Minimum Annual Income | S$18,000 |
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Maximum Loan Tenure | 8 Years |
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Citizenship Status | Singaporean / PR |
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Age Requirement | 18 - 65 years old |
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Employment Status | Salaried Employee, Variable Income/ Commission based earner, Self Employed |
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Minimum Annual Income | Minimum income of S$18,000 p.a. (for local part-time studies only) |
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Guarantor/Collateral | Guarantor (if required) : Minimum S$30,000 annual income |
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Processing Fee | 2.25% of loan amount or minimum S$300, whichever is higher, is payable upon acceptance of Letter of Offer |
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Disbursement Fee | Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees |
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Late Payment Fee | 3% + Interest Rate (min S$30) |
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Partial Repayment Penalty | 1% on prepaid amount |
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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. |
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Minimum Loan Amount | S$5,000 |
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Maximum Loan Amount | S$200,000 |
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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.) |
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