- From 4.5%
- Interest Rate
- S$11,350
- Total Amount Payable
- S$225
- Processing Fee
All Details
Total Interest Payable | S$1,350 |
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Monthly Payment | S$315 |
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Total Amount Payable | S$11,350 |
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Processing Fee | S$225 |
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Effective Interest Rate | 4.5% |
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Annual Interest Rate | 4.5% |
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Approval Duration | N/A |
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Citizenship | Singaporean/Pr |
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Principal Loan Amount | S$10,000 |
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Loan Tenure | 3 Years |
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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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Guarantor/Collateral | Full-time studies - Guarantor(s) are required at all times, a maximum of 2 Guarantors are allowed for deriving loan amount. 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. One of the guarantor(s) must be closely related to the student (spouse, parent, parent-in-law, sibling, legal guardian) |
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Processing Fee | 2.25% of loan amount of minimum S$300, whichever is higher, payable upon acceptance of Letter of Offer |
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Disbursement Fee | Up to 3% free Cashier's Orders 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 the prepaid amount |
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Full Repayment Penalty | 1% on the prepaid amount |
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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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Approval Duration | 1 to 2 weeks |
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Interest Rate | 5.2% |
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