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Education Loans

 

rhb-logoThe RHB Education Loan has one of the lowest interest rates in the market of 4.78% p.a. (EIR2 = 5.12% p.a.) for local studies and 4.88%p.a.(EIR2=5.22% p.a.) for overseas studies, you can be assured that repayments will be easy on your pocket. RHB lets you borrow up to 6 times your (or you parent’s or joint applicant’s) monthly income, or up to S$100,000. With a repayment period of up to 10 years, you can choose to spread your instalments over a longer period for lighter monthly repayments. You can even choose to pay only the interest portion while you are studying for even more repayment comfort. The RHB loan also allows you to finance your living expenses so that you do not have to worry about your accommodation and daily expenses.

 

maybank-logoAttractive interest rate of 4.78% p.a.; flexible repayment period of up to 8 years (10 years for overseas studies); loan amount of up to 8 times of your monthly income. Guarantor must have minimum income of S$30,000 p.a. Apply online and enjoy 25% discount on processing fees.

 

posb-logoPOSB Education loan grants you up to 6x the combined monthly income of you and your guarantor (max S$80,000) Interest rate at 5.88% p.a. Flexible repayment period of between 1 to 5 years. There is no early repayment penalty charge should you choose to redeem your loan before end of the tenure.

 

maybank-logoAttractive interest rate at only 3.48%* p.a. across all tenures. One of the lowest processing fees. Minimum loan amount of S$1,000. Finance up to 8 times of your monthly income or S$200,000, whichever is lower. Enjoy loan tenure of up to 10 years. Unlimited Cashier’s Orders to manage your loan disbursement

 

nus-logoThe Credit Co-operative (TCC) Local Education Loan charges only 2.9% flat rate per annum. Apply online and enjoy 25% discount on processing fees. Appliaction requirements: Letter of offer from educational institution, surety(s), proof of income, NRIC.

 

 

Other Loans:

OCBC Bank
DBS Bank
HSBC Bank
SMU Education Loan
SUDT Tuition Fee Loan
NTU Study Loan
NUS Student Assistance Loan