interest-fee During Studies
DBS Study Loan
Local
Studies
4.38%
Interest Rate(p.a.)
2.5%
Interest Rate(p.a.)
S$371.77
Per Month
- No early restitution or withdrawal penalty
- Up to $160k borrow up to 10 times of your monthly wage
- tenure for loans up to 10 years
Age Requirement | 17 – 65 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.306.20 |
Total Amount Payable | S$22,306.20 |
Monthly Instalment | S$371.77 |
Interest Rate (p.a.) | 4.38% |
Loan Tenure | 5 years |
POSB Further Study Assist
Local
Studies
4.38%
Interest Rate(p.a.)
2.5%
Interest Rate(p.a.)
S$371.77
Per Month
-
No early restitution or withdrawal penalty
- Up to $160k borrow up to 10 times of your monthly wage
-
Loan tenure of up to 10 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 17 – 65 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.306.20 |
Total Amount Payable | S$22,306.20 |
Monthly Instalment | S$371.77 |
Interest Rate (p.a.) | 4.38% |
Loan Tenure | 5 years |
OCBC FRANK Education Loan
Local
Studies
4.5%
Interest Rate(p.a.)
2.5%
Processing Fee (approved loan)
S$372.86
Per Month
-
Borrow up to 10x of your monthly salary, up to $150k
-
Loan tenure of up to 8 years
-
Flexible repayment options
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 21 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2,371.60 |
Total Amount Payable | S$22,371.60 |
Monthly Instalment | S$372.86 |
Interest Rate (p.a.) | 4.5% |
Loan Tenure | 5 years |
Maybank Monthly Rest Education Loan (Local)
Local
Studies
4.45%
Interest Rate(p.a.)
2%
Processing Fee (approved loan)
S$372.41
Per Month
-
Borrow up to 8x your monthly salary
-
Flexible repayment options
-
Loan tenure of up to 8 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 18 – 65 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.344.60 |
Total Amount Payable | S$22,344.60 |
Monthly Instalment | S$372.41 |
Interest Rate (p.a.) | 4.45% |
Loan Tenure | 5 years |
Maybank Monthly Rest Education Loan (Local)
Local
Studies
4.45%
Interest Rate(p.a.)
2%
Processing Fee (approved loan)
S$372.41
Per Month
-
Borrow up to 8x your monthly salary
-
Flexible repayment options
-
Loan tenure of up to 8 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 18 – 65 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.344.60 |
Total Amount Payable | S$22,344.60 |
Monthly Instalment | S$372.41 |
Interest Rate (p.a.) | 4.45% |
Loan Tenure | 5 years |
Maybank Monthly Rest Education Loan (Overseas)
Local
Studies
4.45%
Interest Rate(p.a.)
1.5%
Processing Fee (approved loan)
S$372.41
Per Month
-
Borrow up to 8x your monthly salary
-
Flexible repayment options
-
Loan tenure of up to 8 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 18 – 65 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.344.60 |
Total Amount Payable | S$22,344.60 |
Monthly Instalment | S$372.41 |
Interest Rate (p.a.) | 4.45% |
Loan Tenure | 5 years |
CIMB Monthly Rest Education Loan (Local)
Overseas
Studies
5.39%
Interest Rate(p.a.)
2%
Processing Fee (approved loan)
S$381.01
Per Month
-
Attractive interest rates
-
Borrow up to $200k by borrowing up to 8 times your monthly salary.
-
Loan tenure of up to 10 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 16 – 50 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2,860.60 |
Total Amount Payable | S$22,860.60 |
Monthly Instalment | S$381.01 |
Interest Rate (p.a.) | 5.39% |
Loan Tenure | 5 years |
CIMB Monthly Rest Education Loan (Overseas)
Overseas
Studies
5.39%
Interest Rate(p.a.)
2%
Processing Fee (approved loan)
S$381.01
Per Month
-
Attractive interest rates
-
Borrow up to $200k by borrowing up to 8 times your monthly salary.
-
Loan tenure of up to 10 years
Citizenship Status | Singapore Citizen or PR |
Age Requirement | 16 – 50 years old |
Principal Loan Amount | S$20,000 |
Total Interest Payable | S$2.860.60 |
Total Amount Payable | S$22,860.60 |
Monthly Instalment | S$381.41 |
Interest Rate (p.a.) | 5.39% |
Loan Tenure | 5 years |
Best Education Loans in Singapore
Product Name | Interest Rate |
Total Repayment (Based on $30,000 loan) |
---|---|---|
OCBC FRANK Education Loan | 4.5%
EIR 6.19% p.a.
|
S$32,127 |
Maybank Monthly Rest Education Loan | 4.78% | S$32,262 |
CIMB Monthly Rest Education Loan | 5.39%
EIR 6.75% p.a.
|
S$32,558 |
POSB Further Study Assist | 5.88% | S$32,797 |
Latest Education Loan News
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How much do you require for an education loan?
Training costs depend on the university and the course you are attending. Following a more prestigious university, studying a specialized course such as law & medicine, or taking a postgraduate degree, would be more expensive. This could need an education loan that offers a more considerable maximum loan amount.
In what ways you can fund your university education?
Besides relying on family members who can assist your university education financially, other ways to finance your education are here:
Get a scholarship or bursary.
MOE Tuition Fee loan.
CPF Education Scheme loan.
Education loan offered by banks.
Personal loan (Read more: When to use a personal loan for education).
When are you starting to pay off your loan?
Most teaching loans allow you to start paying your loan after your degree. This also means that you are not interested in your studies. Please note that the faster you pay your loan, the fewer interest charges you pay.
Here’s a report with hints on how to clear study fee loans quickly for university graduates.
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About FR Capital
FR Capital is a Singapore consultancy firm that helps SMEs to secure business loans from banks and financial institutions. We concentrate on SME finance, and through our expertise and network, we help clients secure funding with low-interest rates efficiently and hassle-free.