Local Education Loan

We offer one of the most comprehensive local education loans with our members’ interest in our heart. You have made the right choice to further your studies, now make the right decision to finance your education with our education loan.

Loan Quantum 100% Course fees
Rates of Interest 4% flat rate per annum (EIR 7.30% per annum)
Repayment Term Up to maximum of 5 years
Processing Fees 2.5% flat
Eligibility (Applicant / Surety(ies))
  • Singapore Citizen or Permanent Resident
  • Age for Applicant: between 21 to 65 years
  • Age for Surety(ies): between 21 to 60 years

 

Document Required Applicant Surety
Photocopy of NRIC (Front & Back) Yes Yes
Letter of Acceptance from Institute Yes  
School Fees Payment Schedule Yes  
Latest Computerised Payslip Yes Yes
Letter of Employment (if <3 Months Employment) Yes Yes
Last 6 months CPF contribution history Yes Yes
Latest IRAS Notice of Assessment (NOA) Yes Yes
CBS - Enhanced Consumer Credit Report Yes Yes

* Numbers of sureties to be provided are subject to loan quantum and credit evaluation.

Loan Calculator

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