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))||
|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.