- From 4.5%
- Interest Rate
- S$10,520
- Total Amount Payable
- S$225
- Processing Fee
All Details
| Total Interest Payable | S$520 |
|---|
| Monthly Payment | S$877 |
|---|
| Total Amount Payable | S$10,520 |
|---|
| Processing Fee | S$225 |
|---|
| Effective Interest Rate | 5.2% |
|---|
| Annual Interest Rate | 5.2% |
|---|
| Approval Duration | N/A |
|---|
| Citizenship | Singaporean/Pr |
|---|
| Principal Loan Amount | S$10,000 |
|---|
| Loan Tenure | 1 Year |
|---|
| Minimum Annual Income | S$18,000 |
|---|
| Maximum Loan Tenure | 8 Years |
|---|
| Citizenship Status | Singaporean / PR |
|---|
| Age Requirement | 18 - 65 years old |
|---|
| Employment Status | Salaried Employee, Variable income/ Commission based earner, Self Employed |
|---|
| 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) |
|---|
| Processing Fee | 2.25% of loan amount of minimum S$300, whichever is higher, payable upon acceptance of Letter of Offer |
|---|
| Disbursement Fee | Up to 3% free Cashier's Orders for payment of your tuition fees |
|---|
| Late Payment Fee | 3% + Interest Rate (min S$30) |
|---|
| Partial Repayment Penalty | 1% on the prepaid amount |
|---|
| Full Repayment Penalty | 1% on the prepaid amount |
|---|
| Minimum Loan Amount | S$15,000 |
|---|
| Maximum Loan Amount | S$200,000 |
|---|
| Maximum Loan Tenure | 10 years |
|---|
| Approval Duration | 1 to 2 weeks |
|---|
| Interest Rate | 5.2% |
|---|
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