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Student Education Loans Singapore

Singapore is considered as one of the popular places for pursuing higher education studies. Students from various parts of the world come to Singapore in order to pursue higher educational degrees. This place offers diversified range of subjects to the students. Education system in Singapore is highly flexible providing the students with maximum advantages. Majority of the students opt for the facility of student education loans for Singapore for availing higher studies. Singapore student education loans are defined as really helpful in case of higher level of educational degrees.

Why Students Education Loan

Managing Expenses: It is rightly said that education is actually the most significant investment that cannot be hampered because of any sort of financial crisis. So, in this context, we can say that educational loan is the most useful way for managing the huge expenses of education, which is constantly rising. Students’ loans are offered for assisting the students in payment of professional educational fees.

Affordable : One of the wonderful aspects about the student educational loan is that they usually carry low interest rates as compared to other types of loans.

Financial Aid : The maximum amount of loan actually depends on the college years of the student. So, it doesn’t mater whether you are an undergraduate or post-graduate student, you can get loan in all cases. ‘Financial aid’ is the term that can appositely define what student loan actually is.

Companies Offering Educational Loans

Student loan in Singapore offers a range of extended repayment and postponement options. In Singapore there are a number of government as well as private lenders who offer educational loans to the students. Before you select any lender, it is always advised to compare the services, interest rates and other facilities offered by the companies. Some of the companies offering educational loans in Singapore are as follows; just have a look at them –

Name of the Company	Interest Rates	Requirements	Application Procedure	Services and Incentives
Maybank Education Loan	4.88% (per annum)	Nationality – Singaporean, Age – 21 to 60 years, Minimum annual income criteria – S$30,000	Download and send the completed application form.	Flexible and easy repayment options, Highest loan amount available, attractive interest rates
Citibank Educational Loan	Competitive interest rate and the top tier students will enjoy a reduced interest rate of 0.5%	Age – 21 to 55 years. Nationality – Permanent resident of Singapore.	Download the application form and send it along with all the relevant documents as mentioned in the application form.	Maximum loan amount available
RHB Bank Edu Loan	4.88% (annually)	Age – 21 to 62 years, Nationality – Singaporean, Annual income certificate, Educational institution’s letter of acceptance	Students can apply online	Highest loan amount offered, lower interest rates, easy repayment options
TCC Credit Cooperative	4.50%, it differs as per the loan plans and programs	Proof of income, educational institution’s letter of offer, income proof letter.	Students need to apply online	Easy repayment facility
OCBC Education Loan	6.5% (per annum)	Age – 21 to 55 years, Nationality – Singaporean, Minimum annual income – S$24,000	Download and print the application form. Send the completed form along with all the necessary documents. Students can also apply online	Competitive interest rate, highest amount of loan available to the students, attractive loan tenure

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