Best Education Loans in Singapore (2020)

We found 4 Results for

Sort By

Refine

S$
Years

SingSaver's Providers

OCBC FRANK Education Loan

OCBC FRANK Education Loan

OCBC FRANK Education Loan
4.5%
Annual Interest RateEIR 6.19% p.a.
S$750
Processing Fees
S$892
Monthly Repayment
Maybank Monthly Rest Education Loan

Maybank Monthly Rest Education Loan

Maybank Monthly Rest Education Loan
4.78%
Annual Interest Rate
S$600
Processing Fees
S$896
Monthly Repayment
CIMB Monthly Rest Education Loan

CIMB Monthly Rest Education Loan

CIMB Monthly Rest Education Loan
5.39%
Annual Interest RateEIR 6.75% p.a.
S$600
Processing Fees
S$904
Monthly Repayment
POSB Further Study Assist

POSB Further Study Assist

POSB Further Study Assist
5.88%
Annual Interest Rate
S$900
Processing Fees
S$911
Monthly Repayment
SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. The effective interest rate (EIR) you can enjoy from the loans on our site range from 7.0% p.a. to 18.72% p.a. The EIR of your loan will depend on the annual interest rate (or bank advertised nominal interest rate) and the tenure of your loan. For example: a loan of S$10,000 over 3 years at 3.88% p.a. nominal interest would equate to monthly repayments of S$310.11, and the total cost of the loan that you pay back would be S$11,164. This is not inclusive of any administrative or processing fees that may apply.

How much do you need for an education loan?
The cost of education depends on the university you attend and the course you’re taking. Attending a more prestigious university, studying a specialised course such as law and medicine, or taking a postgraduate degree, would be more costly. This could require an education loan that offers a higher maximum loan amount.

What are some ways you can fund your university education?
Besides relying on family members who are able to support your university education financially, here are other ways to finance your education:

When do you start paying off your education loan?
Most tuition loans allow you to start paying off your education loan after graduation. This also means that you do not incur interest during your course of study. Keep in mind that the earlier you pay off your loan, the less you pay in interest fees. 

Here’s an article with tips for university graduates to clear tuition fee loans quickly.

Need some help?

No worries, we've got you covered!

What is an education loan?

How does an education loan work?

Who is eligible for an education loan?

How can I get an education loan?

How long does it take to get an education loan?

How to choose an education loan?

How much education loan can I get?

Can I get an education loan before admission?

What are the fees incurred for an education loan?

What are documents required for an education loan application?

Can I still get an education loan if I'm studying overseas or at a private university?

Which bank has the lowest interest rate for an education loan?

What are some of the best education loans in Singapore?

Confused by terms used in Personal Loan?

Glossary terms to know for first-time personal loan applicants

SingSaver

© 2015 - 2020 SingSaver PTE LTD. All rights reserved. This online platform is operated by SingSaver Pte. Ltd. and by continuing to use www.singsaver.com.sg (the “SingSaver Website”) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions and Privacy Policy of the SingSaver Website. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd. SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS.

1.25.0-254681774