Say yes to the unparalleled opportunity to learn all you can while paying only what you can. Get a loan of up to 8X that of your monthly income at an attractive interest rate, as you enjoy the flexibility to apply with a guarantor if you do not meet the income criteria on your own.
Benefits
Available for local and overseas studies Attractive interest rate from 4.78% p.a.* Low processing fee of 2% on loan amount applies. Loan of up to 8X your monthly income, or S$200, 000, whichever is lower Flexible repayment period of up to 8 years (10 years for overseas studies) Choice of available to suit your needs Fee waiver for up to 3 Cashier's Orders or Demand Drafts for payment of your tuition fees For Preferred Schools Package, call us now at1800-MAYBANK (1800-629 2265) or visit a Maybank Branch to find out more!
* 4.78% is ELBR+0.78% p.a.
Education Loan Board Rate (ELBR) is currently at 4.00% p.a.
Types of repayment schemes available
Interest Servicing Scheme Pay only interest, for up to 3 years or till the end of your course, whichever is earlier. Standard monthly instalments (principal + interest), will commence thereafter. Partial Repayment Scheme Pay partial instalments for up to 3 years or till the end of your course, whichever is earlier. Standard monthly instalments (principal + interest), will commence thereafter Standard Repayment Scheme Pay your monthly instalments (principal + interest), once your loan is disbursed.Eligibility
Main Applicant/Student must be: Singapore Citizen or Singapore Permanent Resident Minimum 18, maximum 65 years of age upon loan maturity Minimum income of S$18, 000 p.a. (required for loan for local part-time studies only) - guarantor required Guarantor(s) must be: Singapore Citizen or Singapore Permanent Resident Minimum 21, maximum 65 years of age upon loan maturity Minimum income of S$30, 000 p.a.Documents required
NRIC (front and back) of student/main applicant/guarantor(s) Income documents of Main Applicant/Guarantor(s).For salaried applicants Latest computerised payslip or Latest Income Tax Notice of Assessment or Past 6 months' CPF Statement of Account For self-employed/commission-based earners Last 2 years' Income Tax Notice of Assessment Acceptance letter from school, stating type and duration of course Proof of relationship between student and main/joint applicant or guarantor
420 North Bridge Road
