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| Personal : Loans
> Education
Loan |
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| Benefits |
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- Attractive interest rate of 4.88% p.a.*
- Easy and flexible repayment options
- Loan amount of up to 6 times your monthly income or S$50,000, whichever is lowest
- Secure the loan as an individual or with a joint applicant or guarantor
- Repayment period of up to 6 years
- Up to 3 free Cashier’s Orders or Demand Drafts for payment of your tuition fees
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| Choose between 2 repayment plans |
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The instalment you pay will be according to the
loan amount disbursed. |
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Example: |
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| Disbursed amount |
S$10,000 |
| Loan duration |
4 years |
| Interest rate |
4.88% p.a.* |
| Monthly instalment |
S$230 |
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You will enjoy higher financial flexiblity, as
this plan defers a
portion of your instalment for the first two years
of your course. |
| Example: |
| Disbursed amount |
S$10,000 |
| Loan duration |
4 years |
| Deferred period |
2 years |
| Interest rate |
4.88% p.a.* |
| Monthly
instalment |
S$127/month during
deferred period
S$345/month after deferred period |
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| Eligibility |
| To qualify for our Education
Loan, you must be: |
- Singapore Citizen
or Singapore Permanent Resident
- Minimum 21 years old; maximum 60 years old upon loan maturity
- Earning a gross
combined annual income of at least S$24,000 with your joint applicant
- Pursuing a course that is conducted locally (part-time or full-time)
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| FAQ |
- Get answers to frequently asked questions here
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| Apply |
- Online
- Download and complete our Application Form and send/fax it to us with the necessary documents
- Make an appointment with our Personal Finance Executives for a
non-obligatory consultation
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Terms and conditions
apply. A copy of the Special Conditions for Maybank Education Loans and Terms
and Conditions (effective January 2008) may be downloaded
or obtained from any of our 22 Branches.
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Based on Education Loan Board Rate + 0.88% and is subject to change. |
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The Deferred Instalment Plan is only available to students with a remaining course duration of at least 24 months |
| The examples are for illustration purpose only. The
monthly instalment amounts shown should not be taken
as the actual amounts payable. |
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