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| Personal : Loans
> Education
Loan |
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| Benefits |
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- Attractive interest rate of 5.38% p.a.* for a limited period
- Easy and flexible repayment options
- Loan amount of up to 6 times your monthly income, or S$50,000, whichever is lowest (minimum loan amount must be S$5,000)
- Secure the loan either as an individual or with a joint applicant or guarantor
- Repayment period of up to 6 years
- Commission waivers on the first 3 Cashier's Orders or Demand Drafts for payment of your tuition fees
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Either:
1. Apply online
2. Download and complete our Application Form and send/fax it to
us with the necessary documents
3. Make an appointment with our Personal Finance Executives
A processing fee of of S$50 will be charged upon loan acceptance. |
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| Choose between 2 repayment plans to suit your needs |
Option A - Standard
Instalment Plan
The instalment you pay will be according to the
loan amount
disbursed.
Example: |
| Disbursed amount |
S$10,000 |
| Loan duration |
4 years |
| Interest rate |
5.58% p.a.* |
| Monthly instalment |
S$233 |
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Option B - Deferred
Instalment Plan**
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 |
5.58% p.a.* |
| Monthly
instalment |
S$129/month during
deferred period
S$349/month after deferred period |
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| Eligibility |
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| To qualify for our Education
Loan, you must be: |
- Singapore Citizen
or 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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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 0.33% above
prevailing Maybank Prime
Rate. This
interest rate is valid for a promotional period only.
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| ** |
The Deferred Instalment
Plan is only available to students with a course duration
of at least 24 months |
| Disclaimer: |
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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