Say yes to the unparalleled opportunity to learn all you can, while paying only what you can afford.

Benefits

• Easy and flexible repayment options, including Interest Servicing Scheme, Partial Repayment Scheme and Standard Repayment Scheme
• Repayment period of up to 10 years
• Loan amount of up to 8 times of your monthly income
• For courses conducted in selected overseas institutions (full-time basis only)
• Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees

Interest rate

• Please call 1800-MAYBANK (1800-629 2265) or visit our branch to find out more!

Choose between 4 repayment schemes

Option A – Interest Servicing scheme followed by Standard Repayment scheme

Loan Amount               : S$30,000
Total Loan Tenure      : 9 years

Option B – Partial Repayment followed by Standard Repayment

Loan Amount               : S$30,000
Total Loan Tenure      : 9 years

Option C – Interest Servicing scheme followed by Partial Repayment scheme and then followed by Standard Repayment scheme

Loan Amount               : S$30,000
Total Loan Tenure      : 10 years

Option D – Standard Repayment scheme only

Loan Amount               : S$30,000
Total Loan Tenure      : 6 years

Who can apply

Main Applicant (student),

• Singapore Citizen, Singapore Permanent Resident
• Minimum 18 years of age; maximum 65 years of age upon loan maturity
• Pursuing a course conducted in selected overseas institutions (full-time basis only)

Guarantor must be

• Singapore Citizen, Singapore Permanent Resident
• Minimum 21 years of age; maximum 65 years of age upon loan maturity
• Minimum income of S$84,000 p.a.

Documents required

• NRIC (front and back) of Main Applicant/Guarantor(s)/Student
• 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 Main and Joint Applicant/Guarantor
• Document satisfactory to the bank as proof of enrolment

Download and complete the Application Form (PDF) and send/fax it to us with the necessary documents. Or make an appointment with our Lifestyle Finance Executives for a non-obligatory consultation.

Terms and conditions

A copy of the Special Conditions for Maybank Education Loans and Terms and Conditions (PDF) (effective January 2008) may be downloaded or obtained from any of our 22 Branches.

Questions? Our FAQ may help.