Maybank Education Loan

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 intrest 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 repayment schemes 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 at
    1800-MAYBANK (1800-629 2265) or visit a Maybank Branch to find out more!

Click here to find out more about Education Loan for overseas studies.

Overseas Visa Card Payment Promotion for Education Loan (overseas studies) Customers.

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(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

Download and complete our Application Form (PDF) and send/fax it to us with the required documents to:

420 North Bridge Road
#02-36 North Bridge Shopping Centre
Singapore 188727
Fax: 63385664

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Terms and Conditions

Education Loan Terms & Conditions (PDF)

General Terms & Conditions (PDF)

Questions? Our FAQ may help.