Maybank Education Loan

Say yes to the unparalleled opportunity to learn all you can while paying only what you can afford. Get a loan quantum of up to 8 times 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 loan criteria on your own.

Benefits

  • For local and overseas studies
  • Attractive interest rate from 4.78% p.a.
  • 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 scheme available to suit your needs
  • Up to 3 free 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 our Branch to find out more!

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

Get a Maybank Education Loan, help a student

From 1 July to 31 December 2014, take up a Maybank Education Loan and the Bank will donate S$30* to The Straits Times School Pocket Money Fund.

Come join hands with us for a good cause.

*Capped at S$20,000 throughout the period
Terms and Conditions apply.

In support of

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

Types of repayment schemes available

  • Interest Servicing Scheme
    • Pay only interest for the loan disbursed till the end of your course or up to 3 years, whichever is earlier. Standard monthly instalment (principal + interest) will commence thereafter.
  • Partial Repayment Scheme
    • Pay only partial instalment for the loan disbursed till the end of your course or up to 3 years, whichever is earlier. Standard monthly instalment (principal + interest) will commence thereafter.
  • Standard Repayment Scheme
    • Pay your monthly instalment (principal and interest) once your loan is disbursed.

Eligibility

  • Main Applicant/Student must be:
    • Singapore Citizen or Singapore Permanent Resident
    • Minimum 18 years of age; maximum 65 years of age upon loan maturity
    • Minimum income of S$18,000 p.a. (for local part-time studies only)
  • Guarantor(s) must be:
    • Singapore Citizen or Singapore Permanent Resident
    • Minimum 21 years of age; 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.