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 up to 8 times of your monthly income; flexibility to apply with Guarantor if you do not meet the loan criteria on your own.

Key info

  • Attractive interest rate of 4.78% p.a.
  • Flexible repayment period of up to 8 years (10 years for overseas studies)
  • Interest Servicing, Partial Repayment and Standard Repayment schemes available
  • NEW UPDATES: now with Preferred Schools Package, call us now at 1800-MAYBANK (1800-629 2265) or visit our branch to find out more!

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 8 years (10 years for overseas studies)
  • Loan amount of up to 8 times of your monthly income
  • For courses conducted in Singapore and selected overseas universities
  • Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees

Choose from the following repayment schemes that suits you

Interest Servicing Scheme

Pay only interest for the loan disbursed till the end of your course or up to 3 years. Monthly instalments will commence afterwards.

Partial Repayment Scheme

Pay only partial instalments for the loan disbursed till the end of your course or up to 3 years. Monthly instalments will commence afterwards.

Standard Repayment Scheme

Pay your monthly instalments (principal and interest) once your loan is disbursed.

Call us now at 1800-MAYBANK (1800-629 2265) or visit our branch to find out more!

Who can apply

Main Applicant (student),

  • 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 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 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

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

Special Conditions for Maybank Education Loans and Terms and Conditions (PDF) may be obtained from any of our 22 Branches.

Questions? Our FAQ may help.