Maybank Education Loans
Fast track your career with a Singapore or overseas education. Further your studies with an education loan of up to 8X your monthly income at an attractive low interest rate.
With our overseas study loan, you now have the freedom to pursue an education abroad. Apply for an education loan online at your convenience with our various repayment options as well as our competitive education loan rates.
Maybank Education Loan Promotional Package
when you apply for a Maybank Education Loan now.
Plus: apply online and be rewarded with S$100 voucher.
Maybank Online Local Education Loan (LEL) S$100 Rewards Campaign
Apply for an Education Loan online to finance your local studies and receive S$100 shopping voucher2 per successful application.
1This promotion is valid till 31 December 2019. Your application must be approved by 31 December 2019. Maybank may change these terms or suspend or terminate the promotion without giving any notice. The Education Loan Board Rate is currently at 4.00% p.a.
2 Campaign Period from 1 July 2019 to 31 October 2019 or whilst stock last, whichever is earlier. To be eligible to receive S$100 worth of shopping voucher under the Campaign, applicant must, during the Campaign Period, successfully apply for an Education Loan via the online loan application platform on Maybank's website with a minimum loan quantum of S$15,000 and a minimum loan tenure of 3 years ("Loan"). For avoidance of doubt, the Loan must be applied for, approved and accepted by 31 October 2019. Applicable to local studies only. Campaign is not in valid in conjunction with other promotions/campaign. Terms and Conditions apply.
|Flexible repayment tenure of up to 10 years. |
Flexible repayment loan tenure of up to 8 years is applicable for local study.
|Loan amount of up to 8X your monthly income or S$200,000, whichever is lower||Attractive interest rates from 4.45% p.a. monthly rest (Education Loan Board Rate plus 0.45% p.a.). |
Education Loan Board Rate is currently at 4% p.a.. A 1.50% processing fee applies. Terms and Conditions apply.
|Wide range of local and overseas accepted institutions||Choice of repayment schemes available to suit your needs||Additional financing is also available for education-related expenses, such as accommodation fees, purchase of textbooks and computing equipment cost|
3 choices of monthly repayment schemes:
- Standard repayment
- Interest servicing followed by standard repayment
- Partial followed by standard repayment
- Singaporean and Permanent Residents
- Applicant (student) : 18-55 years old
- Guarantor (if required) : 21-55 years old
- Applicant (student-local part-time studies) : minimum S$18,000 annual income
- Guarantor (if required) : Minimum S$30,000 annual income
Ways to Apply
Click here to apply online now!
SMS: STU <Name> <Contact No.> to 79898.
We will contact you shortly.
Apply at any of our 22 Maybank Branches.
Prepare your acceptance letter from school
Apply for an Education Loan with the following documents:
Loan approval and disbursement
Illustration For Monthly Education Loan Instalment
Loan Amount: S$20,000
Interest Rate: 4.45% p.a. (monthly rest)
Estimated Monthly Instalment (S$)2
Important points to note:
The above monthly instalment calculations are for illustration purposes only and does not constitute a loan offer. A 2% processing fee on approved loan amount will be net-off from the disbursed loan amount.
1 Terms and Conditions apply.
2 The figures are computed based on the interest rate quoted above and are subject to change.
For changes to the details of your loan account or loan servicing account, please download the Loan Service Request Form.
To request for disbursement of your loan, please download the Loan Disbursement Form.
Terms and Conditions
- Special Conditions for Maybank Education Loans (PDF)
- Terms and Conditions for Banking Facilities (PDF)