About Scholarship
Loan up to 10 times of your monthly income (capped at S$150,000) to be repaid over 8 years. Interest rate at 4.5% p.a. with a 2.5% processing fee (EIR is 5.17% p.a*.) with up to 3 flexible repayment options. Only for Singaporeans and Singapore PR.
Our three flexible repayment options are:
- Standard – pay monthly instalments (principal & interest) once loan is disbursed. Effective Interest Rate: 5.17% per year
- Graduated payment options – pay only interest while studying, start paying principal + interest after graduation. Effective Interest Rate: 5.06% per year
- Graduated plus plan – pay only interest while studying + 1 year after graduation, pay principal + interest from third year onwards. Effective Interest Rate: 5.01% per year
Note: For Graduated and Graduated Plus, the loan tenure includes the period of study.
*Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. The EIR comprises of 4.5%p.a. which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan.
To find out more and apply for our loans contact:
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Janelle Wong at Mobile: +65 8699 7733 or email to [email protected]
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Cathy Ong at Mobile: +65 9437 1992 or email to [email protected]
