Singapore Education Loan Calculator

Singapore Education Loan Information

Education loans help students finance their higher education in Singapore and overseas. Various banks and financial institutions offer competitive education loan packages.

Local Universities

NUS/NTU/SMU: $30,000-50,000/year

Private Universities: $40,000-80,000/year

Lower interest rates for local studies

Overseas Studies

UK/USA: $60,000-120,000/year

Australia/Canada: $50,000-80,000/year

Higher loan amounts available

Professional Courses

Medicine: $100,000-300,000 total

Law/MBA: $80,000-200,000 total

Specialized loan packages

Government Schemes

Study Loans: Up to $150,000

Tuition Fee Loans: Cover full fees

Subsidized interest rates

Education Loan Features

Loan Amount: Up to 100% of education costs
Interest Rates: 4-8% p.a. for local, 6-12% for overseas
Repayment: Starts after course completion or job placement
Moratorium: Grace period of 6 months to 2 years
Collateral: May require for higher amounts

Eligibility Criteria

Age: 18-35 years (varies by lender)
Citizenship: Singapore citizen or PR
Course: Recognized university/institution
Academic Record: Good academic performance
Co-applicant: Parent/guardian as guarantor

Tips for Education Loans

Compare interest rates from multiple lenders
Consider government schemes and subsidies
Plan for living expenses and miscellaneous costs
Explore scholarship and grant opportunities
Understand repayment terms and conditions

Calculate Education Loan

Education Loan Results