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We have special arrangement with three main local banks and NTUC:
Note: 30% of our students obtained 100% bank loan and repay in 2 years.
1) RHB Bank ( please contact Mr William Koh, Branch Manager, 96606312 or 67478966 or Kelvin Chen of 81122252 or the hotline at 1800-3230100;
Rate: 4.88%, minimum annual salary: $12,000.
Handling charge: 2% of Loan amount
Note: For $12,000 loan; The monthly installment for 36 months will be $359.
Click Here Download Application Form
Flexible repayment options-Illustration
2) Citibank (please contact Mr Roy Chew, Education Loan Specialist, H.P-97491445 or Direct line-63282553)
The main features of our education loan:
1. Competitive rate of 4.99% effective interest rate per annum
2. Standard or Deferred Repayment Plan
3. Loan up to 6 times of your monthly gross income
4. An additional of 3 joint applicants to finance a higher quantum
5. Maximum loan repayment periods of up to 5 years
Please click for the brochure and application form.
3) POSB (Please contact 6333 0033)
Rate:5.88%, minimum annual salary: $12,000
Handling charge: 3 %. - Key Features of POSB
Click Here Download Application Form
4) NTUC Education Loan from the Credit Departmenthttp://www.ntucthrift.com.sg/
tel: 62380550
Criteria of the NTUC loan:
i) Target at any working gainable individual, who has aspiration to pursuefurther study in Certificate, Diploma, Advanced Diploma, Bachelor or Masters.
ii) Min individual income is $24,000 or a guarantor with salary of min $24,000Terms and Conditions:i) Max loan amount is 8 x salary or 90% of course or 4 x salary of guarantorwith salary of >$24,000
ii) Loan Max amount is $30,000
iii) Repayment period is min 1 year and Max 5 years
iv) Current Prime rate is 5%, Interest Rate is Prime + 0.5% = 5.5%
Your loan will only be approved upon the offer letter issued by the University, however, you may first call them to discuss your situation (your earning, credit, commitment, repayment period etc) so that you will gauge your application eligibility and prepare all the necessary documents required by the bank. A letter indicating you are applying for the course can be issued by us to assist your application.
5) OCBC Education Loan: Tel: 1800-4383333
6) TCC Local Education Loan: tel: 63193700
4.5% flat rate.
7)May Bank Education Loan: 1800-629 2265 OR 6533 5229 , Kelvin Koh 98376258
8) Eligible Muslim students may approach Mendaki for interest free study loan.
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