Get a loan quantum up to 6 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
- Interest Servicing scheme and Partial Repayment scheme available
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
- Loan amount of up to 6 times of your monthly income
- For courses conducted in Singapore (part-time or full-time basis)
- Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees
Interest rate
- Please call 1800-MAYBANK () or visit our branch to find out more!
Choose between 3 repayment schemes
Option A – Interest Servicing scheme followed by Standard Repayment scheme
Loan Amount : S$10,000
Total Loan Tenure : 6 years
| Loan Scheme | Loan Tenure | Interest Rates | Monthly Instalment |
| Interest Servicing | 2 years | 4.98% p.a. | S$42 |
| Standard Repayment | 4 years | 4.78% p.a. | S$230 |
Option B – Partial Repayment followed by Standard Repayment
Loan Amount : S$10,000
Total Loan Tenure : 6 years
| Loan Scheme | Loan Tenure | Interest Rates | Monthly Instalment |
| Partial Repayment | 2 years | 4.88% p.a. | S$126 |
| Standard Repayment | 4 years | 4.78% p.a. | S$180 |
Option C – Standard Repayment scheme only
Loan Amount : S$10,000
Total Loan Tenure : 4 years
| Loan Scheme | Loan Tenure | Interest Rates | Monthly Instalment |
| Standard Repayment | 4 years | 4.78% p.a. | S$230 |
Who can apply
Main Applicant (student),
- Singapore Citizen, Singapore Permanent Resident
- Minimum 18 years of age; maximum 65 years of age upon loan maturity
- For ages below 18 years, an immediate family member of the student will apply as the Main Applicant
- Minimum income of S$18,000 p.a. (for part-time studies only)
- Pursuing a course conducted in Singapore (part-time or full-time basis)
Guarantor must be
- Singapore Citizen, 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)
- Latest computerised payslip, or
- Latest Income Tax Notice of Assessment, or
- Past 6 months' CPF Statement of Account
For salaried applicants- Last 2 years' Income Tax Notice of Assessment
For self-employed/ commission-based earners - 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.
Source: Maybank
