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Get the Best Education Loan Offer in Singapore 2023!

Compare education loan & get low loan interest rates.

10000 education loan

Paid over 3 Years

All Providers

Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.

How to Apply Today?

Let’s face it – education loans aren’t easy. Getting your head around interest rate, processing fee, flexible repayment packages, and which deal looks best is hard work if you don’t really know what you’re doing. That’s where we come in.

Whether you’re looking for a study loan for 3 years or 10 years, a low fee loan, or the deal with the best interest rate, Loan Advisor is here to help. Just follow these 3 steps:

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Step 1:
Submit a Education Loan Enquiry Form to Loan Advisor

Simply share your expectations of the loan amount, tenor, and interest rates in a simple form, click submit then sit back and relax.

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Step 2:
Receive and compare up to three loan offers

Within five minutes or less, we’ll scan suitable loan offers and amounts from more than 150 loan providers in Singapore and send you the three best quotes.

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Step 3:
Drop by to your prefer loan providers office to sign the paperwork

Select your perfect match and arrange a quick slot with the lender to finalize and sign any necessary legal documents.

Education Loan Key Features

Everyone deserves a good education, but sometimes that means finding a loan with attractive interest and a workable repayment period to kickstart your path to success. Singapore study loans come in lots of shapes and sizes, but here’s a few key features to look out for:

  • Low-interest rates

All student loans require you to pay interests but selecting a loan with lower interest will help you save money in the longer-term.

  • Flexible payment periods

Whether you have a lower monthly income and need a longer loan tenure, or you’re looking to pay off your education loan quickly, we’ll find a loan tenure that suits you.

  • Tuition fee subsidies

Some education loans offer 20 to 25% tuition subsidies, while others offer students with approved study loans annual stipends of S$3,600 or more. Think carefully about what you need.

  • The right loanable amount

Singaporean university fees range from S$ 8,000 per year. However, your annual income and monthly income may dictate the total amount you can actually borrow under rights reserved by the banks. It always pays to shop around when it comes to education loans.

  • Low processing fees

On top of interest rates, it’s not uncommon for banks to charge a processing fee. Look for the lowest fee loans, or consider whether a small, one-off fee might be worth it if there’s a tailored deal up for grabs.

Simple, straightforward and hassle-free

So, what are you waiting for? Try out Loan Advisor today and get your education loan quotes within minutes.

How to Choose the Best Study Loan for You

With so many great banks on the market, shopping around for the best education loan can seem daunting. Fortunately, our education loan comparison service makes the whole process hassle-free.

When hunting for the best low-interest education loan to suit you, just ask yourself the following questions:

    • What education loan interest rate can I afford?
    • What repayment period works for me?
    • Do I need a tuition fee subsidy or stipend?
    • What amount can I realistically borrow?
    • What processing fees do I want to pay?

The Biggest Benefits of Using Loan Advisor

Loan Advisor takes the pain out of shopping around for the best loans with low rates, fees, and flexible tenors. With our three-step search and application process you can:

Receive loan approval within five minutes or less

We help you to bypass lengthy bank checks by bringing you amazing deals from licensed money lenders with faster approval processes.

Save valuable time online

Our service will only ever connect you with trusted loans from respected money lenders that are fully licensed by the Ministry of Law. We search and compare deals from more than 150 tried and tested lenders.

Secure a deal with a top licensed money lender

Our service will only ever connect you with trusted loans from respected money lenders that are fully licensed by the Ministry of Law. We search and compare deals from more than 150 tried and tested lenders.

Avoid the hassle of loan applications

Let’s face it, looking for loans during periods of financial difficulty is stressful and filling in endless applications is annoying. Just tell Loan Advisor what amount you need, and we’ll send you three suitable, no-obligation quotes.

Why Choose Loan Advisor?

Loan Advisor is a completely free loan comparison and matchmaking service with an unrivaled reputation across Singapore. We empower busy borrowers to make better financial decisions quickly and efficiently. We do this by matching our customers to the best low-interest loans that meet their unique borrowing needs.

We firmly believe that taking out a loan should be as fast and straightforward as can be, which is why we compare loan quotes from not one, two, or three but 150+ licensed money lenders in Singapore to find the perfect loan to suit you.

Our reputation is second to none, with several five-star Google reviews from happy customers – and even more great reviews on our website. We’re the most trusted loan comparison site in Singapore.

Here at Loan Advisor, we have the knowledge, experience, and connections to put you in touch with the best loans Singapore has available. What’s more, we’ll handle your personal data with strict confidentiality and won’t charge you a cent for using our award-winning loan matchmaking service! So, what are you waiting for?

Find Your Perfect Education Loan Right Now

Great loan deals don’t last forever and aren’t always easy to find on your own – especially if you’re looking for the best interest rates. Why waste time scouring the web for suitable loans when Loan Advisor can compare the most solid education loans Singapore has to offer in the blink of an eye?

Education Loan FAQ

If you still have questions about education loans, Loan Advisor has the answers. Check out our helpful FAQs below.

A student loan or education loan is a loan taken out to cover the cost of post-secondary education, including tuition fees, accommodation, and textbooks, or other essential study items. The interest rate will differ between providers.

The total cost of studying at university will always vary under rights reserved by the university or college of your choice. Highly specialized courses, such as medicine, for example, could cost anywhere up to $30,000, while more generalized courses may incur lower fees. Similarly, interest rate on education loans will also vary.

If you want to apply for a low interest rate education loan in Singapore, you must be:

    • 17 to 65 years old
    • A Singaporean citizen or permanent resident
    • Earning a minimum annual income of S$ 18,000.

If you are not earning a monthly income, you can still apply for a low interest rate education loan using a guarantor.

Either a parent or sponsor can apply on your behalf, or you can file a joint application in collaboration with them. Under all circumstances, your guarantor must have a minimum annual income of S$24,000.

When applying for a low interest rate education loan, you must present:

    • An acceptance letter from a Singaporean university
    • Invoice of payment of the course fee
    • Proof of residential address in Singapore
    • Latest 12 months’ CPF contribution history statement
    • Latest computerised payslip
    • Bank Statement – proof of salary credit into respective bank account
      2 years’ Income Tax Notices of
    • Assessment (if you are self-employed)
    • Your NRIC

If you are using a guarantor, both of you must also present the following:

    • NRIC
    • Proof of relationship – birth or marriage certificate

Additional fees are usually separate from the interests. In most cases, processing fees will range from 2 to 3%, late payment fees will be capped at S$80 and early repayment fees will be 1% of the loan amount. This may vary under rights reserved by individual banks.

There are a number of ways you can finance post-secondary education in Singapore. These include:

Some of these means may not be applicable to you or might not suit your circumstances. If you’re looking for a low interest education or student loan, compare the best deals with Loan Advisor today.

In most cases, you will begin paying off your education loan after you graduate – meaning that you will not incur any interest while you are a student. Once you have graduated, however, it is advisable to pay off your education loan quickly to minimize loan interest.

If you are applying through a bank, it can take up to a week to process your application.

We recommend using our loan comparison service and thinking carefully about what loan amount, interest, processing fees, and early repayment fees you are happy with before choosing the best education loan deal.

Yes, you can apply for an education loan as soon as you have your university acceptance letter and all other necessary documents required for low interest education loan applications.

This will depend on your preferred bank. Compare quotes with Loan Advisor to find education loans with attractive interest that meet your requirements.

Average education loan interest tends to hover around 4 to 6% but it’s not uncommon for bank to offer special discounts from time to time. It always pays to get an up to date education loan quote, as rates can change daily.

Get the best interest by doing a comparison search with Loan Advisor today.

The best education and education loan deals available today might not be the same tomorrow, due to the pace at which the loan market changes. Get up to date education loan quotes from top banks in Singapore with Loan Advisor now. This way, you can secure the best interest rate today

Here at Loan Advisor, we offer a streamlined and straightforward education loan comparison service for students who want to find the best education loans Singapore has to offer with minimum hassle.

Simply fill in a quick form detailing your requirements today and we’ll send you information and quotes on the 3 best low interest rate education loans that suit your needs. Find the best study loan Singapore today!

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