CIMB Education Loan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
Get your CIMB Education Loan online and cover your education expenses with interest rates from 4.78%1 p.a. (EIR 5.22% p.a.), low processing fees, and an Interest Servicing repayment scheme that allows borrowers to repay only the interest during the course of the study (up to 4 years), and the principal and interest of the loan afterward.
ALL DETAILS
Key Features
- Attractive interest rates
- With CIMB’s Interest Servicing repayment scheme, you only need to pay for the interest on your loan during the course of your study.
- No hidden fees and charges (One of the lowest processing fees in the market at only 2%)
- Flexible loan tenures: between 1 to 10 years
- High financing limits
- Flexible Loan Principal: S$1,000 – S$200,000 or 8 times monthly income
Study Location
- Singapore
- Overseas
Eligibility
Citizenship Status | Singaporean / PR |
Age Requirement | 16 – 50 years old |
Employment Status | Salaried Employee, Variable/Commission-based Employees or Self Employed |
Minimum Annual Income | S$24,000 (for Principal Applicant) |
Guarantor Requirement
- If the applicant is below 21 years old
- If the applicant does not qualify the minimum income criteria of S$2,000 per month
- If the loan requested is more than 8x of the applicant’s monthly income
- If the applicant is taking up the Interest Servicing scheme
- If the applicant is about to pursue full-time studies
Other Fees and Charges
Processing Fee | 2% of the approved loan amount |
Cancellation Fee | 1% of undisbursed loan amount |
Late Payment Fee | S$50 |
Prepayment Fee | 1% of amount prepaid |
Cashier’s Order Cancellation / Amendment Fee | S$20 each |
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.
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