CIMB

CIMB Education Loan

0 0 reviews

CIMB Education Loan

4.78%

Interest Rate

S$ 200

Processing Fee

S$ 299

Monthly Repayment

S$ 10,000

Loan Amount

3 Years

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

  • 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
  • Singapore
  • Overseas
Citizenship StatusSingaporean / PR
Age Requirement16 – 50 years old
Employment StatusSalaried Employee, Variable/Commission-based
Employees or Self Employed
Minimum Annual IncomeS$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
Processing Fee2% of the approved loan amount
Cancellation Fee1% of undisbursed loan amount
Late Payment FeeS$50
Prepayment Fee1% of amount prepaid
Cashier’s Order Cancellation / Amendment FeeS$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.

Customer Top Reviews

Create your own review
Average rating: 0 0 reviews
  • 5
    0
  • 4
    0
  • 3
    0
  • 2
    0
  • 1
    0