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 |
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