Maybank Education Loan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
Whether you want to study locally or abroad, Maybank Education Loan offers a range of flexible plans. With their current promotion of 4.45% p.a. interest rate, it is the cheapest option for most students. Best of all, it offers loans up to $200,000 and offers loans to part-time students as well.
*Promotion is valid till June 30, 2021. Your application must be approved by June 30, 2021.
ALL DETAILS
Key Features
- Attractive education loan rates from 4.45% p.a.
- Apply for a loan amount up to 8x your monthly income or $200,000, whichever is lower
- Loan tenure of up to 10 years
- Additional financing for education-related expenses
- Flexible loan repayment schemes
Study Location
- Singapore
- Overseas
Eligibility
| Citizenship Status | Singaporean / PR |
| Age Requirement | 18 – 65 years old |
| Employment Status | Salaried Employee, Variable/Commission-based Employees or Self Employed |
| Minimum Annual Income | S$18,000 (for local part-time studies only) |
| Age Requirement (guarantor) | 21 – 65 years old |
| Minimum Annual Income (guarantor) | S$30,000 |
Other Fees and Charges
| Disbursement Fee | S$100 |
| Processing Fee | S$100 |
| Late Payment Fee | S$50 |
| Partial Repayment Penalty | S$150 |
| Full Repayment Penalty | $150 or 3% of the outstanding principal, whichever is higher |
| Extra | extra |
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