OCBC Frank Education Loan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
For students studying at a local private or overseas institution, get your OCBC Frank Education Loan online. It offers a low-interest rate of just 4.5% per annum (EIR is 5.17% per annum) and allows you to loan up to 10x your monthly income or S$150,000, whichever is lower. This package guarantees quick approval and a range of flexible repayment options.
ALL DETAILS
Key Features
- Borrow up to 10x of your monthly salary, up to $150,000
- Loan tenure of up to 8 years
- Flexible repayment option
- Low-interest rate: 4.5%
- Minimum loan amount: S$1000
Study Location
- Singapore
- Overseas
Eligibility
Citizenship Status | Singaporean / PR |
Age Requirement (applicant) | 21 years old and above |
Employment Status | Salaried Employee, Variable/Commission-based Employees or Self Employed |
Minimum Annual Income | S$24,000 and above (individual or with the joint applicant) |
Guarantor Required | if the applicant is not working or loan amount cannot be supported by applicant’s income |
Age Requirement (guarantor) | 21 – 60 years old |
Other Fees and Charges
Disbursement Fee | $20 per cashier’s order or demand draft issue |
Processing Fee | 2.5% of approved loan (min $100) |
Late Payment Fee | S$50 |
Partial Repayment Penalty | 1% of amount prepaid |
Full Repayment Penalty | 1% of amount prepaid |
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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