POSB Further Study Assist Exclusive Promotion

Preferred insitutions get promotional interest rate of 4.6%p.a

Study Assist

Taking up an education loan is now more affordable when you apply with our preferred institutions.

  • Lower interest rates of 4.6% p.a. with 2% processing fee if you are studying with our preferred institutions.
  • Repayment flexibility with up to 10 years loan tenure to suit your financial ability.
  • Loan up to 10x your combined monthly income capped at your unpaid course fees or $80,000, whichever is lower (minimum loan amount S$2,000).

Interest rate table for preferred institutions

The below illustration is for lump sum disbursement with fixed monthly repayment spread over 1 to 10 years loan tenure.

Promotion for Preferred Institutions

Approved Loan Amount

S$5,000

S$10,000

S$30,000

Less Processing Fee

2% 3%

Disbursed Loan Amount
(Lump sum disbursement)

S$4,900

S$9,800

S$29,400

Loan TenureInterest Rate(p.a.)1Instalment Amount Per Month

1-year

4.60% 5.88%

S$428

S$855

S$2,563

3-year

4.60% 5.88%

S$149

S$298

S$894

5-year

4.60% 5.88%

S$94

S$187

S$561

8-year

4.60% 5.88%

S$63

S$125

S$375

10-year

4.60% 5.88%

S$53

S$105

S$313

Eligible Loan Amount

Up to 10x combined monthly income

Note: Above calculations are for illustration purpose only and should not be taken to be the actual amounts payable.
For progressive disbursements, the monthly instalment amount will increase with each subsequent disbursement. The revised monthly instalment amount will be calculated based on outstanding loan balance and remaining tenure.
1 Interest is calculated on a monthly reducing rest basis.

How to Apply

List of Preferred Institutions eligible for this promotion

  • Local Universities/Institutions
    1. Nanyang Technological University
    2. National Institute of Education
    3. National University of Singapore
    4. Singapore Institute of Technology
    5. Singapore Management University
    6. Singapore University of Technology & Design
    7. Nanyang Polytechnic
    8. Ngee Ann Polytechnic
    9. Republic Polytechnic
    10. Singapore Polytechnic
    11. Temasek Polytechnic
    12. Singapore University of Social Science

 

  • Private Education Institutions
    1. Asian International College
    2. Auston Institution of Management
    3. BCA Academy
    4. Curtin Education Centre
    5. ERC Institute
    6. Informatics Academy
    7. James Cook University
    8. Kaplan Higher Education Academy
    9. Kaplan Higher Education Institute
    10. Kaplan Learning Institute
    11. KLC International Institute
    12. Lasalle College of the Arts
    13. Management Development Institute of Singapore
    14. Nanyang Academy of Fine Arts
    15. Nanyang Institute of Management
    16. PSB Academy
    17. Singapore Institute of Management
    18. TMC Academy

Note: For all other partner institutions not in above list, interest rate of 5.88% p.a. with 3% processing fee will apply.

How would you rate this page?

Thank you! We appreciate your feedback.

Any further suggestions?

500

What issues did you face today?

Any further suggestions?

500
I agree to Terms & Conditions