Promotional Interest Rates for Preferred Institutions

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 Tenure Interest Rate(p.a.)1 Instalment 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. BCA Academy
    2. Nanyang Polytechnic
    3. Nanyang Technological University
    4. National Institute of Education
    5. National University of Singapore
    6. Ngee Ann Polytechnic
    7. Republic Polytechnic
    8. Singapore Institute of Technology
    9. Singapore Management University
    10. Singapore Polytechnic
    11. Singapore University of Social Sciences
    12. Singapore University of Technology & Design
    13. Temasek Polytechnic

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

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

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