Back

Loans

Achieve your ambitions, apply easily with Singpass
Processing fee from 1.50%

Maybank Education Loan #ForYou

Online loan application with Singpass NEW!


Promotion

Maybank Education Loan #ForYou


  • 1.50% processing fee¹
  • Attractive interest rates from 5.20% p.a. (Education Loan Board Rate plus 0.45% p.a.)²

¹This promotion is valid from 1 April 2023 to 30 June 2023. Your Education Loan application must be approved by 30 June 2023 with a minimum loan quantum of S$15,000 and minimum loan tenure of 3 years. Maybank may change these terms or suspend or terminate the promotion without giving any notice. The Education Loan processing fee is currently at 2.25% of approved loan amount or minimum S$300; whichever is higher.

²Rates quoted are indicative and will be confirmed when your loan application is approved and upon issuance of Letter of Offer. Else, other interest rates shall apply. Maybank may change the terms or suspend or terminate the promotion without giving any notice. The Education Loan Board Rate is currently at 4.75% p.a..

Benefits


  • Enjoy attractive interest rates.
  • Apply for loan amount of up to 8X your monthly income or S$200,000 (whichever is lower).
  • Repayment period of up to 10 years.
  • Available for both local and overseas studies.
  • Additional financing for education-related expenses (such as accommodation fees, computer equipment, books).
  • Choose from various flexible education loan repayment plans to suit your financial needs.

Eligibility


  • Singaporean and Permanent Residents
  • Applicant (student) : 18-65 years old
  • Guarantor (if required) : 21-65 years old
  • Applicant (student-local full-time studies) : minimum S$18,000 annual income
  • Applicant (student-local part-time studies) : minimum S$30,000 annual income
  • Guarantor (if required) : Minimum S$30,000 annual income

How to apply


Rates / Fees & Charges