Benefits

• Low interest rates of 4.78% p.a. for Local Studies and 4.88% p.a. for Overseas Studies
• High loan amount of up to 6 times your monthly income or S$100,000, whichever is lower
• Easy repayment period of up to 10 years
• Free personal accident insurance coverage of up to 10 years

Repayment Options

3 flexible repayment options for you to choose:

1) Standard Repayment – basic scheme where you pay your monthly installments (principal and interest) once your loan is disbursed.

2) Graduated Repayment – pay only interest for the loan disbursed until completion of your study, monthly installments will commence thereafter.

3) Deferred Repayment (for full time local study only) – pay your monthly installments only after completion of your study, no payment is required during your study period.

Eligibility

• Singapore Citizen or Singapore Permanent Resident
• Age between 21 and 62 (as at end of loan tenure)
• Earning a minimum annual income of S$12,000 or S$30,000 (for guarantor)
• Earning a minimum income of S$20,000 for study loan and S$36,000 for preferred credit

Documents Required

• Photocopy of NRIC (both sides) of all applicants/guarantor
• Proof of Income
• Original or certified true copy of Letter of Acceptance from Education Institution stating type and duration of course
• Invoice or course fee payment schedule

Benefits

• Up to 90% of subsidized tuition fee payable by Singaporeans. Loan will not cover hostel fees, purchase of computer and personal allowance.
• Choice to repay in one lump sum or in equal monthly instalments of at least S$100 over a maximum period of 20 years from graduation.
• No prepayment fee

Eligibility

• Undergraduates or selected courses for Postgraduates of NTU and NUS.
• Open to Singapore Citizens, Permanent Residents and Foreigners.
• No age restrictions
• A guarantor between 21 and 60 years old to be furnished.

Fees & Charges

• Loan is interest-free during the course of study.
• Loan Interest will commence immediately upon graduation.
• Loan Interest is based on the average Prime Lending Rate of the three local banks.
• Penalty Interest of 1% per month on the instalment amount will be levied if the instalment repayment is not promptly made.
• Additional interest of 1% per month on the loan outstanding will be levied if an instalment repayment plan of a minimum S$100 is not commenced within 2 years from interest commencement date.

Income Tax benefits: Under section 80(e) of the Indian Income tax act, a person can exempt the amount paid against the interest of the education loan – either for self or for his/her spouse or children – for eight years from the year (s)he starts to repay the loan or for the duration the loan is in effect, whichever is lesser.

As there are several study loan lenders in pakistan it had became very hard for the pakistani students in choosing the right bank for getting the loan, To help the pakistani students in selecting the right bank we have listed the list of top 5 banks in pakistan below.

1. National Bank of Pakistan
2. Habib Bank Limited
3. Muslim Commercial Bank
4. United BANK
5. Meezan Bank

All these banks are providing study loans for the students in pakistan very quickly at attractive interest rates with very less documentation in a simple, easy and also hassle free process.

Andhra Bank was established by the eminent freedom fighter and a multifaceted genius, Dr.Bhogaraju Pattabhi Sitaramayya on 20th November 1923. Andhra Bank offers education loans to the students who are willing to pursue their higher education in india and abroad.

Andhra Bank educational loans provides financial assistance to the students to complete graduation, post graduation and pilot training programs certified by competent authority of a particular nation. Andhra Bank also provides loans to students willing to join the programs offered by CPA in USA and CIMA-London.

Students who are having a minimum of 18 years age and having indian citizenship are eligible to apply educational loan from Andhra bank. Students need to take admission to relevant technical or professional courses through entrance examination or a merit based selection process to get the educational loan approved from Andhra bank officers.

Andhra Bank student loan also covers the various educational expenses of the students which include travel expenses, cost of books and other necessary articles, refundable deposit, caution money, building fund and also issues DD in favor of CET cell.

The maximum amount of loan granted by Andhra Bank for education in India, is Rs.10 lacs and Rs.20 lacs for study in abroad. You can repay the Andhra bank educational loan amount in seven years.