Option A – Standard Repayment.
Your monthly installment for the next 36 months will be S$359 upon loan disbursement.

Option B – Graduated Repayment
During your study period of 2 years, your monthly interest payment will be S$49 upon loan disbursement.  Your monthly installment of S$359 will commence upon completion of your study for the next 36 months.

Option C – Deferred Repayment (for full time local study only)
During your study period of 2 years, no payment will be required upon loan disbursement.  Your monthly installment of S$396 will commence upon completion of your study for the next 36 months.

 Effective Interest Rates
 The Effective Interest Rates# for the different repayment schemes, based on the Applied Interest Rate of  4.88% p.a. for Overseas Studies, are as follows:

Tenure	Standard	Graduated^		Deferred^
		During Study Period	After Study Period	During Study Period	After Study Period
1 year	8.50%	5.55%	6.09%	0.46%	5.98%
2 years	6.73%	5.38%	5.81%	0.45%	5.72%
3 years	6.11%	5.28%	5.62%	0.44%	5.55%
4 years	5.80%	5.21%	5.49%	0.43%	5.44%
5 years	5.60%	5.17%	5.40%	0.43%	5.35%
6 years	5.48%	5.13%	5.33%	0.43%	5.29%
7 years	5.39%	5.10%	5.27%	0.42%	5.24%
8 years	5.32%	5.08%	5.23%	0.42%	5.20%
9 years	5.26%	5.06%	5.19%	0.42%	5.16%
10 years	5.22%	5.05%	5.16%	0.42%	5.14%

# Effective Interest Rates are calculated on a monthly rest method, and includes an upfront processing fee of 2% of the approved loan amount.

^ A 24 months study period is assumed in the calculation of the Effective Interest Rates for the Graduated and Deferred repayment schemes.

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:
          •   Salaried Person: 
              1)    Latest original payslip AND 
              2)    Latest Income Tax Notice of Assessment OR CPF statement for past 6 months
          •   Self-Employed:
               Income Tax Notices of Assessment for past 2 years
• Original or certified true copy of Letter of Acceptance from Education Institution stating type and   duration    of course
• Invoice or course fee payment schedule

Important Information
Fees and Charges
Processing Fee	2% of the approved loan amount
Disbursement Fee	Free cashiers’ orders for disbursement to local education institutions   Various charges will be levied for demand drafts / telegraphic transfers to   Foreign education institutions
Late Payment Fee	5% above Prime Lending Rate (currently at 5.70%) on any overdue instalment
Cancellation Fee	1% on the loan amount cancelled
Full Repayment Fee	1% on the outstanding loan amount
Partial Prepayment Fee	1% on the prepaid amount

For more information, call 1800 323 0100 or 9821 0100, email us or visit our branches.