Singapore Loan Rates: POSB Study Loan
SIM and SMU students get to enjoy exclusive rates with POSB Study Loan called the POSB Further Study Assist.
Up to 6 times your monthly income for POSB Study Loan
Get an education loan of up to 6 times your monthly income or your unpaid course fees, capped at S$80,000, whichever is lower (minimum loan amount is S$2,000).
Peace of mind to use POSB Study Loan
Have a peace of mind when you know that your interest rate will be locked in at point of approval.
Future fluctuation of POSB Study Loan rates will not affect your loan.
Applicable to all schools in our List of Partner’s Institution.
Better control of your finances
Spread your POSB Study loan over fixed monthly instalments with your choice of loan tenure between 1 to 5 years. The monthly POSB Study Loan instalment remains the same whether you request for a lump sum or a progressive disbursement. This way, you do not have to worry about increasing instalments when you ask for further disbursements.
Your monthly POSB Study Loan repayment is deducted automatically from your designated DBS / POSB account.
No prepayment penalty
There is no prepayment fee charged if you decide to pay off the POSB Study Loan earlier.
What's more, you have a choice to pay off your POSB Study Loan sooner and save on interest!
POSB Study Loan Rates:
SIM & SMU students get to enjoy an exclusive POSB Study Loan rate of 5.25% p.a.
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