Align your dreams and ambitions away from financial worries. With RHB Edu Loan, your dreams can now be rotated in your favour. No matter how you turn, you can enjoy affordable financing package for higher learning. Achieve your dreams and ambitions with RHB Edu Loan.

What is a RHB Edu Loan?

It is a flexible and affordable education loan that allows you to pursue your local or overseas studies.

What are the Highlights of the RHB Edu Loan?

• Affordable interest rates at 5.58% per annum¹.
• High loan amount of up to 8 times your monthly income.
• Flexible repayment schemes with options form low monthly installments to no installment during study period.
• Easy repayment period of up to 10 years.
• Discounts on foreign exchanges rates and remittances.
• Free personal accident insurance coverage of up to 10 years.

 What are the Repayment Options?

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

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

• 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.

Illustration on Flexible Repayment Options?

Below are estimated illustrations of the repayment options you can choose from your RHB Edu Loan. This illustration assumes you have chosen to disburse the total loan amount upfront and the interest rate remains unchanged during your loan tenure.

Total Loan amount        S$12,000

Interest rate                     5.58% p.a.¹

Loan tenure                       36 months

Processing fee*                S$50

Disbursement fee**       S$0

*Processing fee is S$50 for up to 2 loan applicants.

**No disbursement fee. Usual charges of issuing Cashier's Order (S$8 each) or Demand Draft (S$12 based on S$12,000 amount) apply. These charges are based on RHB Customer Priviledge discounts.

Option A - Standard Repayment
Your monthly installment for the next 36 months will be S$362.78 upon loan disbursement.

Option B - Graduated Repayment
During your study period of 2 years, your monthly interest payment will be S$55.80 upon loan disbursement. Your monthly installment of S$362.78 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$405.51 will commence upon completion of your study for the next 36 months.

Documents Required

• A photocopy of applicant’s NRIC (front and back).

• Original or Certified True Copy of Letter of Acceptance from education institution stating type and duration of course.

• Schedule of payment for course fees or bill of course.

• Income documents:

  • For salaried person: latest computerized pay slip and latest Income Tax Notice of Assessment or CPF statement for the past 6 months.

  • For self-employed: past 2 years Income Tax Notice of Assessment.

For More Information

• Call our Hotline at 1800 323 0100.

• Application Form.

¹Based on RHB Prime Rate minus 0.12%p.a. Prime Rate at time of print is 5.70%p.a. Minimun annual income is S$12,000 for RHB Edu Loan.Other terms & conditions apply.