RHB

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Education Loan Fulfilling your education dreams.

BENEFITS
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Low Interest Rates

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High Loan Amount

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Long Repayment Period

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Flexible Repayment
Schemes

BEFORE YOU APPLY
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 for foreign education institutions
Late Payment Fee 5% above Prime Lending Rate (currently at 5.70%) on any overdue instalment
Cancellation Fee 1% on the undrawn loan amount cancelled
Full Repayment Fee 1% on the outstanding loan amount
Partial Prepayment Fee 1% on the prepaid amount
 
ELIGIBILITY
  • Singapore Citizens or Singapore Permanent Residents
  • Individuals aged between 21 and 62 (as at end of loan tenure)
  • Earning a minimum annual income of S$30,000 (main applicant) or S$12,000 (joint applicant(s)) or S$30,000 (guarantor)
  • Earning a minimum income of S$30,000 for study loan
 
DOCUMENTS REQUIRED
  • Photocopy of NRIC (both sides) of all applicants/guarantor
  • Letter of Acceptance from Education Institution stating type and duration of course (original or certified)
  • Invoice or course fee payment schedule
  • Proof of Income:
    • Salaried Employee:
      1. Latest Computerised Payslip OR
      2. CPF Contribution Statement (past 12 months) OR
      3. Latest Income Tax Notice of Assessment (NOA) and any of the above two income documents
    • Variable Income/Commission Based Earner:
      1. Computerised Payslip (past 6 months) OR
      2. CPF Contribution Statement (past 12 months) OR
      3. Latest Income Tax Notice of Assessment (NOA)
    • Self-Employed:
      1. Income Tax Notices of Assessment (NOA) for latest 2 years
HOW TO APPLY