As low as 4.78% p.a., you will have the freedom to pursue a higher education at an affordable rate.
Choose from 2 ways to pay back your education loan once disbursed: a standard monthly instalment of the principal plus interest, or a graduated repayment with only interest amount until the completion of your studies.
As a potential student embarking on a new journey exploring your education and career, you may not be able to predict what lies ahead. Job markets and industry conditions change. Our Education Loan gives you a long repayment period of up to 10 years.
Qualify for a loan of up to 6 times1 your monthly income or S$100,000.
Besides your course fee, we take care of your study expenses. Get additional funds up to 6 times2 your monthly income or S$120,000.
|Total loan amount||S$12,000|
| Interest rate|
(for local studies only)
|4.78% p.a3 (EIR: 6.01%)|
|Loan tenure||36 months|
|Processing fee||2% of loan amount payable upfront|
Your monthly instalment for the next 36 months will be S$358 upon loan disbursement.
During your study period, your instalment payment will be S$47 upon loan disbursement. Your monthly instalment payment of S$358 will commence upon your completion of studies for the next 36 months.
|1||Minimum annual income of SGD 30,000 is required. The total loan amount for your RHB Education Loan will be capped up to 6 times your monthly income as indicated in the income documents, subject to a maximum of SGD 100,000 or amount RHB Bank may in its absolute discretion determine.|
|2|| For Study Loan|
For annual income of SGD 30,000 to SGD 119,999, loan amount will be up to 4 times your monthly income. For annual income of SGD 120,000 and above, loan amount will be up to 6 times your monthly income.
|3||Prime Lending Rate at the date of publication is 5.70% per annum. Interest rates and product features are subjected to changes without prior notice.|
|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|
RHB Bank reserves the right to amend these terms and conditions, with or without prior notice to the customer, at any time. The mode of notification of suspension, termination or variation shall be at RHB’s sole discretion including, but not limited to, branch display and statement inserts.
Before committing to a financial product, you are encouraged to read the ‘Understanding Financial Products’ by The Association of Banks in Singapore and MoneySENSE guide. Learn more
This advertisement has not been reviewed by the Monetary Authority of Singapore.