|Annual Income (SGD)||Study Loan|
|S$30,000 - S$119,999|
Up to 4 times1 monthly income
Up to 6 times1 monthly income
|Total loan amount||S$12,000|
(for local studies only)
|4.78% p.a2 (EIR: 6.01%)|
|Loan tenure||36 months|
|Processing fee||2% of loan amount payable upfront|
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||Based on RHB Prime Lending Rate minus 0.92% per annum. 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.
Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposits Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
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