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Loans

STUDENT LOANS

We offer two types of student loans at OCBC.

Our OCBC education loans supports students planning to study in a local or overseas institute.

We also administer government loan schemes provided by the Ministry of Education for students at NUS, NTU, NIE and SMU.

OCBC EDUCATION LOAN (PRIVATE LOAN)

PRIVATE LOAN:
FOR LOCAL PRIVATE OR OVERSEAS INSTITUTIONS

  • Low interest rate of 4.5% p.a. (EIR 5.17% p.a.)2
  • Loan up to 10x your monthly income or S$150,000
  • Enjoy flexible repayment options
Learn more
GOVERNMENT LOAN SCHEMEs BY MOE

Tuition Fee Loan:
FOR LOCAL PUBLIC UNIVERSITIES (NUS, NTU, NIE AND SMU)

  • Choose between Tuition Fee Loan, Study Loan and Overseas Study Loan Programme
  • 0% interest while studying
  • Enjoy flexible repayment options
Learn more
INTEREST RATE CHANGE

LEARN MORE ABOUT THE NEW MOE INTEREST RATEs

Starting from 1 April 2024, all new applications for MOE-funded loans will be subject to the revised interest rates. The rate adjustments will occur on a half-yearly basis, effective every 1 April and 1 October.

Refer to our latest page to understand how the new interest rates may impact your loans.

Find out more

HAVE QUESTIONS? SPEAK TO OUR LOAN AMBASSADORS TODAY

Whether you wish to pursue an education locally or abroad in the US, Australia, the UK, China or Europe, our team of loan ambassadors is ready to guide you.

GET US TO CONTACT YOU

What to consider when taking out an education loan

Taking up an education loan is the first step towards making an overseas education possible. Such loans are meant for students who may not necessarily be able to start repaying the loan until they have graduated and found a job.

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Saying it as it is

Should i work first or study first?

Some things you need to think through: do you want a Master's Degree because of the prestige of it, or because everyone does it, or because of the opportunity of going overseas? Will a Master's Degree actually help you in getting future work opportunities?

Some fields do require you getting as high a degree as you can get, such as scientific research or lecturing. On the other hand some fields value experience more than on-paper degree. Which one is yours? Discern and prioritise. On top of that, do you know exactly what field you are interested in for your further studies? Work will help you find it.

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Additional Details

1Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. The EIR comprises of 4.5% per year interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan.