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Interest servicing scheme
With our Interest Servicing repayment scheme, you only need to pay for the interest on your loan during the course of your study. Learn more here.
One of the lowest in SG
With no hidden fees and charges and one of the lowest processing fees in the market at only 2%.
One of the lowest in SG
Covers all your education needs with our loan at low interest rate of 4.78%1 and 2% processing fees (EIR 5.22% p.a.).
High financing limits
Cost should not stop you from pursuing your dream. Make your dream a reality with a CIMB Education Loan that offers up to eight times your monthly income or S$200,000.
Unlimited free cashier's orders
Manage your loan disbursements and cash flow however you choose with unlimited cashier's orders.
Flexible loan tenures
Get a head start by choosing the duration that best suits your financial needs, with loan tenures between 1 to 10 years.
| Loan Tenure (Years) | Monthly Rest Interest Rate | Processing Fee | Effective Interest Rate³ | Monthly Instalment Amount² |
|---|---|---|---|---|
| - | Course of study First 4 years: CIMB Prime Rate + 0.49% p.a.¹ |
2% of the approved loan amount (deducted upon loan disbursement) |
- | S$100 |
| 5 | Thereafter: CIMB Prime Rate - 0.11% p.a.¹ | 6.44% | S$1,716 | |
| 6 | 6.34% | S$881 | ||
| 7 | 6.27% | S$603 | ||
| 8 | 6.21% | S$465 | ||
| 9 | 6.15% | S$382 | ||
| 10 | 6.11% | S$326 |
| Loan Tenure (Years) | Monthly Rest Interest Rate | Processing Fee | Effective Interest Rate³ | Monthly Instalment Amount² |
|---|---|---|---|---|
| 1 | CIMB Prime Rate - 0.72% p.a.¹ | 2% of the approved loan amount (deducted upon loan disbursement) |
8.57% | S$1,711 |
| 2 | 6.77% | S$876 | ||
| 3 | 6.13% | S$598 | ||
| 4 | 5.81% | S$459 | ||
| 5 | 5.61% | S$376 | ||
| 6 | 5.48% | S$321 | ||
| 7 | 5.39% | S$281 | ||
| 8 | 5.32% | S$252 | ||
| 9 | 5.26% | S$229 | ||
| 10 | 5.22% | S$210 |
Singaporeans and Singapore Permanent Residents only
Requirements
Terms & Conditions