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Interest servicing scheme
With our Interest Servicing repayment scheme, you only need to pay for the interest on your student 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 for a student loan at only 2%.
One of the lowest study loan interest rates in Singapore
Covers all your education needs with our loan at a low interest rate of 4.78%1 and 2% processing fees (EIR 5.22% p.a.).
High financing limits
Tuition fee costs should not stop you from pursuing your dreams of studying overseas. Make your dream a reality with a CIMB Education Loan that offers up to eight times your monthly income in Singapore or S$200,000.
Unlimited free cashier's orders
Manage your student 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 study 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 For CIMB Education Loan
Terms & Conditions For CIMB Education Loan