Personal Loan

Invest In Your Future: Find the Best Student Loans In Singapore Today

We help you find a student loan in Singapore with the lowest interest rates to fund your local or overseas studies.
Check Student Loan Eligibility
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Why Use Lendingpot For Your Student Loan

We Do The Homework For You
We connect you with multiple banks and financial institutions at once. They compete to offer you a student loan in Singapore that fits your budget and study timeline.
Find The Real Lowest Rate
We help you compare Singapore's student loan interest rates across different lenders. We show you the real cost so you can choose the cheapest option and save money for your future.
Cover Your Education Expenses
Whether you need capital for a private university degree, a master's program, or essential living allowances while studying, we help you find a loan built for your schooling needs.
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Types of Student Loans And Schemes In Singapore

Feature
Student Loans from Banks/Lenders
MOE Tuition Fee Loan
CPF Education Loan Scheme
What is it
An unsecured personal loan without a collateral that can be used to pay for school or any form of course fees
Provided by DBS, UOB and OCBC, student can borrow 75% - 90% of their fees with no interest over their course of study.
You may use your/your parents’/your spouse’s CPF to pay for up to 100% of your course fees, if there is enough CPF OA savings that can be withdrawn.
Eligibility
Singaporeans, PR, and Foreigners (EPass, SPass) who are salaried workers in Singapore. Suitable for professionals or individuals who are looking to upskill
Only applicable for Singaporeans, PR and Foreign Students who study in Singapore Polytechnic, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Republic Polytechnic, Singapore Institute of Technology, National University of Singapore, Nanyang Technological University, Singapore University of Social Sciences and Singapore University of Technology and Design. Guarantor should be 21-60 years old, Singaporean, PR or foreigner. Guarantor should not be an undischarged bankrupt or have any current litigation
Singaporeans and foreigners taking full-time undergraduate course at one of the Approved Educational Institutions. Those taking part-time diploma/degree or a second undergraduate course are not eligible for this scheme. Foreign students need to provide a guarantor for the application.
Loan Amount
Up to 10x of individual’s monthly income
75% - 90% of subsidised tuition fees payable by Singapore students
Up to 100% of your course fees, subject to your available withdrawal limit
Loan Tenor
Starting from 1 month to up to 5 years (depending on the type of lender and repayment structure)
Up to 20 years
Up to 12 years
Loan Interest Rate
Starting from 3.48% flat per annum
Charged at an average prime rate of DBS, OCBC, and UOB after graduation
Computed on the prevailing Ordinary Account interest rate
Turnaround Time
As fast as 15 mins or within the working day
14 working days
14 working days
Documents Needed
You may apply using Myinfo Singpass at app-personal.lendingpot.sg and provide additional documents (optional):
• 3 months payslip
• 15 months CPF
• Completed copy of Tuition Fee Loan Application Form
• Copy of Letter of Offer
• NRIC/Passport (student and guarantor)
• Provisional Offer or Final Offer Letter of Admission (for new student)
Information will be retrieved when the CPF member login using Singpass
Application Options
Lendingpot can assist you to source for the best student loans for your needs at app-personal.lendingpot.sg
Contact the relevant banks for more information:
DBS: 1800 111 1111
UOB: 1800 222 2121
OCBC: 1800 363 3333
Student must file an application on the CPF website under ‘My Requests’. An email notification will be sent to the CPF member who needs to login to the website within 14 days to approve the use of their savings.
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Moneylender Loans: An Alternative To Your Education Financing

For students who are not qualified for a bank loan, MOE Tuition Fee or CPF Loan, you may want to consider a moneylender loan. You can borrow starting from 2 months to 2 years, depending on your income, credit rating, etc. Moneylender loans give you quick access to cash for your education needs. However, they do require you to apply with a proof of income. If you are a student without income proof to substantiate, you may want to find a guarantor who has good income proof and credit rating. Otherwise, you may opt for part-time studies while working. Borrowing from moneylenders can only be done once you’ve worked for 3 months. You may apply with proof of your payslips, CPF and any other supporting documents they require. In the case where school fees are due quarterly during the year, you may want to request for trial loans from the moneylenders which have smaller quantum and shorter tenor. In this way, you will also build up your repayment credibility with the lender which may open doors to better offer terms in the future. See below for sample monthly loan repayment table.

Sample Monthly Repayment Table

School Term
Loan Amount
Loan Term
Interest
Monthly Repayment
1
$5,000
4 months
3%/mo
$1,345.14
2
$6,000
4 months
3%/mo
$1,614.16
3
$7,000
4 months
3%/mo
$1,883.19
*Note that the numbers on the table is for demonstration purposes only. It is not representative of your actual loan terms.

How to Apply for A Student Loan In Singapore?

Sign Up & Apply
Start by completing our online application form.
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List and Get Offers
We’ll then send your application to lending partners who return with personalised offers for you within just minutes!
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Compare and Select
You can freely compare interest rates across all your personal loan offers before selecting the best fit for you.
Get Funded
After you’ve selected and accepted an offer, book an appointment to sign the agreement before receiving money on the same day!
Receiving loan funds
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Explore Every Student Loan Option In Singapore for $0.00

We believe that investing in your education shouldn't be a financial burden. We’ve put together a risk-free way to help you find the best student loan in Singapore so you can focus on your studies instead of the bills.
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We show your request to our entire network of banks and education lenders. This makes them compete to give you the lowest interest rates for your degree.
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Check your eligibility and see your potential rates without leaving a mark on your personal credit history or affecting your future borrowing power.
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Moving through university applications is stressful enough. Get a real person to help you navigate the paperwork and explain the terms in plain English.
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Find the Best Rates and Schemes

We help you compare different bank offers and specialised education schemes side-by-side so you can secure the lowest cost for your tuition.
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Secure Your Degree By Getting A Student Loan In Singapore!

Review your eligibility for student loans in Singapore to bridge the gap between your available savings and tuition fees. Use our tools to find a structured loan that matches your academic timeline and future repayment capacity.
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Frequently Asked Questions About Student Loans In Singapore

Have a different question? View all FAQs here
Can a foreigner get a loan in Singapore?
How much is $100,000 in student loan debt per month?
How much would a $30,000 student loan be monthly?
What qualifies you for a student loan?
Bank Loans / Moneylender Loans
Can I negotiate or change the loan quantum/interest that has been given to me?
How will I know if my loan has been approved by the banks or moneylenders?
Can I settle my loan repayment earlier?
MOE Tuition Fee Loan
If I change my course of study to another undergraduate programme, do I need to reapply for a new MOE Tuition Fee Loan?
If I am not successful in the MOE Tuition Fee Loan application, can I apply for it again?
Can I change the loan amount, disbursement year/semester, repayment, interest rate and guarantor for my MOE Tuition Fee Loan?
CPF Education Loan Scheme
What should I do if I submitted an application to use CPF savings for education under Institution A, but have now enrolled with Institution B?
What if I do not have enough CPF savings to make the payment?
Can I amend the online application for the CPF Education Loan Scheme?

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