iwantCapital can help you get the Personal Financing YOU need.


Study Loan

Are you currently paying down a substantial student loan balance? If so, you’re not alone. A recent study shows that more university seniors are graduating with more study loan debt than ever before, and the burden is typically even higher for those who’ve completed graduate, MBA, law or medical school programs.

Securing Study Loans

  • Higher loan amount of up to 6x the combined monthly income of you and your guarantor (max.S$80,000).
  • Flexible repayment period between 1 to 5 years that best suits your needs.
  • No early repayment charges should you choose to redeem your loan before end of the tenure.
  • No cost for issuance of subsequent cheques.

With our Study Loan, you have options to pursue your education for your future, whether you study at private or overseas institutions.

Am I eligible?

You must have a guarantor with you to apply for our Study Loan.

-Age 17 and above
-Annual income S$24,000 and above (individual or with joint applicant)
-Joint applicant must be student’s spouse, sibling or parent
(mandatory for applicants below 21 years old and those who want to study overseas)
-Singaporeans and Singapore PRs
icon a

Step 1

Complete a single free loan application.

icon b

Step 2

Get the best financing options available for your business.

icon c

Step 3

Get Funds!

What are study loan tenures like?

The tenures for study loans vary, ranging from 1 to 10 years. Some banks allow you to defer your repayment until after you have completed your studies.

Depending on the bank, you can also get free insurance with your loan offering coverage for accidental death or permanent disability for the duration of the loan repayment period.

Are there any additional bank fees with study loans?

Yes. You’ll need to pay a processing fee of about 2% on the loan amount that will be deducted from the loan’s first disbursement.

Some other fees you can expect from a study loan include:

  • Full prepayment penalty of 1% on the original loan amount
  • Partial prepayment penalty of 1% of the prepaid amount
  • Cancellation fee of 1% of the original amount if you cancel the loan after signing the letter of offer
  • Disbursement fee that may vary according to the mode of payment.

What documents are needed to apply for a study loan?

These are the documents needed to submit to the banks for a study loan application:

  • If you are a salaried employee, you’ll need your latest e-statement, or your CPF contribution history statement for the last 12 months, or your latest Income Tax Notice of Assessment
  • If you are self employed, you’ll need your latest 2 years of Income Tax Notices of Assessment
  • Letter of Acceptance from the education institution stating your course, course duration, and the total course fee
  • Completed application signed by the applicant(s)

What is the lowest study loan interest rate you can get?

Study loan rates are revised from time to time by the banks. The rates usually range from 3%-6% per annum.


Embark on your enrichment journey now!

Find out what you can borrow, get it now

Your Name (required)

Your Email (required)

Your Contact No (required)

By submitting this information and registering with IwantCapital, you accept and agree to iwantCapital's Terms of Service