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Education Loan
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Aspiring for a higher qualification so you can achieve more? With the OCBC Education Loan, the second Degree or Masters you've been aiming for is now within your reach. And because we offer you 3 flexible repayment options and extended loan tenure of up to 8 years, repaying your education loan is easy. Dream big, we'll help you realise your dreams!

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 Benefits

Easy access with a monthly income of as little as S$1,000 with a joint application.

Highest loan quantum of up to 8 times your monthly income or S$150,000 (whichever is lower).

One of the highest loan tenure of up to 8 years.

3 flexible repayment options to make your life easier:
  • Standard - basic scheme where you pay your monthly instalments (principal and interest) once your loan is disbursed.
  • Graduated - pay only interest for the loan disbursed till the end of your course, and monthly instalments will commence thereafter.
  • Graduated Plus - pay only interest for the loan disbursed till one year after the end of your course, and monthly instalments will commence thereafter.

Competitive interest rate of only 6.5% per annum.

Complimentary 'The BEST Card' that gives you a credit limit of up to 2 times your monthly income, plus enjoy an exclusive 5-year annual fee waiver

 Eligibility
SINGLE APPLICANT

Singaporean or Permanent Resident.

Between 21 and 55 years of age as of date of application.

Earning at least S$24,000 per annum.

JOINT APPLICATION

Main applicant will be the Student.

Joint applicant must be the main applicant's spouse, sibling or parent.

Applicants must be Singaporean or Permanent Resident between 21 and 55 years of age as of date of application.

Earning a total annual income of at least S$24,000 between main and joint applicants of either of the following:

  • Main (no income); Joint (at least S$24,000 p.a.)
  • Main (at least S$12,000 p.a.); Joint (at least S$12,000 p.a.)

Apply Now

Disbursement Authorisation Form for subsequent disbursements

Easy Steps to follow for Education Loan Application:
  1. Download and print the application form via Adobe Acrobat.

  2. If you are unable to do that, simply call our Customer Service Hotline at 1800 438 3333 and we will mail you an application form.

  3. You can also visit any OCBC Bank Branch to pick up an application form.

  4. To expedite processing, please complete the form in full and attach copies of your:
    • NRIC (front and back)
    • Certified true copy of acceptance letter from the institution stating type and duration of course
    • Certified true copy of schedule of payment for course fee or bill for course if not stated in acceptance letter
    • Latest computerised payslip
    • 6 months' CPF statement or income tax assessment (2 years' returns if self-employed)

  5. Please send your application to:
    Education Loan
    Robinson Road
    P.O. Box 1187
    Singapore 902337
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