Business Solutions for Education Entrepreneurs | OCBC Business Banking Singapore

Empowering edupreneurs to write your own success stories

An edupreneur is an education entrepreneur who provides a service or creates a product for the enhancement of learning.

As an edupreneur, focus on preparing today's learners for tomorrow's world while we help you start, run and grow your operations.

Supporting the Knowledge Economy

Education and life-long learning will continue to play a crucial role as Singapore transforms into a knowledge-based digital economy and beyond.

From early childhood, tuition and enrichment centres to skills-based courses, higher education, EdTech and more, OCBC is here no matter which segment of the education industry you are operating in. Whether you are opening your first centre or expanding your chain or franchise, our Education Specialists are here to support you with advice and business solutions at every stage.

holistic solutions for edupreneurs to read up on

Get fast funding and greater cash flow when you open a new education centre or expand your franchise or chain.

Funding for startups
Funding for startups

Upfront funding of up to S$400K* with an Edu-Starter loan

If you are setting up your education centre for the first time, we offer a starter loan to help you get started. This is useful to cover your setup costs such as renovation, initial working capital and operating capital needs. No financial documentation is required.

*Infant and childcare centres (up to S$400,000) and tuition and enrichment centres (up to S$100,000). For single centres, franchisees, or chains. Other terms and conditions apply.

Funding for expansion plans
Funding for expansion plans

Pre-approved funding of up to S$400K^ with an Edu-Expansion loan

If you have an established infant or childcare centre and are looking to expand your offerings, you can get financing of up to S$400,000. No financial documentation required.

^Infant and childcare centres (up to S$400,000). For single centres, franchisees, or chains. Other terms and conditions apply.

Funding for rental space
Funding for rental space

Secure your premises with rental bonds†

To free up your cash flow, we can support you with a rental bond so that you do not have to fork out a hefty security deposit to landlords.

†Underwritten by Great Eastern General Insurance Limited (subsidiary of OCBC Group).

Optimise productivity with digital solutions that will help your business automate manual processes and facilitate learning.

Manage your business online
Manage your business online

Get the all-in-one Edu Business Account

Stay on top of your entire business with the Edu Business Account*. Easily reconcile all your business transactions and collections and see an up-to-date and complete picture of your cash flow. Get all-you-can-use FAST and GIRO transactions for free.

*Subject to bank’s approval.

Streamline your processes
Streamline your processes

Streamline your operations and administrative duties with smart Centre Management Systems (CMS)

With integrated IT productivity tools and connected Application Programming Interfaces (API), you can reconcile data on your students’ profiles, performance, fees and curriculum. This will allow you to channel more time and effort in enhancing the quality of care and education for your customers.

As an OCBC Business Banking customer, you can also enjoy preferential rates with Taidii. Taidii is an ECDA-approved vendor that provides holistic and customised centre management modules.

Start collecting payments digitally with multiple merchant collection methods and simplify reconciliation processes so you can focus on your business. We’re here to help make it as easy as 123.

Download OCBC OneCollect
Download OCBC OneCollect

Speed up the collection of digital payments with OCBC OneCollect

Your centre assistant can skip the hassle of renting and setting up point-of-sale equipment with this digital merchant solution. It manages transactions easily and collects payments instantly to your business account. This intuitive app is also integrated with PayNow QR for quick scan-and-pay transactions that saves you merchant commission.

Deposit cash anytime
Deposit cash anytime

Conveniently and securely bank cash with a Business Deposit Card

Simply deposit your centre’s cash takings anytime at an OCBC ATM instead of having to queue at branches for cash deposits. No PIN required. Save money too with lower fees compared to counter transaction and cash deposit fees at branches.

Get access to our marketing resources and knowledge bank to grow your education business.

Track business data
Track business data

Leverage data intelligence to make informed business decisions

Monitor the performance of your chain of centres by location, customer segments and more. Gain an in-depth understanding of each centre’s performance to help make better data-led decisions when scouting for potential locations for your next centre or when you are considering a franchise setup.

Acquire customers online
Acquire customers online

Advertise your centre to customers in the vicinity

Reach out to more students and their parents, as well as increase enrolment to your centre by leveraging OCBC’s marketing channels to advertise your business for free.

Hear from our customers

Discover why edupreneurs like you have chosen OCBC to help them start, run and grow their businesses.

MindChamps

MindChamps has made its mark in the education space in Singapore. Now, they are taking their unique model of education to the world.

Access our dedicated education specialist team
Talk to an Education Specialist

Whether you are looking to start or expand an early childhood, tuition or enrichment centre, our Education Specialists are ready to help you tackle important topics, like setting up your business, managing day-to-day operations, financing and more.

We also provide customised advisory and solutions to facilitate your centre’s specific growth objectives, minimise its risks, and adopt new EdTech and digital solutions. Let us help you shorten the learning curve so you can quickly reap the rewards from the learning economy.

Get started now >

Our role in your journey
Education industry assessment

The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs. The pick-up in readings in the second quarter of 2022 (2Q 22) for the Education sub-sectors in early childhood education and recreation classes were the result of the lifting of Covid restrictions and a higher proportion of parents returning to work at the office. Collections for recreation classes rebounded strongly with a 25% increase YoY.

Whether you are an educator or education specialist, you can count on our business solutions and Education Specialist team to provide you with a healthy dose of business insights and support.

Find out more

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

Education reversed the contraction in 1Q 22, with a reading of 50.1. The improvement in readings could be attributed to growth in both early childhood and recreation classes.

*OCBC SME Index is centered on a score of 50, which represents zero change in the inputs from a year ago. A reading above 50 indicates improved activity, while a reading below 50 indicates a deterioration relative to the same period a year ago.