Best Study Loans in Singapore

The Top 6 Options for the Best Study Loans in Singapore

Do you need financial assistance in order to continue your studies? If so, there’s no need to worry, because we’ve found the lenders that offer the best study loans in Singapore to help you pursue your studies!

Every option on our list thinks that everyone deserves to have a quality education without struggling to pay for school fees. With our comprehensive list of the best study loans in Singapore, you will be one step closer to achieving your goals!

1.  DBS Study Loan

DBS Study Loan's Page

BEST FOR  Universities and polytechnics
SERVICES Study Loans, Home Loans, Personal Loans, Renovation Loans, Car Loans, and Personal Savings
ADDRESS Singapore
CONTACT DETAILS 1800 111 1111
OPERATING HOURS Monday – Friday, 8:00 AM – 5:00 PM

If you’re looking for a study loan that’s easy to repay after studying, then DBS’s Study Loan is the perfect match for you! It’s open to lending funds to both university study and polytechnic students.

Qualifying for this study loan is also very easy. As long as you’re a student not less than 21 years old, you’ll be pretty much accepted for this study loan.

Among the key features of this study loan are tuition subsidy of up to 25%, living stipend, and interest-free repayment during the course of the study, should you choose to repay it immediately.

One of the reasons we consider it one of the best study loans in Singapore is the lenient repayment process. You have the option to repay the loan even 20 years after graduating.

What’s more, the repayment won’t start right away unlike other banks. It will commence 6 months after your graduation, allowing you to find a stable job that will help repay the loan.


  • 25% tuition subsidy
  • Longer tenor
  • Low interest rates
  • Easy application


2. Lendela

Lendela'S Homepage
BEST FOR  Multiple Personalised Offers
SERVICES Debt consolidation
Cash loan
Wedding loan
Student loan
Quick loan
ADDRESS Found8 Prinsep
128 Prinsep St, #01-01
188655 Singapore
CONTACT DETAILS +65 8201 0158 / +65 9670 1595
[email protected]

One of the hardest parts of getting a loan is finding the right lender, as well as monitoring the progress of your application. Fortunately, Lendela solves those problems, ensuring that your loan is not only accepted, but also processed as fast as possible.

Lendela takes pride in their unique Fintech platform– which allows clients to find the best loan offers for them without any hassle. Transparency is part and parcel of their services, where they ensure that you are immediately informed of any prospective offers from their partnered lenders.

Best of all, you can count on them to be with you every step of the way. They will make sure that you not only know all of your choices, but also end up with a loan that suits your lifestyle and budget. No matter the type of loan you need, Lendela is sure to find the right one for you.


  • Personalised offers
  • Multiple Lenders
  • Full Customer Support
  • Easy Online Comparison

Customer Reviews

Here’s what a few of Lendela’s satisfied customers had to say:

“My experience was excellent. Staff by name Ben helped me through the process patiently and promptly that made my loan process easy. Appreciate!”

“Very proactive following up on the status and outcome of the application. Prompt and friendly sales rep. who shares best available solution to aid your application needs.”

3.FRANK by OCBC Study Loan

FRANK by OCBC Study Loan's Page

BEST FOR  NUS students
SERVICES Study Loans and Personal Loans
ADDRESS 65 Chulia St, #01-00, Singapore 049513
CONTACT DETAILS +65 1800 363 3333
OPERATING HOURS Monday – Friday, 9:00 AM – 4:30 PM

If you’re a student from National University Singapore in need of financial assistance, then we have good news for you. Here’s the FRANK by OCBC Study Loan, and it has a set of benefits only for NUS students.

Some of these benefits are 20% tuition subsidy, flexible payment schemes, no repayment and 0% interest while studying, and a whole lot more! It’s really one of the best study loans in Singapore available today.

In addition, students with approved study loans will also receive an annual stipend amounting to $3,600.


  • 20% tuition subsidy
  • Living stipend
  • Flexible repayment period


4.  Maybank Education Loan

Maybank Education Loan's Page

BEST FOR  Local and overseas studies
SERVICES Study Loans, Renovation Loans, Housing Loans, Personal Loans, and Car Loans
ADDRESS 2 Battery Rd, Maybank Tower, Singapore 049907
CONTACT DETAILS +65 1800 629 2265
OPERATING HOURS Monday – Friday, 10:00 AM – 6:30 PM

Maybank is one of the few banks on the island that offer study loans with huge sums for those who want to study in Singapore or overseas.

While most banks subsidise a percentage of a student’s tuition fee, Maybank just lets students borrow money, and it’s up to them if they want to allocate it to their studies.

Moreover, the amount you can borrow depends on your earnings every month. As stated on its website, students can borrow money 8 times their monthly salary.

With this arrangement, you will be able to borrow more money to be used not only for tuition fees but for living expenses as well.

In case the borrowed money isn’t enough, students can ask for additional financing for accommodation, food expenses, books, and even computer equipment.

This is why some consider it one of the best study loans in Singapore that every financially-challenged student should get.

However, Maybank offers a shorter repayment period compared to other banks. Students can only repay the loan within 10 years or less.


5.  CIMB Education Loan

CIMB Education Loan's Page

BEST FOR  Competitive interest rate
SERVICES Study Loans, Property Loans, and Debt Consolidation Loans
ADDRESS #03, 270 Orchard Rd, 02, Singapore 238857
CONTACT DETAILS +65 6333 7777
OPERATING HOURS Monday – Friday, 10:00 AM – 8:00 PM

If you want a study loan that covers all your education needs, then the CIMB Education Loan has you covered!

Instead of focusing only on subsidising a portion of your tuition, CIMB goes beyond by making sure that other areas such as accommodation, supplies, and more are also covered.

One of the great features of this study loan is the flexible repayment period. Instead of dictating how long students have to repay the loan, CIMB will let you pay for it in your own time, as long as you don’t go beyond 10 years.

It also has the lowest interest rates among the study loans offered on the island. With this feature, you don’t have to stress over a future of drowning in student loans and debts.

In terms of eligibility, it’s pretty easy to qualify for the CIMB Education Loan. If you’re a Singaporean resident and not less than 16 years old, it will be easy for your application to be approved.


  • Wide coverage
  • Low interest rates
  • Flexible tenure
  • Low processing fees


6.  RHB Education Loan

RHB Education Loan's Page

BEST FOR  Competitive interest rate
SERVICES Study Loans, Property Loans, and Debt Consolidation Loans
ADDRESS #03, 270 Orchard Rd, 02, Singapore 238857
CONTACT DETAILS +65 6333 7777
OPERATING HOURS Monday – Friday, 10:00 AM – 8:00 PM

With the RHB Education Loan, you don’t have to worry about postponing your dreams because of financial problems. As one of the best study loans in Singapore, it will allow you to focus on achieving your dreams by being able to go to school without any worries.

It’s perfect for students who want to study locally and even those who want to pursue studies overseas. Once your application gets approved, you will be able to borrow money that can cover tuition fees, accommodation, and books.

On top of these, RHB promises flexible and lenient repayment terms. You can choose to pay for it incrementally while studying or start paying once you’ve landed a stable job after graduating.

Above all, the money you borrow can go up to 6 times your monthly salary. With that much money, you will be able to pay for everything related to education!


  • For local and international students
  • High loan amount
  • Low interest rates
  • Flexible repayment schemes


Have you already identified which study loan you will avail for yourself? If you have, share it with us and we’d definitely love to hear what you have to say about the options included on our list!

By the way, if you’re also looking into other types of loans, you may want to check out our list of the best loans in Singapore. Any of these banks or money lenders will help you with what you’re trying to achieve!