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    Best Education Loan & Student Loan Rates for College Singapore 2018

    As soon as you finish school, you are eager to start off your higher education. However, today the cost of education has risen so much that even for a three-year course in Singapore you are required to pay approximately S$30,000, or in some cases, higher. In case you are planning to move overseas for your education, you will also have to consider additional costs apart from your tuition fee.If you opt to study at public institutions such as NTU or NUS, they are likely to provide you with study loans. Education loans are a kind of personal loan. In case your parents have CPF accounts, you can make use of the CPF Education Scheme. If you are still short of funds, you will have to eventually go to a bank and apply for an education loan. In Singapore most banks offer students education loans and all you need is a guarantor who earns at least S$30,000 per year to have your loan approved.

    Maybank Education Loans: Best Option for Those Looking for Flexible Repayment Structures

    Tertiary education – local or overseas, can be extremely expensive. Enjoy complete flexibility in terms of repayments. You may choose any one of the three available repayment schemes – standard repayment, interest servicing, and partial repayment. Each has its unique benefits and features. If you want, you may get coverage for related expenses such as purchase of computing devices, text books and stationery, and cost of accommodation. You may apply through any one of the following channels:

    • By sending an SMS.
    • By filling up and submitting an online form.
    • By visiting one of the 22 Maybank branches in Singapore and applying in person.

    Key Highlights:

    • The loan tenure can’t extend beyond 10 years. For local education programmes, the maximum tenure is 8 years.
    • This loan is available to students from a wide range of local and foreign institutes of education.
    • The interest rate charged is a sum of two components, namely, the education board rate and a fixed component of 0.5%.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Starts from 4.5% p.a. Up to 8x your monthly income, capped at S$200,000 2% As per the agreement, in case of partial prepayment 1% of the amount cancelled

    CIMB Education Loan: Best for Interest Savings

    Lucky is a student who has to worry only about grades and jobs. However, life can become much more stressful when you have to worry about putting together a fund to pay for your education. If you choose this loan, you may be able to enjoy complete peace of mind, knowing that the repayment structure is flexible and the interest charges are extremely competitive. The loan amount applied for can’t be less than S$1,000.

    Key Highlights:

    • Effective interest rates (EIR) ranges between 5.83% p.a. and 9.18% p.a.
    • You may choose a tenure from 1 year to 10 years.
    • Manage your cash flow and loan disbursement better with an unlimited number of cashier’s orders free of cost.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Monthly rest rate: Equal to CIMB prime rate of 0.11% p.a. EIR from 5.83% p.a. Up to 8 times your monthly income, subject to a maximum of S$200,000 2% of the loan amount 1% of the amount prepaid 1% of the outstanding balance

    POSB Further Study Assist: Best for Those Seeking Education in Australia

    An overseas education is never cheap. This particular loan is a great option for those looking to study in Australia. With this loan, you can borrow up to 6x the aggregate monthly income of your and your guarantor, subject to a maximum of S$80,000. Currently, a promotional rate of 4.6% p.a. and a processing fee of 2% will apply if you seek a loan to support your studies at a preferred institution. You can also borrow up to 10x the combined (applicant and guarantor) monthly income, subject to a minimum loan amount of S$2,000. Check the bank’s website for the full list of preferred institutions.

    Key Highlights:

    • The prevailing rate of interest is 5.88% p.a.
    • If you’re the applicant, you must have a minimum annual gross income of S$18,000. The guarantor should be earning at least S$24,000 p.a.
    • No charges will apply to demand drafts and/or cashier’s orders issued to the educational institution.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    5.88% p.a. Up to 6x the combined monthly income 3% Nil Nil

    DBS Study Loan: Best for Undergraduates with Part Assistance From Public or Private Education Scheme

    Want to pursue education at a university or a polytechnic institute? If you have already received a grant, a fee subsidy, a MENDAKI Tertiary Tuition Fee Loan, a CPF Education Loan, or some other form of government assistance that covers a part of your tuition fees, you may apply for this DBS loan to:

    • Pay for 20% of the subsidised tuition fee or get an annual living allowance of up to S$3,600 for university education. OR
    • Pay for 25% of the subsidised course fee or get an annual living allowance of S$2,000 for polytechnic degree/diploma.

    You have to pay at least S$100 per month once repayment starts. For university education, you’ll also have the option to pay in a single lump sum.

    Key Features:

    • No interest will be charged on your borrowings during the course of the study.
    • Interest charged, if any, will be calculated based on the average prime lending rates of the three largest banks in the country – DBS, UOB, and OCBC.
    • You must begin repaying the loan within 6 months of completion of your course.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Average prime lending rate of DBS, OCBC, and UOB University: Up to 20% of the course fee or S$3,600 worth of living allowance Polytechnic: Up to 25% of the course fee or S$2,000 worth of living allowance - - -

    DBS Computer Loan: Best for Purchasing a Computer for Study Purposes

    Want to purchase a laptop for your university/polytechnic education? You may want to try this loan for its convenience. You may repay the loan in one lump sum or in fixed instalments, subject to a minimum monthly payment of S$100. If you’re pursuing a course in a recognised university, you can repay the loan over a period of 30 months from the time you have completed the course. If you’re pursuing a course in a polytechnic, you can repay the loan over a period of 24 months from the time of repayment.

    Key Features:

    • Loan is available to NUS undergraduates and full-time postgraduates, and to students of Ngee Ann Polytechnic.
    • Only a Singaporean can act as a guarantor for a Singaporean student (applicant). The guarantor may be a Singaporean national or PR for a PR student. The guarantor can be of any nationality for an international student.
    • No interest will be charged on this loan.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Interest-free - - - -

    OCBC FRANK Tuition Fee Loan: Best for NIE Students Training to Be Teachers

    Are you a trainee teacher at the National Institute of Education (NIE) who doesn’t receive a stipend or a salary from the Ministry of Education, Singapore? This OCBC loan could be a godsend for you. Part-time student teachers or students receiving some form of assistance or subsidised education are excluded. Full-time undergraduates, postgraduates, and part-time students at NUS/NTU may also be eligible, subject to fulfilment of certain conditions. Walk in with your guarantor, aged between 21 years and 60 years, in order to apply. You may apply online or at an OCBC branch.

    Key Highlights:

    • You won’t have to worry about repayments during the course of the programme.
    • Enjoy flexible repayment options. The minimum monthly instalment stands at S$100.
    • This loan offered by the government of Singapore (MOE), is administered by OCBC.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    No interest will apply during the course of the programme Additional interest rate of 1% if you fail to pay the minimum due within 2 years of course completion Up to 90% of the study fees 1% of the outstanding balance - -

    DBS Tuition Fee Loan: Best for Government-Funded Education

    Need a loan for subsidised education at a local institute? You may not be wrong to consider this loan as an option. Students studying at a list of chosen universities/NIEs or polytechnics are eligible for this loan. If you want this loan for a course taught at a preferred university/NIE, you can borrow up to 90% of the subsidised tuition fee. Repayment will start after the completion of the course and may stretch up to 20 years. Polytechnic students can receive a loan up to 75% of the subsidised course fee. Repayment will commence after the completion of the course and the tenure can’t exceed beyond 10 years.

    Key Highlights:

    • The minimum monthly repayment is S$100.
    • The interest rate, once applicable, will be the average prime lending rate of UOB, OCBC, and DBS.
    • No minimum income or age criteria apply.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Interest-free through the duration of study University/NIE: Up to 90% Polytechnic: Up to 75% - - -

    OCBC FRANK Education Loan: Best for Expensive Private Education

    When your skills become outdated or inadequate to help you survive in a highly competitive work environment, you should start looking for the warning signs of career stalling. One of the most effective ways to steer past this problem is to “go back to school!” However, it’s easier said than done because private education in the country and abroad, is expensive and you need a solid financial support system to see you through. As, you can borrow up to S$150,000, subject to conditions, this loan can be the perfect answer to your problem. Once your loan is approved, a letter of approval will be issued within 7 working days.

    Key Highlights:

    • Choose from 3 different repayment options. The EIR will vary accordingly in the range of 5.01% p.a. to 5.17% p.a.
    • Stay on track with your payments with access to internet banking.
    • The maximum tenure available is 8 years.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Starts from 4.5% p.a. Up to 10x your monthly income (capped at S$150,000) 2.5% As mentioned on the bank’s pricing guide As mentioned on the letter of approval

    RHB Education Loan: One of the Quickest Turnarounds

    If you have had experience in the past where the wait after submission of your loan application seemed endless, you may want to consider this loan to have a different experience. The bank claims to process and approve a loan within 3 to 5 business days, provided documents are in order. You can also choose any one of the 2 repayment schemes as per your convenience. Monthly instalments will be deducted from your linked RHB account or a current loan servicing account on the last day of every month. The interest rate charged depends on the prime lending rate (PLR) of the bank. It is currently 5.7% p.a. The processing fee is 2% of the loan amount, charged upfront.

    Key Highlights:

    • The minimum loan amount is S$3,000.
    • Three loan tenure options are available. They are 1 year, 5 years, and 10 years.
    • You may apply through the following channels:
      • Download the form, fill it out, and fax it to the bank along with the supporting documents.
      • Visit any of the 7 branches and apply in person.
    Interest rate Loan Amount Loan Payment Fee Full Repayment Fee Partial Prepayment Fee Cancellation Fee
    Starting from 4.38% p.a. Up to 6 times the monthly salary, subject to a maximum of S$100,000 5% above the PLR on the outstanding balance 1% of the due 1% of the amount prepaid 1% of the undrawn amount

    RHB Study Loan: Best for Managing Supplementary Expenses

    You may not be able to apply for this loan if you don’t have an education loan from the bank already. While an education loan will usually pay for your tuition fees and similar expenses, a study loan usually covers the supplementary costs of education such as purchase of books, computing devices, rental charges, and more. You may choose any one of the two repayment schemes available. If you don’t meet the age or income criteria, you may apply jointly with a parent, sibling, or your spouse.

    Key Highlights:

    • Loan processing and approval may take between 3 working days and 5 working days.
    • The amount of loan could be up to 6x your monthly income.
    • The interest charged depends on the prime lending rate (PLR) decided by the bank.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Starting from 6% p.a. Up to 6x your monthly salary, capped at S$120,000 2% of the loan amount - -

    NUS Study Loan: Best for Needy Students With No Means of Subsistence

    If you’re a needy undergraduate student at NUS, you may receive a study loan from the university based on your evaluated level of neediness. Singapore citizens and PRs with per capita income of up to S$2,700 may receive up to 20% of the tuition cost. If you’re a student who has received a scholarship that covers 100% of the study fee but you don’t get a living allowance, you may apply for this loan and receive up to S$3,600 p.a. for your living costs. International students may apply only if their per capita income is less than S$1,200. As an international student, you’ll receive up to 20% of the total cost of subsidised education or S$3,600 p.a. for your living expenses. You can repay the loan in one lump sum or in monthly instalments. The minimum monthly instalment amount is S$100. Repayment will start 6 months after you have graduated or landed a job, whichever is earlier.

    Key Highlights:

    • Interest charges will apply, generally.
    • Interest-free loans may be offered to extremely needy Singaporean students and PRs.
    • For interest-bearing loans, the tenure could go up to 20 years and for interest-free loans, the tenure can’t exceed 5 years.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Average prime lending rate of UOB, DBS, and OCBC, where applicable Pays for 10%/20% of the study fees or a living allowance of S$3,600 - - -

    NUS Tuition Fee Loan: Best for Undergraduate Students in Singapore

    This loan is available to undergraduate students in Singapore who satisfy certain criteria. It is available for the entire duration of the course and interest is only charged after the completion of the studies. Repayment must, however, begin no later than 2 years after the completion of the undergraduate programme. Full-time Singaporean undergraduate students, certain international students, final-year undergraduate students in certain double-degree courses, students studying Special Term modules and iBLOC modules, and certain part-time undergraduate students are eligible for this loan.

    Key Highlights:

    • The loan tenure can’t be extended 20 years.
    • Repayment can be made in a single lump sum or in monthly instalments. Each instalment can’t be less than S$100.
    • Students may use their PSEA balance to repay the loan after graduating.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Average of OCBC, DBS, and UOB prime lending rates Up to 90% of the subsidised tuition fee - - -

    SMU Education Loan: Best for Extremely Needy Undergraduate Students

    If you’re a full-time undergraduate student of any nationality, enrolled in an eligible degree programme, and your household income per month on an average doesn’t exceed S$2,700 with clear evidence of financial hardships, you may be eligible for this loan. You’ll be eligible if you have already utilised a tuition fee loan, a study loan, a subsidy/assistance loan from a government agency or your CPF monies, or a combination of these, to pay for the tuition fees of your course. You must also have taken the S$3,600 living allowance grant under the Study Loan scheme, if eligible, and also taken an SMU Bursary, MOE Bursary, SMU Financial Grant, donated bursary, or one offered by an external agency, if you’re eligible for one, in the year of application.

    Key Highlights:

    • The loan is tenable for 1 year only.
    • The loan is interest-free during the course of the programme. Thereafter, interest charges will apply till full repayment of the loan.
    • The loan must be repaid in full within 3 years.
    Interest rate Loan Amount Processing Fee Prepayment Fee Cancellation Fee
    Average of OCBC, UOB, and DBS prime lending rates, where applicable Up to S$5,000 - - -

    NTU Study Loan: Best for Full-Time Undergraduate Students

    If you’re a local or international student enrolled in one of the many NTU undergraduate courses and need assistance to cover for your living expenses or subsidised tuition fees, you may apply for this loan. International students paying non-subsidised tuition fees, aren’t eligible. If you’re a Singaporean citizen or PR with an average monthly household income equal to or less than S$2,700 or an international student with an average household per capita income of S$1,200 or less, you may apply provided this loan is held simultaneously with one or more of the following loans:

    • CPF Education Scheme
    • One of the MENDAKI loans
    • Post-Secondary Education Account (PSEA)
    • Tuition Fee Loan

    Key Highlights:

    • Students will be covered for the first 3 years of the Chinese Medicine and Biomedical sciences, only.
    • The loan will bear no interest during the course of the programme.
    • Repayment may be over 5 years for non-interest loans and over 20 years for interest-bearing loans.
    Interest rate Loan Amount Processing Fee Prepayment Fee Late Fee
    Average of the prime lending rates of DBS, OCBC, and UOB Up to 10% or 20% of the tuition fee or a living allowance or up to S$3,600 - - -

    NTU Study Loan: Best for Singaporean Part-Time Undergraduate Students

    If you’re a Singaporean part-time student who is pursuing his first undergraduate degree, you may be eligible provided your monthly household per capita income is less than or equal to S$2,700 and this loan supplements a Tuition Fee Loan which covers 90% of the course fee. You may not be eligible for a living allowance under this scheme. The scheme will remain interest-free during the course of the programme and up to 5 years after it, for those with an average monthly income less than or equal to S$950.

    Key Highlights:

    • The maximum loan tenure could be 5 years, in case of non-interest loans and 20 years, in case of interest-bearing loans.
    • Repayment will start 6 months after you complete your graduation or land a job, whichever is earlier.
    • A guarantor, who satisfies certain conditions laid down for the loan, is needed.
    Interest rate Loan Amount Processing Fee Prepayment Fee Late Fee
    Average of OCBC, UOB, and DBS prime lending rates Up to 10% of the tuition fee charged - - -

    NTU Student Loan: Best for Meeting Financial Hardships During the Course of the Programme

    If you’re a needy student in any year of study of an NTU undergraduate programme, except for the final semester, and have applied for another tuition fee loan, bursary, or award, you may be eligible for this loan. You can apply for this loan anytime during the year. You can, however, apply for this loan just once during the course of your study.

    Key Highlights:

    • It is an interest-free loan.
    • Repayment commences 3 months after graduation. Repayment has to be completed within 3 years upon graduation.
    • A guarantor, who is gainfully employed, is needed.
    Interest rate Loan Amount Processing Fee Prepayment Fee Late Fee
    Free Up to S$2,000 - - -

    Eligibility Criteria

    Education-Loan-Singapore

    You can apply for this loan starting from the age of 17, however, you must have a guarantor who can apply for the loan if you do not have any income. The guarantor can either be your parent or anyone who is willing to vouch for you. Here are some other qualifying criteria that you have to fulfil to qualify for an education loan:

    • You must be a citizen of Singapore or a Permanent Resident.
    • You should have an income of at least S$12,000 p.a.
    • If you are not employed, your sponsor or parents can apply for the education loan.
    • You can apply jointly with two or more sponsors.
    • Your loan guarantor should have an income of at least S$30,000 p.a.

    Repayment

    You might graduate from your university with excellent grades and land a good job and a big paycheque. In this case, you will not face any problems repaying the loan amount. But, things don’t always go according to plan and you may not be able to repay your loan.Considering you took a loan for an undergraduate course and are unemployed, the bank is aware you are broke. However, the bank also knows that your guarantor is not. Hence, if you are unable to repay the loan amount, your guarantor will be liable to pay the entire amount on time.

    If the loan still does not get paid, the bank has the right to take legal action against you and your guarantor. Since these loans are unsecured loans, none of your assets will be forfeited.With the monthly rest loans, you are required to pay the standard repayment or at least the interest repayments during the course duration. You can choose the interest-only loans, which require you to pay only the interest amount while studying. You can repay the principal amount after the completion of your course. Interest-only loans are more expensive than monthly rest loans.

    Guarantor

    If you are a full-time student with no annual income or if you are below 18 years of age, then the bank requires you to nominate a guarantor, who can pay the loan on your behalf, till you find a job. Your guarantor is liable to pay the entire amount, should you default.

    Criteria:

    • He/she should be between the ages of 21 and 60.
    • He/she should not be bankrupt.
    • He/she should earn at least S$24,000 p.a.

    Nationality requirements:

    • If you are a Singaporean or a PR, then the guarantor must either be a citizen or a PR.
    • If you are a foreigner, then your guarantor can be of any nationality.

    Types of Education Loan

    Education loans in Singapore are divided into two types, flat rate and monthly rest. In case of flat rate, the entire sum is calculated at the beginning of the loan while with monthly rest, the interest is computed based on monthly balances.

    Why Should You Take an Education Loan?

    It is daunting to know that the cost of education has periodically increased. You may need thousands of dollars to get a degree from National University of Singapore (NUS). The private education institutions may charge even more. However, most of the financial institutions in Singapore provide a student loan to help you in this situation.

    Let’s take a look at why it is not always a good idea to use your savings to pay for your education. Here are a few circumstances when you must go for education loan even if you have cash:

    If You Want to Study Abroad

     When you study abroad, there may be certain reasons due to which you may require money, such as:

    • Student lodging costs could vary.
    • House rent may increase if you stay outside the campus.
    • Currency exchange rates can increase any time.
    • Policies of a foreign government can change resulting in additional costs.

    Hence, it is always a good idea to keep your saved-up money and take up an education loan.

    Unexpected Medical Costs

    If you are suffering from any medical condition which is not covered by your insurance policy, you should always save money for any healthcare expenses. If you spend your savings on education fees, during an unfortunate medical emergency, you may run into a financial crisis.

    Opportunity Costs

    You may need cash in the following situations as well.

    • After your education, you may have a business plan which requires money for investment.
    • After your graduation, you may not get a job immediately, so you will need money for your expenditure.
    • You may get a job opportunity which you may not be interested in. In such cases, instead of taking up the opportunity for managing your expenses, you can wait for the right opportunity if you have a financial backup.
    You Have Dependents

    If you start education at a late stage of life, you may have dependents to take care of. Whether you have kids, elderly parents, or any other dependant, it is a good idea to keep your cash for any unexpected situation and take an education loan for your fees.

    How to Apply for an Education Loan

    Most banks allow you to apply online through filling up an online form. You can also download the application form from the bank’s website, take a print-out, fill it up and submit it at the nearest branch. Most banks will provide you with a list of approved institutions. In addition to the application form, you will also have to submit the following documents:

    • A copy of your NRIC.
    • If you are employed, you will have to submit a recent salary statement or CPF contribution history statement for the past 12 months or the latest Income Tax Notice of Assessment.
    • A Letter of Acceptance from the institution where you will be joining stating your course, total course fee and course duration.
    • If you are self-employed, you will need the past two years of Income Tax Notice of Assessment.

    Education Loan Guide

    Tuition Fee Grant Offered by the Ministry of Education

    The Government of Singapore launched the Tuition Grant Scheme to help students who cannot afford the high cost of higher education in Singapore by financing a portion of their tuition fee in select universities in Singapore. Students who are also citizens of Singapore will not have to apply for this grant separately and there is no obligation on them once they graduate. This grant is presently open to students who are enrolled to the full-time undergraduate or diploma courses in Institutes of Higher Learning.

    All foreigners and Permanent Residents must sign a Tuition Grant Agreement and apply for the Tuition Grant (subject to Ministry of Education's approval). As per the agreement, they are obligated to work in a Singapore-based organisation for at least three years after graduation in exchange for the grant received under the Tuition Grant Scheme. The autonomous institutes where you can use this grant are as follows:

    • Singapore University of Social Sciences
    • Singapore Institute of Technology
    • Singapore University of Technology and Design
    • Singapore Management University
    • Nanyang Technological University
    • National University of Singapore

    Loans Offered by Banks

    Maybank, CIMB, DBS/POSB, OCBC and RHB are the major banks offering education loans in Singapore. These banks offer loans with reasonable rate of interests that you can repay over an extended period of time. However, these loans are often more expensive than the funds accessible through other government schemes.   Bank loans are often the next best option if you are not eligible for the tuition fee grant or when you cannot use your relative’s CPF funds. The amount that you get through bank loans will be fairly generous, but you will have to first fulfil the respective bank’s eligibility criteria.

    The bank will carry out a proper credit inspection to make sure that they will get the money back once you are done with your studies. Banks may also charge a processing fee of 2% to 3% which is often a percentage of the loan amount. Most banks will ask for a guarantor who will also have to fulfil eligibility criteria that would include a stated income and age requirement.

    CPF Education Scheme

    If you have a CPF Ordinary Account, you can use the money in the account as part of the CPF Education Scheme. If you withdraw money from your CPF account, you will have to repay the principal amount in addition to the accumulated interest in cash to your CPF account, a year after you graduate or when you terminate your studies, whichever is earlier. To apply for this scheme, you will have to take the following steps:

    • Log in with your SingPass and submit the application through My Requests.
    • Within two days of submitting the application, you will get an email with a URL.
    • You will have to log in using your SingPass with that URL within 14 days of the application date.  

    Foreign students will have to send the hard copy of the application form along with all the necessary documents to the institution by the given deadline. If you wish to check the status of your loan application, you can log in with your SingPass on the CPF website.

    How Do Student Loans Work in Singapore?

    All study loans are unique as they are designed to fund your higher education. Although education loans are like personal loans, they cost less and have flexible repayment options.

    Low interest rates: Unlike personal loans, education loans have low interest rates and are considered as low-risk loans. The interest rates are mostly fixed, so you do not have to worry about the rates changing. You can also enjoy preferential interest rates if you enrol in any of the bank’s partner universities.

    Easier approval: Several students do not have jobs or credit scores. In that case, education loans are easier to get as you need to present a guarantor who earns at least S$24,000 per year. This way, you will not only get approval, but also establish credit.

    Repayments: Several study loans in the country offer flexible repayment options. If you do not have an income, you can choose to pay only the interest amount till you graduate. You can make full payments once you are done with your higher education.

    Frequently Asked Questions

    Q. How long does it take for banks to process the loan application?

    The banks take three to four working days to process your education loan application.

    Q. What are the differences between a study loan and an education loan?

    With an education loan, you will get funds that will cover only your course fees. In contrast, a study loan also finances supplementary expenses that you will incur during the course of your study, for instance, laptop, textbooks, and accommodation.

    Q. Who can be my guarantor?

    Your immediate family member like your sibling, parent, child or spouse can be your guarantor.

    Q. Can I have more than one guarantor?

    No, you cannot have more than one guarantor.

    Q. Do I have to submit any document to prove my relationship with my guarantor?

    Yes, you must provide either a Marriage Certificate or Birth Certificate to prove your relationship.

    Q. How can I make monthly payments?

    You can pay the loan in instalments either by funding your loan servicing account or through internet banking.

    *This article is for general information purposes only and is not a sponsored content. BankBazaar does not guarantee the authenticity of the information provided in the article. Readers are requested to verify the information before taking any decision. All logos and service marks are trademarks™ or registered® marks of their respective owners. BankBazaar does not claim any right over the such intellectual properties used herein

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