Providing Financial Help for Singapore Working Adults Looking to Upgrade Skills With a New Education

“With Student Loan Care’s help, I am finally able to do animation and designing, something that I have always wanted to do!”

I always wanted to be part of an animation company like Lucasfilm Animation involving myself in stuff like the Star Wars. But due to circumstances, I studied accountancy. In order to pursue my dreams, I decided to look for financial help online and came across Student Loan Care. With their help, I managed to get a loan to further my studies and eventually get a job that I enjoy!
Wilson Toh
3D Animator and Motion Graphics Designer

What can we offer you?

Easy Application
Process

No troublesome paperwork.

Low interest rates

Our rates are affordable for students.

Quick Approval

We will get back to you within 24 hours.

Securing your career

We want to help improve your studies and career.

Legal and reliable

We work with licensed moneylenders registered with the Ministry of Law.

Maintain your current lifestyle

Have the freedom to lead the lifestyle you want.

Flexible repayment plans

We offer flexible terms and customize a repayment plan just for you.

Guaranteed confidentiality

All your details will be safe with us.

How can a Personal Loan help me as a fresh grad?

Fresh grad personal loans can help you foot your bills, pay for your home repairs, get new furniture, new laptops, emergency situations or anything that you need funds for. You can also get a loan to go on a holiday with your friends or simply take a solo trip to relax. If you are interested in being an entrepreneur, then perhaps you can take a personal loan to start your own business.

For some of us, we are already on study loans or in credit card debts. You can also use personal loans for debt consolidation. Both banks and financial institutions offer debt consolidation plans where they help to combine and consolidate all of the borrower’s debts and offer a lower interest rate with monthly repayments. This means that you don’t have to put in that much effort to keep track of your loans and just make one monthly repayment.

Nonetheless, we strongly encourage you to only apply for loans that you truly need and to only get an amount that you are able to repay.

“ The truth is, no one really has it all figured out. But we can always try our best to make the fullest of our lives. What we can do is to get the right tools and help to make our lives better. ”

How much can I borrow? Is there a minimum or maximum amount?

Most banks and financial institutions in Singapore offer a loan of up to 10 times that of the borrower’s monthly salary, depending on individual profiles. 

The amount loaned depends on the borrower’s salary, risk profile and credit score. The higher the credit score, more reliable your profile is, and these increases the success rate of you getting a larger loan.

For example, if you are a Singaporean or PR earning a salary of $2500 per month, you can get a loan of up to 4 times your salary, which means you can borrow up to $10,000.

Am I eligible for a Student Loan? Who qualifies for the loans?

Regardless if you are a fresh graduate, an executive, a manager or a businessman, you can get a loan if you are 21 to 65 years old and employed.

Loan requirements will be stated on financial institutions’ websites. A live chat option is usually provided to answer your queries. They will assess each applicant’s risk profile and credit score.

If you are a foreigner working in Singapore, you are also eligible for loans by both banks and licensed lenders. However, it must be noted that the loan requirements for foreigners are stricter especially with banks.

How long is the application process? Is there a lot of paperwork?

The amount of time varies for each bank and financial institution. It is convenient as most of them offer both paper and online application. 

Banks generally have a longer processing time as they require the approval of many departments. It could take days or even weeks for the loan to be approved and for the money to be disbursed.

Licensed moneylenders also conduct checks but generally take a shorter period of time and offer quicker processes. If the application is successful (with all the necessary documents submitted), they should be able to approve and transfer the money within a few hours or a few days.

All Types of Loans Available

Study Loan

Education in Singapore is really expensive. You might not be able to get a good job without a diploma or degree. If you have been postponing your studies due to the high costs, stop worrying. We can help you unlock endless opportunities with our study loan.

Vacation Loan

We all need a little break once in a while. Perhaps you have been wanting to go on holiday to Thailand, Japan or even the UK with your friends but lack the funds to do so. Student Loan Care can help you by solving your financial issues.

Exchange Trip/ Overseas Exchange Programme Loan

Exchange programmes to various countries are offered by many education institutions and these are exciting once-in-a-lifetime opportunities! Although the programmes can be rather expensive, Student Loan Care is here to help you achieve your goals.

Lifestyle/ Living Expenses Loan

While you are studying, there will be bills to pay or things that you have always wanted to buy. With all these expenses, your finances might get a little tight. Student Loan Care’s lifestyle/ living expenses loan is here to help with just that!