Apply for the Best Study Loans in Singapore

We all know the importance of education in Singapore and that you need a good education in order to get a good job. There may be a diploma or a degree that you’ve been wanting to take to get your dream job but has been put off due to the expensive school fees. Study loans are here to help you with the costs and fulfill your dreams. These study loans can be used for any course and at any schools.

Live as if you were to die tomorrow. Learn as if you were to live forever.”
- Mathatma Gandhi


We never stop learning in life and we gain more experience with every obstacle we conquer. Continuous learning and upgrade ourselves in order to progress further in our careers.

It is important to have the mentality that we need to keep learning and improving ourselves so that we become better and better.

If you are eager to learn and upgrade but is stopped by the high tuition fees, stop worrying. Student Loan Care has got you covered.

Singapore has always topped the global education rankings.

Numerous schools and courses that cover different industries and different fields of study. In such a competitive environment, most people aim to get a higher degree or certificate to get a higher pay.

The average Singaporean spends around $30k-$40k on their tertiary studies. They need to pay for the lessons, course materials, printing, books and supplies.

Student loans are actually very common in Singapore because applicants believe that this will benefit them in the future. They will be able to take on better jobs and be offered with more opportunities.

Most banks and financial institutions offer study loans for students. Banks such as DBS, OCBC or Maybank and more offer secured loans and their interest rates range from 4.50% to 5.88%.

Secured loans means that the bank requires collateral from the borrower, or a guarantor.

The collateral can be a car, a house or any form of asset. Other financial institutions on the other hand, offer unsecured loans which do not require collateral at all.

Generally, banks have a longer loan processing time as they have many procedures to complete. If you are looking for an urgent loan or a fast loan approval, do consider other financial institutions.

The loan tenure, which means the time given to repay the loan is flexible. You can choose to repay the entire loan within 1 to 5 years.


Whether you are studying in a local university or private/ overseas university, we have a solution for you.

Open your doors to numerous study opportunities with our Study Loan. Learn, explore, grow. We are here to provide you with the finances that you need to pursue or further your education.

We will always customize a plan that is comfortable for you. What we offer:

  • Low interest rates that are affordable ​
  • Flexible loan tenures and repayment plans
  • Loan up to 10x your monthly income
  • Applicable for both Singaporeans and PRs
  • You can apply with any school or institution

“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

Singapore has one of the best education systems in the world and it is well-known that Singaporean parents spend thousands of dollars on their child’s education every year. Aside from the basic school fees, parents have to pay for the cost of study materials, stationaries and even extra tuition classes. Fees also increase as the child goes through primary school, secondary school, polytechnics and universities.

Singaporeans willingly spend huge amounts on education because we all know that it will be tough to secure a good job if one does not have a diploma or a degree. It won’t be easy to attain a good salary without the qualifications and being kiasu Singaporeans we don’t want to lose out. This was what encouraged many parents to send their children to diploma and degree courses despite the high tuition fees.

Here’s a breakdown of the average course fees of local and private universities in Singapore.

Local Schools

Average Total Tuition Fees

Name of SchoolAverage Total Tuition Fees
National University of Singapore (NUS)$27k
Nanyang Technological University of Singapore (NTU)$27k
Singapore Management University (SMU)$34k
Singapore University of Social Sciences (SUSS)$32k – $35k
Singapore Institute of Technology (SIT)$26k
Singapore University of Technology and Design (SUTD)$39k

Private Schools

Average Total Tuition Fees

Name of SchoolAverage Total Tuition Fees
Singapore Institute of Management (SIM)$28.5k – $77.5k
Management Development Institute of Singapore (MDIS)$20k – $39k
James Cook University Singapore (JCU)$54k – $60k
PSB Academy$41k – $48k
Nanyang Academy of Fine Arts (NAFA)$36k – $42k
Lasalle (College of the arts)$30k – $57k
Kaplan$18k – $35k

Education is expensive in Singapore.

Tertiary education requires thousands of dollars and sometimes it may be difficult to come up with the money for the fees or study programmes. Not only does one have to pay for the lessons, they have to include food expenses, transport, leisure and other expenses as well.

Stop frowning, we’ve got your back!

Student Loan Care understands how exasperating it can be when you don’t have enough funds to study or to live the lifestyle that you want. In other cases, we have seen students give up on their education because they were unable to afford the fees.

Student Loan Care, We care!

We aim to be all students’ partner and lend a helping hand by assisting with your finances. After evaluating the cost of education in Singapore, we have introduced a few products that may help you better your student life.

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.

Other Types of Loans Available

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. 

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 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. 

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! 

“If you are not willing to learn, no one can help you. If you are determined to learn,
no one can stop you.”
- Zig Ziglar