2 Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. The EIR comprises of 4.5% per year interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan.
HOW TO APPLY GET STARTED IN THREE STEPS Step 1: Select your schoolWe can support your studies at local institutes or overseas institutes.
Step 2: Talk to usSpeak to our Loan Ambassador
Step 3: ApplySubmit your application with your joint borrower at any OCBC Branch
You may refer to the repayment options below.
NOTE: For Graduated and Graduated Plus, the loan tenure includes the period of study.
Effective Interest Rates are calculated based on a monthly rest method and include a processing fee of 2.5%of the approved loan amount.
Effective Interest Rate will vary with loan amount and tenure.
A 24-month course period is assumed in the calculation of the Effective Interest Rates for the Graduated and Graduated Plus repayment schemes.
1 Interest on the loan amount is calculated based on a monthly rest method and is subject to compounding if the monthly interest charges are not received by OCBC Bank in full.
2 Effective Interest Rates (which comprises the applied interest rate and processing fee) will vary with the loan amount and tenor.
3 A 24-month course period is assumed in the calculation of the Effective Interest Rates for the Graduated and Graduated Plus repayment schemes
