People also ask
What is the cheapest education loan to study abroad?
OCBC’s FRANK Education Loan, which is also a great option for students that study locally, is the cheapest education loan for students that study overseas. The bank charges the lowest interest rate in the market at 4.5% and a reasonable processing fee of 2.5%.
What is the minimum amount given as study abroad loan?
The Minimum amount given as study abroad loan is Rs. 1,00,000.00/- At Avanse we do not believe in putting limits to your dream of pursuing higher studies, we look at structuring the study abroad loan to meet your necessary needs and cost of education. At Avanse we do not ask for any Margin money contribution from our applicants.
What is the amount of collateral for an abroad education loan?
The amount of Collateral education loan you could get is in the range of Rs. 10 lakhs to Rs. 1.5 crores . The interest rate on Collateral Education loan is usually between 9.4% to 10.3%. There are three types of collateral that the bank accepts for the abroad education loan.
How to finance the cost of studying internationally?
To help you finance the cost of studying internationally, our researchers analysed every study loan available to Singaporeans planning to study overseas. When comparing these loans, we recommend that you consider the total interest cost, payment structure and various promotions in order to obtain the most affordable student loan.