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Loan Amount
$
Loan Amount
$1,000
$200,000
$20,000
Tenure
Tenure
3
72
Month

Your monthly payment

$ 533

Selected Partners
DBS
POSB
HSBC
standard chartered bank
CIMB Bank
SingPass
Singapore Fintech Association
Carousell
DBS
POSB
HSBC
standard chartered bank
CIMB Bank
SingPass
Singapore Fintech Association
Carousell

Over 200,000 happy customers

Hear what Singaporeans are saying about Lendela.

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Shah A.
1 day ago
Lendela and mr muzzamir .. thank you for saving my financial needs.
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Mohammad Raziman
2 days ago
Served by Fadilah. Great service overall. Lendela does not charge borrowers. They also have partners that are...
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Shimano Stella
2 days ago
Jagreet has provided an efficient and professional service in assisting me with my request.The whole process was...
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Holy Roller
2 days ago
Lendela is fast and hassle free gave many options to choose and think carefully. Highly recommended thank you
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Victor Jecintha
3 days ago
Hello lendela, Officer Dharan service is good Really appreciate your service and support and Your service is very...
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Arshad muhammad
3 days ago
Thanks muzammir for your swift response in assisting with the loan . Big up!
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Jaiharen
3 days ago
Fast and very reliable!!
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Ari Sandi
3 days ago
Lendela help alot until you all get a loan
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Mei Ch
3 days ago
Friendly and polite staff very efficiency. Quick response as well.
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S.Hameed Shah
3 days ago
It very friendly
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kal el
4 days ago
Jagpreet communicated with me and ensure I receive updates on the loan. He helped through my enquiries with ease.
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Ewn Ewn
4 days ago
Coordination was superb... Good communication by staff.

ONE APPLICATION – MULTIPLE PERSONALISED STUDENT LOAN OFFERS

3 steps to your student loan:

Apply fast & easy

1. Apply online in a few minutes

Compare your offers

2. Compare student loan offers from multiple banks

Select and get money

3. Select offer and get the loan

More about Lendela

Our goal is to make your loan application process quicker, simpler and more transparent. As Singapore’s only true personal loan comparison service, we support you all the way from application to disbursement. Click below to read more about Lendela and how we empower thousands of loan-seeking Singaporeans every month.

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How To Get a Student Loan

Lendela is happy to help you finance your studies, no matter if you want to attend a part-time course in your spare time or are studying full-time for a university degree. Here, you will find some useful information on education loans and how we can help you find the best loan offers.

What Is a Student Loan?


Getting an education is a great life experience and can help build a solid foundation for your future career. Yet, there is no denying that it can be very costly, and financial support is often needed for many students throughout the course of their studies. Getting a loan to finance your education is a convenient solution for individuals who are studying in addition to working.

Simply put, a student loan is a loan that is taken to cover tuition, fees, dormitory, study material, and other additional costs connected to one’s studies. Many banks offer dedicated student loan products with their own interest rates, terms, and arrangements, but in many instances, a standard personal loan can work equally as well to cover the studies. Normally, all study or student loans fall within consumer loans, and once approved, just like any other loan type, the funds are to be reimbursed at regular monthly intervals. The repayment sum comprises the principal in addition to the interest. The interest rate for education loans is set according to the personal and financial summaries of the borrower.

Types of Student Loans in Singapore


Here are the different types of student loans available in Singapore:

MOE Tuition Fee Loan

  • Eligibility:

    • Full-time subsidised diploma students in polytechnics.

    • Full-time subsidised undergraduate and postgraduate students in autonomous universities.

    • Part-time subsidised undergraduate students in autonomous universities (Singapore Citizens only).

  • Loan Coverage:

    • Up to 75% of subsidised tuition fees for polytechnic students.

    • Up to 90% of subsidised Singapore Citizen tuition fees for university students.

  • Repayment Period:

    • Up to 10 years for loans taken at the polytechnic level.

    • Up to 20 years for loans taken at the university level.

    • Interest-free during the course of study, with interest starting after graduation or leaving the institution.

CPF Education Loan

  • Eligibility:

    • Full-time subsidised diploma students in polytechnics.

    • Full-time subsidised undergraduate and postgraduate students in autonomous universities.

  • Loan Coverage:

    • Up to 100% of subsidised tuition fees for polytechnic and university students.

    • The loan can be used to pay for your own, your spouse's, your children's, or your siblings' tuition fees.

  • Repayment Period:

    • Up to 12 years for monthly instalments.

    • Single lump sum repayment.

Student Loans from Banks & Licensed Loan Providers

  • Eligibility:

    • Salaried Singaporean / PR / EP holder.

  • Loan Coverage:

    • Partial or 100% of tuition fees, depending on the loan amount.

  • Repayment Period:

    • Monthly instalments ranges from 1 month to up to 5 years.

How Do I Compare Student Loans?


Finding and comparing student loans is much easier than you think. With Lendela, all you have to do is to fill out a simple application form, and we will do the work for you. In the application, select "Education" as your loan purpose, which indicates that you are applying for an unsecured education loan to cover your studies. Once submitted, we will send your application to all the banks and financial institutions that we work with, simultaneously. When each bank and financial institution has assessed your application, they will return with a pre-approved study loan offer based on your personal circumstances, which you will be able to view in your Lendela account. You can then compare multiple student loan offers available to you from various banks and financial institutions and determine which loan option has the best interest rate and is most suitable for you.

Once you have made your decision and selected a study loan option, the bank may need some additional information from you before granting you the finaloffer. All of this takes place online at lendela.com, is completely free, and comes with no obligations on your side. If you have questions or hesitations during the application or disbursement process, our skilled and highly experienced Customer Relationship Team will be there to help at any time.

Am I Qualified To Apply for a Student Loan?


To qualify to apply for a student loan with Lendela, you should meet the following requirements:

  • You are 21 - 61 years old

  • You have a minimum monthly income of $1,600

  • You are a salaried Singaporean / PR / EP holder

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