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Key Features of POSB Further Study Assist 5.88% Promotional Interest Rate
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Product Features |
POSB Further Study Assist |
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Nationality |
Locals/PRs only |
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Interest Rate |
5.88% p.a. |
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Main Applicant Age |
18 - 60yrs |
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Joint Applicants |
NO |
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Guarantor Criteria |
21-60yrs old |
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Min. Income Eligibility |
$12,000 p.a. for either Borrower & Guarantor |
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Processing Fee |
3% |
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Disbursement Fee |
$0 |
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Cancellation Fee |
$0 |
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Early Redemption Fee |
$0 |
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Min. Loan amount |
$2k |
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Max. loan amount |
$50 k |
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Loan Tenure |
1-5 years |
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Loan Quantum |
Up to 6 times combine income of main borrower & guarantor |
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Repayment Options |
Standard Repayment |
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Disbursement Flow. |
Co/s Payee to Institutions Mail to Main applicant's address | |
WHY POSB FSA?
- Convenience - POSB has the largest network (branches) in Singapore
- Most Singaporean has a POSB Saving Account / DBS saving a/c - no need to reopen another "loan servicing a/c"
- Ease of Repayment - Repayment is done via Auto Debit through saving a/c - Can use either guarantor's or borrowers.
- Promotional Interest Rate! 5.88% p.a. (monthly reducing basis)
- No cancellation fee *before processing/ before application status is out*
- No disbursement fee * cashier order fee*
- Best of all no Early Repayment Fee (full or partial)
For more information on study loans and student loans, you may call 6333 0033 or log on to POSB Study Loans.
You may also like to download the relevant Study Loans information flyer here.
Visit : POSB Study assist for exclusive privileges at local private institutions. |
Contact us |
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Online Helpdesk |
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Yishun Main Branch
701A Yishun Ave 5
#03-02
Singapore 761701.
Tel: 67531008
Fax: 67528974
Email: yishun@uptrend.com.sg |
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Suntec City Branch
3 Temasek Boulevard
#03-084 Suntec City Mall
Singapore 038983
Tel: 62358558
Fax: 62356518
Email: chinatown@uptrend.com.sg
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Hougang Branch
203 Hougang street 21
#03-47/49
Singapore 530203
Tel: 62885509
Fax: 62834467
Email :Hougang@uptrend.com.sg
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