Local Education Student Loan

NUS, NTU, SMU, SUTD, SUSS, SIT? Lending Bee® local education student loans can help pave your child’s future, and for you to pivot your career. We offer unsecured local up to $300,000 SGD with longer loan tenures.

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What is a Local Education Student Loan?

Perhaps you might be thinking of furthering your studies.;


A bachelor’s degree, masters or PhD are all gateways to acquiring valuable skills, knowledge and experience. These days, pursuing higher education has become commonplace.


While higher education can help to increase your hiring chances, the costs associated can also be really hefty. So, how can a local education loan help?


A local education loan is intended to cover the cost of your tuition fees over the course of your study. Whether you are looking at private or the autonomous universities in Singapore, a local education loan can cover the cost of your higher education.


Let Lending Bee’s local education loan bring you one step closer to your dreams.


Benefits of a Local Student Loan with Lending Bee®

Our local education loan stands out as we provide our borrowers with a wide range of unique benefits.

Upgrade yourself without
monetary stress

Flexible
loan tenures

Ease of application
and approval

Increased
convenience

FAQ on Lending Bee's Student Loans

Frequently Asked Questions

How does a local education student loan work?

A student loan’s sole purpose is to help you fund your education costs and ease your financial burden in the process.

This way, you will be better able to focus on your studies and upgrade yourself.

What are some uses of this student loan?

With a local education loan, you will be able to cover for the following, but not limited to:

  • Tuition fees
  • Computer / laptop
  • Textbooks
  • Software licences
  • Special courses and training opportunities

 

How does your local education loan differ from those from banks?

The three main differentiating factors between our local education loan compared to banks are:

  • Speed
  • Ease of application
  • Service rendered

We believe in providing you with a local education loan in the shortest time possible.

This is why we have streamlined our borrowing process into 3 simple steps.

Moreover, we do not go through rigorous credit checks and also do not require much paperwork.

Ultimately, our experienced loan officers will be there to guide you on the best personal loan package for your needs and provide professional advice so that you’ll be able to upgrade yourself and increase your hiring opportunities.

What is the average cost of tuition fees across public universities in Singapore?

Below is a list of the public Universities in Singapore and an estimate of the tuition fees of some courses:

1. National University of Singapore (NUS)

The average cost for a 3-year degree course is $27,000.

2. Nanyang Technological University (NTU)

The average cost for a 3-year degree course is $27,000.

3. Singapore Management University (SMU)

The average cost for a 3-year degree course is $34,200.

4. Singapore University of Social Sciences (SUSS)

The average cost for a 3-year degree course is $32,000.

5. Singapore Institute of Technology (SIT)

The average cost for a 3-year degree course is $26,000.

6. Singapore University of Technology and Design (SUTD)

Their fees for all courses cost $13,200 per year, which works out to $36,600 for a 3-year course.

 

What is the average cost of tuition fees across private universities in Singapore?

In general, you can expect to pay between $20,000 to $59,000 in tuition fees for private universities.

That said, the cost you incur will naturally be in line with the course that you choose.

An important thing to note about private universities is that the government does not provide much financial support in terms of tuition fee grants.

Who is eligible for a local education loan?

To qualify for a local education loan with Lending Bee®, you’ll simply have to:

  • Be a Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
  • Be at least 21 years old
  • Be permanently employed for at least 3 months

 

What documents are required to obtain a local education loan?

For Singaporeans / PRs:

  • Proof of identity (NRIC, passport)
  • Proof of income (CPF / bank statements)

For Foreigners

  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements

 

What is the application process for a local education loan like?

At Lending Bee®, all applications for our lifestage financing loans are kept fast and simple.

  • Step 1: Submit your application via our online application form.
  • Step 2: We will drop you a call regarding your loan application status within the hour.
  • Step 3: Head down to your selected Lending Bee® branch, sign the contract and receive your loan.

How fast can I receive my loan?

We will disburse the funds to you immediately after you have accepted and signed our loan contract at any of our branches.

I have existing loans with other licensed moneylenders / Lending Bee. Am I still eligible for a loan?

Yes, you are still welcome to apply for a loan with us!

Lending Bee® aims to help as many borrowers as possible and provide them with one of the best loan packages in the market.

We are here to serve your needs.

I have a poor credit score. Can I still apply for a local education loan?

Yes, you can still apply for a local education loan with us. We aim to help our borrowers regardless of their credit scores.

This is why we do not have specific restrictions with regard to credit scores.

Will I be charged if I make early repayments?

No, we do not charge any fees for early loan repayments.

Outstanding interests, if any, will also be nullified once you have finished repaying your loan earlier than the date stipulated in your loan contract.

Will my loan documents and information be mailed to my home?

No, we do not mail any of your loan information to your home.

All loan details will be kept digital, and private with us, unless a physical copy is requested.

Additional Resources on Local Education Loans

Here’s How A Study Loan Can Help You Achieve Your Dreams Of Further Education

10 Steps To Creating The Perfect Resume – What To Include & Not To Include In Your Resume

The 7 Major Life Things a Typical Singaporean Spends on in His or Her Life

3 Simple Steps to receive
your instant cash loan

Lending Bee empowers you with the immediate financing that you need.

Submit Online Application

Register an account on our mobile app or simply fill up the loan application form. Takes only 3 mins.

Receive Application Status

Outcome of the loan with the maximum loan amount and tenure will be provided to you in less than an hour.

Fast Cash Disbursement

Head down to your selected Lending Bee® branch, sign the contract and get your money instantly.

Apply Now

Our Latest Customer Reviews

Borrow with confidence. Lending Bee® licensed moneylender has more than 1,900 positive customer reviews on Google Business.

Kit Play
Kit Play
February 10, 2023.
Located at convenient location. Male Staff who attended to me has been very helpful at my request even though I did not meet some requirements and still be able to assist in a suitable amount. Great customer service.
Aaron Ng
Aaron Ng
February 9, 2023.
Fuss free transaction. Officer was friendly and understanding. Recommended!!
Dafi Yo
Dafi Yo
February 4, 2023.
It has been amazing for all of my loans. Thank you!
Vijaya Lakshmi
Vijaya Lakshmi
February 3, 2023.
Ivan was very helpful. Friendly & understanding
Theodora Flueck
Theodora Flueck
February 3, 2023.
Very good fast approval
Ravin dran
Ravin dran
February 2, 2023.
Thanks to Adeline for assisting me. will definitely recommend to others.
toh kokwin
toh kokwin
February 2, 2023.
Friendly and nice staffs. Highly recommended.
Amir Hussain
Amir Hussain
February 2, 2023.
Fast and efficient service. Thank you Adeline for assisting.
Edenn Boi
Edenn Boi
January 12, 2023.
Well deserved for a 5 star review and especially to Ms Lyn and Ms Cindy. Explanation was very thorough, in-depth checks to understand further into your situation and always doing their best in assisting the customer's requests. Importantly they are both very kind and always very helpful. Highly recommended. If you need any assistance pertaining to loans, please feel free to look up for Ms Lyn and Ms Cindy!!!
Lunisa Rajan
Lunisa Rajan
January 10, 2023.
normad awesome

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