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

Our Latest Customer Reviews

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

Afir 79
Afir 79
November 23, 2022.
I was served by Samantha at Jurong Branch. She was very polite and explain every single detail clearly.Thank you very much for your help.
Frankie Huang Jianwei
Frankie Huang Jianwei
November 22, 2022.
HI lending Bee....can I enquire about a loan for 15K what is the processing fee and the interest rate on ur side? Previously sucessful Borrower/Return with GScredit.......
Nad Irah
Nad Irah
November 18, 2022.
Very understanding and does their best to accomodate and help you as much as they can. The ambience when you come in is not scary or judgey : very welcoming and calm. Thank you to Boon from JE outlet for helping me with my application!
Azmi Ali
Azmi Ali
November 14, 2022.
very professional & swiftly processed.thank you lending bee!
Ari Izza
Ari Izza
November 12, 2022.
friendly staff, assisted with the help i needed.. was assisted by Boon.
Nur Qistinaa
Nur Qistinaa
November 12, 2022.
understanding and explained every details needed.
Martin Tin87
Martin Tin87
November 10, 2022.
Thank you very much
KeanChang Chau
KeanChang Chau
November 7, 2022.
Very detailed explanation by boon, I'm clear to what are the rates and things to look out for taking up a loan. Definitely making me understand about my situation regarding the payout.
Mohammad Zulhaiqal
Mohammad Zulhaiqal
November 6, 2022.
Straight forward with the details, easy to understand and very friendly.

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