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.

Apply Now

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, do a face-to-face verification, 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.

Virginia N R
Virginia N R
30 November 2023
Mr Soh was clearly explaining to me about the loan payment. He was very friendly and easy to converse with. Thank you! ☺️
Aseanwriter
Aseanwriter
25 November 2023
Soh is friendly and helpful, explains well
YH Ms
YH Ms
23 November 2023
Mr. Soh very professional
Leila
Leila
23 November 2023
I was serve by Dominic..
Aliff luffy
Aliff luffy
22 November 2023
Ok lah there never discriminate Malay.. very easy to get loan here if u Malay rather the go else where around here.. ? Better choose lending bee
Deetot Mario
Deetot Mario
21 November 2023
Thank you mr soh. Fast and steady 👍🏼👍🏼
Muhammad nuh
Muhammad nuh
19 November 2023
Ms soh good service
Coleen Ortiaga
Coleen Ortiaga
19 November 2023
Mr. Soh is very helpful and accommodating.
AQIL INAYAT
AQIL INAYAT
19 November 2023
My agent Soh has been very nice and helpful the process was very quick and efficient i would definitely come here again
Jae Town
Jae Town
18 November 2023
Good and fast service!

Start Using Our App Today!

Unlock generous rewards & receive loan updates on the go.


Manage your budget and
avoid overspending

Set a monthly budget and take control of your finances with the Lending Bee® app. Turn alerts and reminders on to avoid exceeding your budget.

Earn diamonds and exchange
them for attractive rewards

Every successful loan application grants you diamonds which you can use to unlock attractive rewards and vouchers!

Your loan details
in a single platform

Receive convenient access to all your active and completed loans. Turn alerts and reminders on to avoid missing out on repayments.

Stay up to date with
the latest financial news

Stay on top of your finances and improve your financial literacy with the latest and exclusive financial updates from reputable news sources.

Can’t Find What You Are Looking For?

Check out our other available help options below.

Borrow With Confidence. With Us, You Can.

With our help, make progress in your life today.