Music Education Loan

Want your child to become a musician? Lending Bee® music education loan helps to pay for all the music courses, lessons, and expensive musical instruments. We offer unsecured loans up to $80,000 SGD with longer loan tenures.

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What is a Music Education Loan?

Music is the universal language.


Just like the costs of education in Singapore, learning music in Singapore is not cheap. Lending Bee’s music education loan provides you with the necessary finances for music courses, lessons, instruments and any other costs that materializes.


Be it private lessons, purchasing a $10k violin, a $80k grand piano, signing up for a music diploma or degree, Lending Bee is ready to walk the journey with you.


The overall cost of music lessons in Singapore increases as the student progresses. Fees are different for beginners, for grade 8 students, for those pursuing music diplomas and degrees.


If you are hesitant about pursuing music because of the fees, our music education loan can help you!


Benefits of a Music Education Loan with Lending Bee®

Our music education loans stand out as we provide our borrowers with a wide range of unique benefits.

Better and improved
credit scores

Flexible
loan tenures

Ease of application
and approval

Increased
convenience

FAQ on Lending Bee's Music Education Loans

Frequently Asked Questions

What is a music education loan?

A music education loan covers all the costs of learning and mastering an instrument or musical skill. There are no restrictions on any course or type of instrument.

You may use the loan to purchase a grand piano, pay for your music lessons, purchase recording equipment or for your music diploma / degree.

Don’t let the lack of finances limit potential. Lending Bee® is here to help!

What are some uses of a music loan?

Lending Bee’s music education loan provides you with high flexibility. You can use the loan for:

  • Music lessons
  • Instrument purchase
  • Audio equipment rental
  • Performance outfits and necessities
  • Music diploma / degree course fees
  • Any music related costs

 

How do your music loans different from other financial institutions?

The three main differentiating factors are:

  • Speed
  • Ease of application
  • Service rendered

Lending Bee provides fast financial services, and we warmly welcome all borrowers.

We aim to provide our valued customers with the best financial services and meet their expectations.

Throughout your entire loan journey, our professional and helpful loan officers will be there to guide you and we promise that there will be no hard selling involved.

It’s never too late or too early to pick up an instrument. You’ll be impressed by the benefits learning music brings and you’d wish you had started sooner.

What instruments can I use my music education loan for?

Anything you’d like! There are no restrictions to which instrument you choose to learn, or which music course you sign up for.

Be it the piano, violin, guitar, drums, flute or vocals, it is entirely up to you.

What are the things to consider before applying for a music education loan?

1. Type of loan required

Before you enter into any loan contract, it is important to discern between secured and unsecured loans.

  • Unsecured loans have a lower borrowing threshold. However, they do not require collateral.
  • Secured loans have a higher borrowing threshold. However, they require collateral.


2. Interest rates

Ensure that you are getting the best interest rates as they will significantly affect your monthly repayments.

Additionally, there may be hidden fees that you might be unaware of:

  • Origination fees
  • Service fees
  • Underwriting fees

Lending Bee® does not practice any of such fees. Additional fees, if any, will be made known to you before you sign your loan contract. 

3. Loan tenure

Your loan tenure will also have an impact on the cost of your total loan.

Ensure that you work with a loan tenure that is comfortable with you so that you can make comfortable repayments.

4. Your current financial situation

This is going to be the most vital factor.

Know where you currently stand in your finances so that you will be able to make better financial decisions, especially on the loan amount that you are looking to apply for.

Who is eligible for a music education loan?

To qualify for a 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 old
  • Be permanently employed for at least 3 months

What documents are required to obtain a 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 music education loan like?

At Lending Bee®, all applications for our 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 music education loan?

Yes, you can still apply for a music 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.

What are the benefits of choosing music?

Young or old, we all love music. Not only does music bring joy, but it is also a good form of investment and a profitable career choice.

Teaching music in Singapore generates a stable source of income. The purchase and sale of musical instruments in Singapore also makes a lucrative business.

Does making an enquiry mean that I have to commit to a loan?

Definitely no!

You are most definitely not obliged to commit to a loan after making an enquiry. You will complete your loan contract only if you are comfortable with everything.

Please feel free to connect with us via our live chat at the bottom right corner, or call us at 6219 1611.

Additional Resources on Music 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

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.

Vn Vn
Vn Vn
March 1, 2023.
derek has been really welcoming and friendly! thank you for the kind service!
Roger Sim
Roger Sim
March 1, 2023.
Friendly and effective staff - derek
Ken Mong
Ken Mong
March 1, 2023.
Great help and patient explanation from Derrick. This company does help to settle my debts issue with consolidation.
Gerald Tan
Gerald Tan
March 1, 2023.
Went through details with Norman from Orchard lending bee. Friendly , explains clearly and hassle free experience.
Royston Lim
Royston Lim
March 1, 2023.
Very professional, friendly and patient as well as sound sincere and genuine
Arvind Palaniappan
Arvind Palaniappan
February 28, 2023.
Helpful officers and clear process
Lala Oh
Lala Oh
February 27, 2023.
Thank you for the advice and explanation on my loan! :)

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