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Education Loan Singapore

Facilitating Lifelong Learning

Instant Education Loan

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What is an Education Loan?

An education loan in Singapore is designed to provide financial support to working adults who wish to upgrade their skills or pursue further education, such as a diploma or degree while maintaining employment. These loans cover various educational costs for local and overseas studies, including tuition fees, textbooks, and other related expenses.

Whether you want to advance your career through short courses or achieve a higher qualification, an education loan can offer the necessary financial assistance for your lifelong learning journey. These loans are tailored to make higher education more accessible by allowing you to spread the cost over a manageable period.

Moreover, with an education loan, you can repay your educational expenses in installments, easing the financial burden and making investing in your professional development feasible, even in Singapore's high education costs.

Best Education Loan in Singapore

To find the best education loan in Singapore, comparing options available from banks, government schemes, and licensed money lenders is crucial. Each option has unique features that cater to various financial needs and circumstances.

Bank Loan: Banks offer education or student loans with competitive interest rates and flexible repayment options. These loans typically allow borrowing up to 10 times your monthly income, making them suitable for covering substantial educational expenses.

CPF Education Loan Scheme: This government scheme allows you to use your CPF savings to pay for your education. However, only full-time subsidised diploma/degree courses at Approved Educational Institutions (AEIs) are covered under this loan scheme. The student would need to start repaying the principal amount withdrawn plus the accrued interest in cash, to your CPF account, one year after graduation or termination of studies, whichever is earlier.

Licensed Money Lenders: Licensed money lenders like Quick Loan offer a simplified and fast approval process with personalised customer service. We focus on providing flexible repayment options tailored for education expenses, making us a convenient alternative for fast and straightforward financing.

Why Take an Education Loan With Us?

Flexible and Personalised

As a reputable licensed money lender in Singapore, licensed by the Registry of Moneylenders and compliant with the Moneylenders Act, we offer flexible repayment plans to fit your unique needs and circumstances. You’ll also get a dedicated loan officer who’ll support you throughout your loan process with us.

Affordable Repayment

Since our repayment plans are tailored based on your salary and needs, you can expect more affordable repayment. At the same time, we keep our interest rates low, making it easier for you to repay the loan without incurring excessive costs. This combination of personalised repayment plans and competitive interest rates makes our education loans a financially sound choice.

Effortless Application Process

Unlike banks, we offer instant education loan approval in just 20 minutes. We understand the urgency of your needs and aim to provide quick and efficient service, ensuring you get the funds you need without unnecessary delays. Our streamlined process is designed to make borrowing as straightforward and hassle-free as possible.

instant fsat cash loan

Clear and Transparent Services

We take the time to understand your unique needs and financial situation before recommending a loan. Our experienced staff will explain the loan terms and conditions clearly and straightforwardly, ensuring all your questions are answered.

We’re Ready to Support Your Financial Needs

30-minute

loan approvals

6X

your monthly salary

No guarantor

required

Cash

disbursed on the spot

Licensed

by Registry of Moneylenders

We’re Ready to Support Your Financial Needs

30-minute loan approvals

6X your montly salary

No guarantor required

Cash disbursed on the spot

Licensed by Registry of Moneylenders

Minimum Criteria

Here are the requirements for taking an education loan with us:

Minimum age:

18 years old

Minimum salary:

$1,800 for Singaporeans/PRs and foreigners

Documents We’ll Need

Singaporeans/PR

Singaporeans or PRs need to present the following:

NRIC

Singpass

If renting, provide both:

  • Your tenancy agreement
  • Proof of address such as your phone bill or utility bill

Payslips for the last three months, if available

Bank Token

Foreigners

Foreigners need to present the following:

S Pass / Employment Pass / Work Permit with a minimum 6-month validity

Passport

Residence information in the form of both:

  • Phone bill or utility bill
  • Tenancy agreement

Payslips for the last three months, if available

Bank Token

Employment contract

Staff card

3 Easy Steps to Applying for a Loan

Apply

Apply online

Apply at our office

Apply via Whatsapp

Free Consultation and
Signing of Agreement

Consult with us at our office, present required documents and sign the loan contract

Receive Cash

Get your cash on the spot with trusted & licensed money lender Singapore!

Apply

Apply online

Apply at our office

Apply via Whatsapp

Free Consultation and Signing of Agreement

Consult with us at our office, present required documents and sign the loan contract

Receive Cash

Get your cash on the spot!
Hear From Our Happy Borrowers

4.9

5/5

Google Reviews

5/5

Highly Recommended!

First time borrowing money from a moneylender, was a simple process and repayments are surprisingly affordable! Will come back again if need other funding in the future, highly recommend!

Kimberly Lim
5/5

Thanks for helping me!

Very good service. I have been with them for many years and they always provide me professional advices. Thank you for your help whenever I need money to settle urgent bills. Will definitely come back again.

Yau Soon Tin
5/5

Good Service

Borrowed from several money lenders before but this one was probably the best! Fast response to my questions via their whatsapp always and good service.

Emily Toh
5/5

I've been their customer for a long time. Their requirements are simple, processing is fast and easy. Employees are friendly and efficient. I never go anywhere else for my financial needs.

Desiree Ann Rancudo
5/5

3rd time going back to them. They always gave me the best service amongst all the different lenders in that area.They had always been patient and friendly with all my queries and requests. Interest rate is also very competitive.
Would keep going back in the future.

Jay Chan
5/5

Highly recommended! I love how their customer service is. They are very opened. They even advised me accordingly what i can do. They always asked how much we are comfortable paying monthly. Thank you quickloan for always there when in need!

Dina Mariana Abdullah
FAQ About Education Loan

There are several options for obtaining an education loan in Singapore. Your loan amount will depend on the lender of your choice and your loan eligibility. 

 

As a licensed moneylender, we can provide you with an education loan worth up to six times your monthly salary. For example, if your income is SGD3,000 a month, your maximum loan amount can potentially total SGD18,000. 

 

We also offer a convenient application process, allowing you to get your funds in 30 minutes. This makes us a great option if you need funds urgently. 

 

You can apply online on our website, through WhatsApp or by visiting our office.

An education or study loan is a form of personal loan that can help finance your higher studies or your children’s schooling. 

 

Education can be a costly investment, especially if you’re attending a tertiary education institution or planning to study abroad. Taking out an education loan from a licensed moneylender can help offset the costs of fees, lodging, books and travel. 

 

Your education loan will be repaid just like a personal loan, in monthly instalments with interest. 


As a licensed moneylender in Singapore, we can provide you with an education loan at low interest rates through a quick and convenient application process.

While you can obtain different student loan plans from banks, licensed moneylenders are also an excellent option for an education loan. 

 

This is because licensed moneylenders like us provide fast cash at low interest rates. We can provide the funds you need in as little as 30 minutes. We’ll also help tailor your repayment plan to accommodate your financial situation. 

 

At Quick Loan, you can be confident that your funds are coming from a reputable source. All licensed moneylenders in Singapore are listed in the Registry of Moneylenders and subject to the Moneylenders Act. 

 

Our loan services and processes are regulated carefully, and we have strict limits on interest rates, fees and general conduct relating to our clients. 

If you decide to obtain an education loan from a licensed moneylender, you can take advantage of the flexible study loan repayment options available at Quick Loan.  

 

You may choose to repay your education loan over the agreed period or loan tenure. These payments will be in the form of fixed monthly instalments. 

 

Those with sufficient income, savings or external financial support can consider a standard and shorter loan payment plan. Paying off your loan quickly also helps you save on interest.


Talk to us to learn more about repaying your education loan.

Education or student loan requirements differ depending on your chosen licensed moneylender and your financial situation.  

 

At Quick Loan, you can apply for an education loan as long as you are 18 or older, with a minimum monthly income of SGD1,800. 

 

You may apply online on our website, through WhatsApp or visit our office

 

Singaporeans and PRs must provide us with their NRIC, SingPass, proof of residency, payslips and bank tokens. 

 

Foreign applicants must present their valid Employment Pass, S Pass, or work permit, along with their passport. We also require your residence information, payslips, bank token, employment contract and staff card. 


You can also explore our loan services for other big-ticket items, such as a medical bills loan.

Yes, you can use an education loan to fund part-time or online courses in Singapore, though the availability and terms may vary depending on the lender.

At Quick Loan, our customer service officers are dedicated to helping you find the best loan options tailored to your educational needs, including part-time and online programs. Our team is here to support you in exploring all available options and securing the most suitable loan for your educational journey.

At Quick Loan, we are committed to simplicity and transparency. As the best moneylender in Singapore, we offer instant personal loan approval in 20 minutes as well as immediate cash disbursement once your loan is approved.

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