5 tips to fill the application form of an education loan to study in Singapore

 

Higher education helps make a student’s future bright and strong. It helps the student to learn the skills specific to his or her specialization and thus, moulds the student into a finely crafted professional. But higher education is expensive—especially in Singapore—and to study such courses students need to take education loans. To improve your chances of getting an education loan to study in Singapore, we have created this article. Here we will tell you 5 tips to fill the education loan application form correctly and thus, gather funds for your higher education in Singapore.

 

 

  1. Check the eligibility criteria

The first step in getting an education loan to study in Singapore is to check the eligibility criteria and see if you fulfil it. Check if you have documents that prove your age, your citizenship and your academic record. Also check the other criteria of the lender for you to be eligible to fill the loan’s application form.

 

You may also check the education loan amount you are eligible for using an education loan eligibility calculator. Just put in appropriate details in the right fields, press the calculate button and you will get the maximum amount of money you are eligible for, in the result field.

 


  1. Read terms and conditions carefully

The next step is to read the terms and conditions of the lender to get an education loan. In the terms and conditions, read the benefits you would get from the education loan, the conditions that allow you to enjoy those benefits, and the conditions that exclude you from the benefits.

 

If you need a special condition, like the involvement of a third-party FOREX vendor to convert the loan amount from Indian Rupees to Singapore Dollar, then ask the lender to add that condition in the terms and conditions of your education loan agreement.

 



  1. Fill correct information in the application form

Fill correct information in the education loan application form. Spell your name, your residential address, your contact details and other information correctly in the form. Spell your co-borrower’s details correctly as well.

 

Fill the details like the amount of education loan you want, the types of expenses that you may incur while studying in Singapore, and the total of those costs in the application form. Fill any other extra information if you are asked to.

 

 



  1. Provide relevant documents

The penultimate step is to give the documents the lender asked you to attach with the application form of the education loan to study in Singapore. Provide relevant documents like your Identity cards (AADHAR card, PAN card) and your residential proof, your co-borrower’s tax returns, your academic mark sheets and certificates.

 



  1. In case of a secured loan, provide collateral documents

This is the last step. If you have opted for a secured loan then provide the details and documents of the financial assets that you have pledged as security against the education loan amount.

 

Please provide legit documents only. Do not give incorrect or forged documents to the lender or else you may be barred from getting a study loan.

 

So, these are the 5 tips to follow while filling an application for an education loan to study in Singapore. All the best!

 

Comments

  1. Jennifer K RobertMay 14, 2021 at 9:00 AM

    Hi everyone, I saw comments from people who had already got their loan from Anderson Loan Finance. Honestly, I thought it was a scam, and then I decided to make a request based on their recommendations. A few days ago, I confirmed in my personal bank account amounting to $15,000 dollars which I applied for. This is really a good news and I am so very happy that I advise all those who need a real loan and who are sure to reimburse to apply through their email (text or call) +1 719 629 0982. There are sincere loan lenders! They are capable to lend you a loan. Contact Mr Anderson E-mail: andersonraymondloanfinance@gmail.com

    Phone: +1 719 629 0982


    E-mail: andersonraymondloanfinance@gmail.com

    Office address is (68 Fremont Ave Penrose CO, 812400).

    ReplyDelete

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