4 GREAT Perks Of Opting For An Overseas Study Loan For

 

Singapore or the ‘City of Lions’ as it is called, is an exciting destination to consider if you are planning to pursue your higher studies in a foreign country. However, many students hoping to study in Singapore may face a challenge in the form of a lack of funds. Singaporean universities often have high fees that may not be within the budget for everyone. One way to deal with the high fees is to opt for a study loan. In this article, we take a look at 5 benefits of opting for an overseas study loan for Singapore. 

 


1. A study loan will also cover your living expenses in Singapore

 

Living in Singapore is a costly affair to a certain extent. So, when you are studying in your dream Singaporean university, you may have to shell out a considerable amount of money for living expenses as well. However, if you take a good overseas study loan, then you do not have to worry about this cost as they might be covered under the loan itself. So, any rent expenses, dormitory charges, and so on will be taken care of. 

 

2. An overseas study loan can provide 100% financing 

 

When you opt for a study loan for Singapore from leading lenders, you do not have to worry about arranging the margin money at all. For the uninitiated, the margin money refers to the amount that the borrower has to pay from their own pocket. It is usually around 20-30% of the total expenses. However, lenders of today understand that some students might find it difficult to source this margin money. That is why they provide 100% financing. 

 

3. An overseas study loan covers travel fare as well

 

Another great perk of opting for a study loan is that if you choose the right lender, you will get funding for the travel fare as well. So, your flight charges to Singapore will be covered under the overseas study loan that you take. This is a great relief as such charges can be very high, often going into multiples of 10,000. 

 

4. You have the option of choosing from a host of courses 

 

Singapore has multiple universities that offer degrees and diplomas in a variety of subjects. For the business-oriented, there are always the business studies programs. Engineering and medical studies are also the top choices. In the last few years though, newer types of courses such as linguistic studies, design courses, media and filmmaking, and so on have also gained traction. So, if you have an interest in these courses but are looking for a way to get funding to study them in Singapore, then an overseas study loan can be a truly beneficial option. 

 


If you run a search for ‘overseas education loan Singapore’, you will find that the coverage of each lender might be different. Loan lenders vary in their approach towards loans and that is why it is important to read the terms and conditions before you go ahead with an overseas study loan. We wish you all the luck in the ‘City of Lions’! 

 

Original Source - 4 GREAT Perks Of Opting For An Overseas Study Loan For Singapore

Comments

Post a Comment

Popular posts from this blog

How to calculate your MBA education loan EMI value?

Image
  Do you want to earn an MBA degree? If yes, then study hard in your undergraduate years and clear the MBA entrance exam with flying colours. Along with that, find different ways to fund your MBA education. Many students confirm their seat at B-schools by taking an education loan for MBA studies to pay its fees because pursuing an MBA degree is an expensive affair. To help you estimate your total MBA education costs and help you estimate the EMI values to repay it, we have written this blog. Let us look at the costs you would want your education loan to cover. First, you will need money to pay your course tuition fees every year of the course. If your MBA college is not in your hometown then you will have to relocate to a hostel near your college. You will need money to travel to the city where your college is based. You will need money to sustain a good lifestyle in that city for the duration of your MBA course. If you need to relocate to a foreign city for your MBA educati...
Read more

3 features of education loans for the wards of defence forces

Image
  The defence forces of India spend tiresome sleepless nights defending the borders of our country against all kinds of external threats. They look after the safety of the Indian land, the Indian nautical borders, and the Indian airspace. And most of all, they are there to guard Indian interests—be it in the Indian mainland or away from its shores. At times, these men and women sacrifice their lives in the line of duty. The men and women in the defence forces have families and they are not able to be there with them all the time. To help make the future of the wards of these men and women bright, lenders offer education loans. These education loans are aimed at helping those wards achieve their higher education aspirations with flying colours. In this article, we will tell you the features of these overseas education loans—even known as privilege loans. Zero processing fees To keep the cost of the debt in control for those wards, some lenders offer the education loan for stu...
Read more

5 Features to look for in education loans

Image
  Education loans have helped many deserving students get the opportunity to study the course of their dreams. But you need to know what to look for in an education loan to ensure that you get the right funding. In this article, we will tell you the 5 features to look for in an education loans .   Covering all education expenses Education loans should not leave students jumbled about how to manage the finances of their education. They should cover up all the expenses of students’ education. From the students’ course tuition fee to their travel expenses, the lodging and boarding expenses, the exam fee, the library fee, the stationery and laptop expenses and so on.   So, look for an education loan that pays all your education expenses and hence, allows you to focus on your studies.   Lower interest rate The interest rate levied on the students’ education loans in India is generally between 9-14%. The interest rate directly affects the amount of ...
Read more