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’! 

 

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