There’s a few criteria you must meet in order to qualify for an education loan:
- You need to be a Singaporean or a Permanent resident
- You must have an income of at least $12,000 p.a.
- If you are not employed, your parents or a sponsor can apply for the loan on your behalf
- You can file a joint application with 2 or more sponsors
- Your loan guarantor should have an income of at least $30,000 p.a.