An overview of eligibility criteria for student loans to study in Singapore

1. An overview of eligibility criteria for student loans to study in Singapore Have you dreamed of studying in one of the best universities in Singapore? Many do. But a lack of financial backing causes many students like you from achieving their dreams. This is the exact time when education loans enter the frame. Education loans help students like you to learn at some of the prestigious universities and thus, change the world. In this article, we will explain the eligibility criteria and documents needed for student loans Singapore. Now comes the part of the students and their co-borrowers’ documents for getting student loans for Singapore Student documents required The documents usually required are: 1. A filled education loan application form. 2. Two passport-sized photographs. 3. Student’s identity proof (AADHAR card/ PAN card/ Passport) 4. Student’s residential proof (Electricity bill/ Gas bill/ Water supply bill)

2. 5. Student’s academic mark-sheets and certificates 6. Competitive exam mark-sheets (GRE/TOEFL/ GMAT) 7. Admission proof from the university approved by the lender (Not necessary in special cases like pre-admission education loan) 8. A log of potential expenses the student will have to incur while studying his or her chosen course. Co-borrower documents required The co-borrower’s documents generally required are: 1. Two passport-sized photographs 2. Identity proof (AADHAR card/ PAN card/ Passport) 3. Residential proof (Electricity bill/ Gas bill/ Water supply bill) 4. The details of the loans held presently by the co-borrower. If the co-borrower is a salaried employee then he or she needs to submit these documents additionally: 1. Salary slips of last 3 months. 2. Income tax returns. 3. Salary account statements of the last 6 months. If the co-borrower is self-employed then he or she needs to submit these documents additionally: 1. Qualification certificate (M. Tech certificate if the co-borrower has completed post- graduate studies). 2. Address proof of the business office. 3. Income tax returns. 4. Bank account statement of last 6 months. To get an education loan, you and the co-borrower would have to fulfil the following eligibility criteria:

3. Student eligibility criteria The student must: 1. Be an Indian citizen. 2. Be above 18 years of age. If the student is not then the parents of the guardian would have to apply for a loan on behalf of the student. 3. Display good academic performance. 4. Have applied for a course that has good scope to grow in and earn money. Co-borrower eligibility criteria The co-borrower must: 1. Be an Indian citizen. 2. Have a reliable and stable source of income. 3. Have a good credit score and credit history. 4. Be either a parent or a guardian (Spouses of married people can be considered as co-borrowers as well) So, these are the eligibility criteria to get student loans for Singapore. Do not rely on this article alone to know about education loans. Please consult a financial advisor and an education counselor while planning the finances of your higher education. And put your time in Singapore to good use by studying daily, completing the assignments on time, executing

4. the capstone projects with your best abilities and giving your best efforts in your university exams. All the best! Related Article:- An overview of eligibility criteria for student loans for Australia