Local Education Loan
Education is the key to success. Realize your dream with our Education loan. TCC Credit Co-operative offers low-interest education loan for students and parents to assist in paying high education costs.
Maximum loan amount:
Up to 100% of the course fees. Amount will be disbursed on a semester basis.
Repayment period:
Remaining course duration + 24 months
Interest rate:
2.2%p.a. flat rate for loans having a repayment period stated above.
An additional 0.5%p.a. will be added to the interest for every 12 months extension repayment period, subjected to TCC Ltd’s approval.
Eligibility Criteria
Main and Joint Applicant:
- Singapore Citizen or Singapore Permanent Resident
- Age between 21 and 60 years old
- Must be a TCC Ltd’s member, membership is FREE
- Earning a minimum monthly basic salary of $1,200
- Should not be existing surety for any other loans from TCC
Surety/ Sureties:
- Singapore Citizen
- Age between 21 and 55 years old
- Must be a TCC Ltd’s member, membership is FREE
- Earning a minimum monthly basic salary of $2,000
- Should not be an existing surety for any other loans from TCC