Overseas Education Loan

Although the number of Singaporean studying abroad is steadily increasing, but people are still under the impression that study abroad programs are just for the privileged. With TCC’s Overseas Education loan, studying abroad is never a dream now!

Maximum loan amount:
Up to 100% of the course fees or $60,000, whichever is lower. Amount will be disbursed on a semester basis.

Repayment period:
Up to 60 months for Principal and Interest Servicing Scheme.

Up to 36 months (after study period) for Interest Servicing Scheme.

Interest rate:
4.5% p.a. flat rate for loans having a repayment period stated above. 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 $1,500
  • Should not be an existing surety for any other loans from TCC