Eligibility criteria to get a student loan to study in Singapore

1. E Eligibility criteria to get ligibility criteria to get a a student loan to student loan to study in Singapore study in Singapore Many students aspire to complete their higher studies in Singapore. Have you aspired to do so too? Then you may know that pursuing higher education in Singapore is an expensive affair. Many students look for student loans to study at some of the prestigious universities in Singapore. In this article, we will tell you the eligibility criteria to get a student loan to study in Singapore Singapore. To get a student loan, you and your co-borrower would have to fulfil the following eligibility criteria: Student eligibili Student eligibility criteria ty criteria The student must: - Be an Indian citizen. - Be above 18 years of age. If the student is not above 18 years of age then the parents of the student would have to apply for a student loan on the behalf of the student. - Display good academic performance. - Have an admission proof into a college approved by the lender. - Have applied for a course that is widely acclaimed, and job-oriented. Co Co- -borrower eligibility criteria borrower eligibility criteria If a student has applied for a full-time course then he or she needs a co-borrower to get a student loan student loan to study in Singapore. A co-borrower in most cases is either the student’s parents or guardian. A spouse can be a co-borrower as well. The repayment of the student loan lies on study in to get a

2. the co-borrower’s shoulder if the student is unable to pay back the loan after completing their higher education. The co-borrower must: - Be an Indian citizen. - Have a reliable income source. - Have a good credit score. - Have a good credit history. Once you fulfil the eligibility criteria then you have to submit your and your co-borrower’s documents that are required to get a student loan to study in Singapore. Student documents required Student documents required The student documents usually required to get a loan are: - A filled student loan application form. - Couple of passport-sized photographs. - Identity proof (AADHAR card/ PAN card/ Passport) - Residential proof (Electricity bill/ Gas bill/ Water supply bill) - Academic mark-sheets and certificates - Competitive exam mark-sheets (GRE/TOEFL/ GMAT) - Admission proof into the university approved by the lender - A log of potential expenses that the student will incur while studying the course Co Co- -borrower documents required borrower documents required The co-borrower’s documents generally required are: - Couple of passport-sized photographs. - Identity proof (AADHAR card/ PAN card/ Passport) - Residential proof (Electricity bill/ Gas bill/ Water supply bill) - The details of the existing loans of the co-borrower If the co-borrower is a salaried employee, then they need to submit these documents additionally: - Salary slips of last 3 months - Income tax returns - Salary account statements of the last 6 months If the co-borrower is self-employed then they need to submit these documents additionally: - Qualification certificate (B.A certificate if the co-borrower is an Arts graduate) - Address proof of their business office - Income tax returns - Bank account statement of last 6 months

3. So, this was the eligibility criteria and the documents required to apply for a student loan to study in Singapore. We hope that after reading this article, you have a better understanding about the eligibility conditions to get a student loan to finance your higher studies. All the best!