Study in Singapore with Fast & Flexible Overseas Education Loans

Singapore is rapidly becoming a top destination for Indian students, boasting 17,000+ enrollments, representing an 87% rise in demand from India. With its globally ranked universities, English-language programmes, safe environment, and strong job market, Singapore offers one of the smartest choices for higher education abroad.

Even though Singapore’s cost may be lower than the U.S., U.K., or Canada, you still need smart financing. That’s where a student loan for Singapore comes in. If you’re looking for a low-interest overseas education loan, a no collateral education loan for abroad studies, or a platform offering fast education loan approval, PayStudy has you covered: a digital education loan platform built for students looking for funding for education loan for international universitiesand education loan for top overseas colleges.

Cost of Studying in Singapore

Let’s break down the two main components: tuition fees and living expenses.

Tuition Fees

Programme	Annual Tuition (SGD)
Bachelor’s Degree	SGD 25,000 – 35,000
Master’s Degree	SGD 30,000 – 45,000
MBA Programme	SGD 45,000 – 55,000

Living & Other Expenses (Monthly Estimate)

Expense Category	Cost (SGD/month)
Accommodation	1,000 – 2,000
Food	150 – 170
Transport	80 – 120
Utilities	90 – 120
Miscellaneous	150 – 200

With these figures, your total study budget in Singapore can reach several lakhs INR. A well-planned education loan for Singapore ensures you remain financially secure and focus on your studies, not budgets.

Education Loan Options for Singapore Students

Secured Education Loans (Collateral-Based):

Ideal if you can pledge property, FDs or other assets. These loans give you larger amounts, better rates, and longer tenure which is perfect if you’re targeting top institutions.

No Collateral Education Loans for Abroad Studies (Unsecured):

Designed for students without assets to pledge. These options rely more on academic merit, co-applicant’s income and credit. With PayStudy, you’ll find the best lenders offering student loan for studying abroad with minimal security hassles.

Leading Lenders for Singapore Student Loans

Lender	Max Loan (INR)	Interest Rate	Margin Money
SBI	Up to ₹1.5 Cr	Female ~9.65% / Male ~10.15%	10%
UBI	Up to ₹1.5 Cr	~9.25% – 9.75%	10% (listed uni) / 15% (non-listed)
Axis Bank	Up to ₹50 Lakhs	11% – 13.50%	5%
ICICI Bank	Up to ₹50 Lakhs	10.85% – 12.50%	0% – 15%
IDFC FIRST Bank	Up to ₹35 Lakhs	11.75% – 13.25%	Nil
HDFC Credila	Up to ₹20 Lakhs*	12% – 13%	Nil
Auxilo / Avanse	Up to ₹20–40 Lakhs	12.50% – 13.50%	Nil
MPOWER Financing	Up to $100,000 USD	From ~9.99%	Nil

*Some lenders may restrict to STEM or business streams.

Eligibility Criteria

To secure an education loan for Singapore, typically you must:

Be an Indian citizen, aged 18+
Have secured admission in a full-time programme in a reputable Singapore university
Provide English proficiency test scores
For unsecured loans: have a strong co-applicant (income + credit)
For secured loans: provide collateral of required value