Education Loan Calculator Singapore

Plan your student loan repayments for Singapore universities and overseas studies. Compare bank education loan rates for NUS, NTU, SMU and more.

· Free · No sign-up required

How to use:① Enter your loan amount using the slider or type directly② Adjust the interest rate to match your bank's offer③ View your monthly repayment and full schedule instantly

Loan Details

Education Loan Amount
S$
S$5,000S$150,000
Interest Rate (p.a.)
%
1%8%
Loan Tenure8 yrs
1 yr10 yrs
Your Estimate
Monthly Repayment
S$434.81
8 years · 96 monthly payments
16%interest
Principal
S$35,000
Interest
S$6,742
Total RepaymentS$41,742.07
Total InterestS$6,742.07
Loan AmountS$35,000
Interest Rate4.50% p.a.
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At 4.5% p.a. over 8 years, you pay 19% extra in interest on top of your principal.

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Show this estimate to your bank or mortgage broker. Actual rates may vary based on your credit profile.

✅

Monthly repayment S$434.81 must be within 55% TDSR limit of your gross income (MAS rule).

About Education Loan Calculator Singapore

Education loans (study loans) in Singapore help students finance tuition fees and living expenses for local and overseas universities. MOE-subsidized loans like the Tuition Fee Loan (TFL) and Study Loan offer lower rates for eligible Singapore citizens. Bank education loans from DBS, OCBC, and Maybank cover private institutions.

How This Education Loan Calculator Singapore Works

This calculator uses the standard amortisation formula — the same one Singapore banks use to build your repayment schedule. Interest each month is charged only on the balance still outstanding, so the interest portion of your instalment shrinks over time while the principal portion grows, even though the instalment itself stays level.

Amortisation formula

M = P × i × (1 + i)n ÷ [(1 + i)n − 1]

M = monthly instalment · P = loan amount · i = annual rate ÷ 12 · n = tenure in months

Worked example

On a S$35,000 education loan at 4.5% p.a. over 8 years, this calculator returns a monthly instalment of S$435. Across the full tenure you repay S$41,742 in total, of which S$6,742 is interest — 19.3% on top of what you borrowed.

Change any input above and the schedule recalculates instantly. The result is an estimate based on the rate you enter — it excludes legal fees, valuation fees, fire insurance and any lock-in penalties, and it is not a loan offer or a statement of what you will be approved for.

Sources & Last Reviewed

Regulatory limits and indicative bank rates on this page were last reviewed on . Bank rates are indicative and change frequently — always confirm the current rate directly with the lender before committing. This calculator is an estimate, not a loan offer.

Education Loan Calculator Singapore — Frequently Asked Questions

Common questions about education loan calculator singapore in Singapore.