Who can apply for the DBS Study Loan?
The DBS Study Loan is available to Singapore citizens, permanent residents, and foreign students enrolled in an MOE-recognized tertiary institution. Applicants must be between the ages of 21 and 60, and students can apply with the support of a guarantor.
The guarantor must have digibank access and be prepared to provide personal details such as NRIC or passport information. DBS makes the application process simple through its online platform, ensuring that both students and guarantors can complete the process with ease. For foreign students with guarantors residing outside Singapore, physical forms may be required through their institutions.
Required Documentation
To apply for the DBS Study Loan, students need to prepare several documents, including a copy of their Letter of Offer from the school and their passport (for foreign students). Guarantors must also have their identification ready, such as an NRIC or passport.
Both the student and the guarantor will need digibank access to complete the online application process. Existing DBS customers can benefit from a simplified application using their prefilled details. Having all documents prepared before starting the application can speed up the approval process, ensuring faster access to the funds needed for your studies.
Tip for You!
When considering the DBS Study Loan, it’s wise to think about how it fits into your broader financial plans. Since this loan offers zero interest during your studies, it’s a great way to avoid accumulating debt early on.
Take advantage of the low initial repayments after graduation, and consider increasing the repayment amount when your finances allow. This can help you pay off the loan faster and save on overall interest. Planning ahead ensures that you can enjoy the benefits of the DBS Study Loan without stress and manage your finances responsibly.
I want to apply for the DBS Study Loan!
Are you ready to take the next step in financing your education? Applying for the DBS Study Loan is easy and designed to get you the support you need quickly. With DBS’s online application platform, you can get started from the comfort of your home. Click below to begin your application and secure the financial backing you need to achieve your academic goals with DBS by your side.