<![CDATA[Study Loan -Interest Free for Local University &amp; Polytechnic]]>Can anybody kind enough to explain how does this Study Loan Interest Free for Local University/Poly works....


Thank you in Advance... ๐Ÿ˜„

:thankyou:

]]>https://forum.kiasuparents.com/topic/33760/study-loan-interest-free-for-local-university-amp-polytechnicRSS for NodeFri, 01 May 2026 10:17:11 GMTFri, 30 Mar 2012 10:19:43 GMT60<![CDATA[Reply to Study Loan -Interest Free for Local University &amp; Polytechnic on Mon, 26 Nov 2012 18:29:39 GMT]]>And to add onto what wiimum said, when choosing your institution, make sure it's on the banks' list of approved educational institutions. That's one of the criteria you have to meet for dbs' http://www.dbs.com.sg/personal/loans/study-loan/default.page and also your study period cannot exceed 5 years. If not the interest starts.

]]>https://forum.kiasuparents.com/post/908746https://forum.kiasuparents.com/post/908746Mon, 26 Nov 2012 18:29:39 GMT<![CDATA[Reply to Study Loan -Interest Free for Local University &amp; Polytechnic on Sat, 16 Jun 2012 15:51:20 GMT]]>It just meant during the course of study. No interest will be charge. After Graduation interest would starts in about 1 monthโ€™s time.

]]>https://forum.kiasuparents.com/post/778938https://forum.kiasuparents.com/post/778938Sat, 16 Jun 2012 15:51:20 GMT<![CDATA[Reply to Study Loan -Interest Free for Local University &amp; Polytechnic on Fri, 30 Mar 2012 13:07:06 GMT]]>

dolphinsiah:
Can anybody kind enough to explain how does this Study Loan Interest Free for Local University/Poly works....


Thank you in Advance... ๐Ÿ˜„

:thankyou:
What I know is that the loan is interest free during the years that the student is studying. The interest will kick in at the point when the student graduates.
So for a student who needs help financially this will really help fund the studies and upon graduation slowly pay back the loan (the interest starts at point of graduation).
But I do know of people who have the means for the fees still taking the loan but pay off the loan immediately upon graduation. I guess this makes a difference if the interest in savings is more. However in today's low interest environment, it doesn't really matter.

At the end of the day, it is important to read the fine print prior to taking up the loan. Just my 2 cents.

]]>https://forum.kiasuparents.com/post/738427https://forum.kiasuparents.com/post/738427Fri, 30 Mar 2012 13:07:06 GMT