First, the application conditions for studying abroad loans in Singapore
When you apply for a study abroad loan in Singapore, you need to meet certain conditions, such as having a guarantor with a Singapore household registration. Only when these conditions are met can you apply. The details are as follows:
1. The borrower has full capacity for civil conduct, and the actual age of the loan due date is no more than 55 years old;
2. The borrower has no violation of laws and regulations, is healthy, and is honest and trustworthy;
3. If the borrower is an overseas student, he should have a permanent residence or other valid residence status at the lender's place before studying abroad;
4. If the borrower is the immediate family member or spouse of the student studying abroad, he shall have a fixed residence or other effective residence in the area controlled by the lender.
Have an identity, a fixed residence, a stable occupation and income source, and the ability to repay the principal and interest on schedule;
5. The borrower shall hold an admission notice or other valid admission certificate issued by the school where the student intends to study abroad;
6. The borrower shall provide property mortgage, pledge or third-party guarantee recognized by the lender. Mortgaged property is currently limited to mortgaged property; Pledged goods are currently limited to government bonds, bank certificates of deposit, corporate bonds and other securities; The guarantor shall be a legal person or natural person with compensatory ability, and be willing to bear joint and several liability for repayment;
7. Other conditions stipulated by the lender.
The loan amount for studying abroad shall not exceed the sum of the equivalent RMB of the registration fee, tuition, living expenses and other necessary expenses specified in the admission notice or other valid admission certificates of foreign study schools, and the maximum amount shall not exceed RMB 500,000. At the same time, the following conditions must be met:
If the mortgaged property can be mortgaged, the loan amount shall not exceed 60% of the value of the mortgaged property recognized by the lender;
Where bonds or bank certificates of deposit are pledged, the loan amount shall not exceed 80% of the pledged property value; Where corporate bonds are pledged, the loan amount shall be determined according to the credit status of the bond issuer, and the amount shall not exceed 60% of the face value of the pledge;
If a third party provides a joint liability guarantee, and the guarantor is a legal person recognized by the bank, the loan can be paid in full; If it is a natural person recognized by the bank, the loan amount shall not exceed 200,000 yuan. The term of the loan for studying abroad shall be determined according to the duration of studying abroad, the income of the borrower and the guarantee ability of the guarantor and collateral, and the longest term shall not exceed six years (including six years).
In addition to studying in Singapore, you can also apply for scholarships and scholarships for studying in Singapore. These do not need to be repaid, nor do they need a guarantor. But you must provide proof of family difficulties, and then the school or the government will award scholarships according to the submitted proof and the students' grades.
Second, the application materials for studying in Singapore
1. Original and photocopy of the applicant's and spouse's ID card, marriage certificate, household registration book or valid residence certificate issued by the competent authority;
2. The valid admission documents such as the admission notice and the admission notice issued by the school for studying abroad and the relevant necessary expenses certificates, and provide my academic credentials;
3. Provide a China citizen with full capacity for civil conduct as the borrower's domestic agent, and provide his domestic agent's ID card, relevant residence certificate and mailing address.
4. If the house property is mortgaged or pledged, the ownership certificate of the mortgaged house property or the original certificate of the pledged property and the certificate that the authorized person (including the owner of the house property) has the same intention to mortgage or pledge shall be provided, and the appraisal certificate of the mortgaged (pledged) property issued by the competent department shall be provided when necessary;
5. If the guarantor is a legal person, it shall issue a written document that the guarantor agrees to guarantee (if the guarantor is a branch of a legal person, it shall also issue a guarantee document authorized by the legal person), the business license of the enterprise as a legal person, the audited financial statements of the previous year and the latest period, and relevant credit certification materials; If the guarantor is a natural person, he shall provide the guarantor's identity card, household registration book, income or property certificate and other credit certificates;
6. Other materials required by the lender.
Third, the guarantee mortgage of studying abroad loan.
There are three main types:
1. Real estate mortgage: the loan amount shall not exceed 60% of the value of collateral recognized by the lender;
2. Pledge: The loan amount shall not exceed 80% of the value of the pledged property.
3. Credit guarantee: if a third party provides joint and several liability guarantee, if the guarantor is a legal person recognized by the bank, it can pay in full; If it is a natural person recognized by the bank, the loan amount shall not exceed 200,000 yuan.