Need a tuition fee loan for my child...

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

Need a tuition fee loan for my child...

Postby mumzmummy » Wed Oct 01, 2014 2:08 pm

Need a tuition fee loan for my child. Do I have an option which can provide me a loan at low levels of interest?

mumzmummy
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Re: Need a tuition fee loan for my child...

Postby BlueBells » Wed Oct 01, 2014 2:25 pm

Understand from one ex-intern that tuition fee loan is 0% interest to the tuitee ... you might want to check with the banks? But loan might have to be under your child's name.

I also understand that parents' CPF can be used to fund their children's education, so check out this option too.

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Re: Need a tuition fee loan for my child...

Postby dolphinsiah » Wed Oct 08, 2014 9:31 am

mumzmummy wrote:Need a tuition fee loan for my child. Do I have an option which can provide me a loan at low levels of interest?


Good morning mumzmummy,

Are you talking about local tuition fee loan or for oversea education?
We took a local tuition fee loan for my DD Nus 4 years of studies. :wink:

The loan is from OCBC -is interest free.
But upon graduation , interests will starts.
Do check it out. :evil:

I am surprise many local are not aware about this interest free tuition fee loan before graduation. :shrug:

Most of them will just use the parents CPF . This is not wise as it is not interest free. :skeptical:

Hope this help. :smile:

dolphinsiah
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