5 tips to fill the application form of an education loan to study in Singapore

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5 tips to fill the application form of an
education loan to study in Singapore
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• Higher education helps make a students future
  bright and strong. It helps the student to learn
  the skills specific to his or her specialization
  and thus, moulds the student into a finely
  crafted professional. But higher education is
  expensiveespecially in Singaporeand to study
  such courses students need to take education
  loans. To improve your chances of getting an
  education loan to study in Singapore, we have
  created this article. Here we will tell you 5
  tips to fill the education loan application form
  correctly and thus, gather funds for your higher
  education in Singapore.

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Check the eligibility criteria

• The first step in getting an education loan to
  study in Singapore is to check the eligibility
  criteria and see if you fulfil it. Check if you
  have documents that prove your age, your
  citizenship and your academic record. Also check
  the other criteria of the lender for you to be
  eligible to fill the loans application form.
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• You may also check the education loan amount you
  are eligible for using an education loan
  eligibility calculator. Just put in appropriate
  details in the right fields, press the calculate
  button and you will get the maximum amount of
  money you are eligible for, in the result field.

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Read terms and conditions carefully

• The next step is to read the terms and conditions
  of the lender to get an education loan. In the
  terms and conditions, read the benefits you would
  get from the education loan, the conditions that
  allow you to enjoy those benefits, and the
  conditions that exclude you from the benefits.
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• If you need a special condition, like the
  involvement of a third-party FOREX vendor to
  convert the loan amount from Indian Rupees to
  Singapore Dollar, then ask the lender to add that
  condition in the terms and conditions of your
  education loan agreement.

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 Fill correct information in the application form

• Fill correct information in the education loan
  application form. Spell your name, your
  residential address, your contact details and
  other information correctly in the form. Spell
  your co-borrowers details correctly as well.
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• Fill the details like the amount of education
  loan you want, the types of expenses that you may
  incur while studying in Singapore, and the total
  of those costs in the application form. Fill any
  other extra information if you are asked to.
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 Provide relevant documents

• The penultimate step is to give the documents the
  lender asked you to attach with the application
  form of the education loan to study in Singapore.
  Provide relevant documents like your Identity
  cards (AADHAR card, PAN card) and your
  residential proof, your co-borrowers tax
  returns, your academic mark sheets and
  certificates.
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 In case of a secured loan, provide collateral
documents

• This is the last step. If you have opted for a
  secured loan then provide the details and
  documents of the financial assets that you have
  pledged as security against the education loan
  amount.
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• Please provide legit documents only. Do not give
  incorrect or forged documents to the lender or
  else you may be barred from getting a study loan.
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• So, these are the 5 tips to follow while filling
  an application for an education loan to study in
  Singapore. All the best!

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• We hope this article was helpful to you.