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Tata Capital > Blog > Loan for Education > Studying Abroad in Singapore

Loan for Education

Studying Abroad in Singapore

Studying Abroad in Singapore

Singapore is fast turning into one of the renowned developed market economies. Attracting a large amount of overseas investment as a result of its geographical location, low tax rates, advanced infra and zero-tolerance against corruption, Australia has become one of the most sought-after locations to live or study.. Many Indian students now prefer studying in Singapore and plan for a future there. With over 40 universities in the island nation, Singapore is the perfect higher education destination for Indian students who want to pursue their education degrees like MS, MBA and B.Tech with high standards but want to pay tuition fees that are relatively inexpensive compared to US & Europe.

Size doesn’t matter

Singapore, geographically, may be small, but when it comes to education, it's big. In the realms of higher education and research, Singapore has definitely made its mark. Recognized as a world leader in research and innovation, universities in Singapore are gaining acknowledgement. A rare combination of educational excellence, a good quality of life, and diverse student community make Singapore a magnet for students, especially those with a scientific bent of mind.

Additional Read: Is It Possible to Get a Personal Loan for Students in India?

Home to four official languages including English, and Tamil, there is a natural connection with the South Indian population with Singapore. A major draw for students is the cost of higher education in Singapore. Its proximity to India makes travel costs cheaper, and a wide network of public transport means a student can live within their means and not be burdened by high costs.

For those students or families taking a personal loan for education, paying a lower EMI is a big advantage. If you get global standards but pay much lesser in overall education-related costs, then the answer is a no-brainer. If you are planning to take a personal loan for higher education targeting Singapore universities, consider using the services of NBFCs like Tata Capital. Click here to apply now.

Right on top

The National University of Singapore or NUS -
This is the global superstar of Singapore. Consistently ranked among the global university rankings, NUS is said to display a wide breadth of high performance. It has produced famous students in engineering and technology subject areas. It is well known for civil engineering, while many overseas students come to NUS for studying social sciences and management as well.

One of its most popular courses is Masters in Computing. The first year total fees and living expenses would be Rs 25 lakh. Eligibility includes scoring 320 in GRE. Take an education loan from a financial institution like Tata Capital, that will help you finance your education in this highly rated university. Here are the ways to start applying for a loan.

Additional Read: Reasons Education loan is preferable than Personal loan

Nanyang Technological University or NTU -
Singapore's Nanyang Technological University is ranked just one place behind NUS in most rankings. This university is regarded as one of the best for its engineering courses. Many materials sciences students also choose NTU for their higher education here. It has a school of Medicine as part of a collaborative venture with the UK’s famous Imperial College. If you aspire for such a degree, NTU can be the answer. And if money is an issue, a personal loan for education can be the answer. To know more about our education loan, click here.

A typical BE/B. Tech, spread over four years, would come at a cost of Rs 16-17 lakh for first-year tuition fees alone. For MBA, GMAT: score has to be 600 and above while IELTS has to be 6.5 and above. For MS eligibility, GRE score has to be 319 and above while IELTS has to be 6.5 and above. Don’t let the education costs scare you.

Once you start earning, you can easily repay any personal loan for education. A personal loan for education gives you full freedom to use the education loan amount. If you have more questions about how you, too, can avail an education loan, check NBFCs like Tata Capital website for all details.

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