Can I apply for a loan to study in Singapore?

# Singapore Study Abroad# Introduction Can I apply for a loan to study in Singapore? Students who plan to study in Singapore can consider taking out a loan when preparing their study abroad budget. Below is the relevant information shared. Welcome to read and reference!

1. Can I apply for a loan to study in Singapore?

You can apply for a loan to study in Singapore, but you need to meet certain conditions. The required basic conditions are as follows:

1. The loan applicant is a natural person with full civil capacity, and at the same time Actual age at the time of loan maturity must not exceed 55 years.

2. No illegal or disciplinary behavior, and possess the character of honesty and trustworthiness.

3. You should have an admission notice or other valid enrollment certificate issued by the overseas school where the person intends to study abroad.

4. Property mortgage, pledge or third-party guarantee approved by the lender can be provided.

2. Preparation of materials for applying for a study loan in Singapore

1. Original and copy of the applicant’s and spouse’s ID card, marriage certificate, household register or valid residence certificate issued by an authorized agency ;

2. Admission notice, acceptance letter and other valid admission documents and relevant necessary fee certificates issued by the school where you plan to study abroad, and provide proof of your academic qualifications;

3 , Provide a Chinese citizen with full capacity for civil conduct as the domestic agent of the borrower, and provide the identity card, relevant residence certificate and mailing address of the domestic agent.

4. If property is mortgaged or pledged, proof of ownership of the mortgaged property or the original document of the pledged property and proof that the person with the right to dispose of the property (including the owner of the property) agrees to the mortgage or pledge should be provided. If necessary, Proof of valuation of the mortgage (pledge) issued by the competent department should be provided;

5. If the guarantor is a legal person, a written document of the guarantor's agreement to guarantee should be issued (if the guarantor is a branch of the legal person, a written document should be issued at the same time) Legal person authorization document), corporate business license, audited financial statements for the previous year and recent years and relevant credit certification materials; if the guarantor is a natural person, the guarantor’s ID card, household registration book, income or property certificate and other credit certificates should be provided;

6. Other information required by the lender.

3. A better major for studying in Singapore

1. Hotel and tourism management

Singapore is a typical tourist country, and the hotel and tourism management major has always been It is a popular major, and its diploma is widely recognized by the world's hotel management industry. It has great demand potential in Singapore's domestic job market. Not only that, students in this major can also have "paid internships" during their studies. Since 2010, Singapore has built two large-scale integrated resort cities, creating 70,000 jobs in related majors and 200,000 jobs in related majors. Therefore, this major is also the easiest to find a job in Singapore.

Professional advantages

The English requirements are low and you can study with pay. Graduates of hotel management majors have the opportunity to be directly employed in Singapore. After working for two years, they can apply for permanent residence.

2. Accounting and Finance

As one of the financial centers in Asia, Singapore has been serving the entire Southeast Asia, including South Asia, Australia and New Zealand. The financial industry is one of the important pillars of Singapore's economy, with high gold content and a wide variety of related jobs. The industry as a whole includes financial companies such as banks, credit unions, trust companies, life insurance companies, securities companies, and investment agents. Due to the current huge demand for talents such as US dollar settlement in Singapore, financial management majors have also become popular. Every year, many people go to Singapore to study financial majors.

The Big Four accounting firms - Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers - look for talents in Singapore every year.

If you want to enter the financial industry, the most popular accounting qualification among financial professionals in Singapore is the Association of Chartered Certified Accountants (ACCA), followed by CPA and CASingapore.

Professional advantages

Singapore is the second largest private world banking center in the world after Switzerland, with a wide variety of finance-related jobs.

3. Mass Media

Singapore is the information center in the Asia-Pacific region. The majors of higher education institutions involve emerging media fields such as digital television, multimedia, and the Internet. Graduates of Singapore private schools majoring in media Employment prospects for students are also very good. Moreover, the increasingly frequent exchanges at home and abroad have promoted the rapid development of communication and media industries such as news, film, television, and advertising, and the market demand for talents at all levels in this industry, especially senior talents, has doubled.

Professional advantages

The rapid development of Singapore’s cultural industry and media industry has brought a wealth of academic research materials to various institutions in Singapore, whether it is traditional media or government agencies. Corporate publicity, film and television culture all require a large number of talents.

IV. Logistics and supply chain

Singapore is located in the Strait of Malacca and is a huge logistics hub in Asia. It has a special geographical location connecting the Indian Ocean and the Pacific Ocean. The modern logistics industry ranks first among Asian countries. Seizing the opportunity, the scale of logistics, especially international trade logistics, ranks among the top in Asia, and it is a regional logistics center in Asia and even internationally.

The Singapore government attaches great importance to the cultivation of talents in the logistics profession. The logistics and supply chain management major is also a popular major for students studying in Singapore, so students majoring in logistics and supply chain management have very clear employment prospects after graduation. Currently, many of the world's logistics companies have set up regional headquarters in Singapore, including DHL, Fedex, UPS, Schenker, etc.

Professional advantages

As a world-recognized logistics capital, Singapore’s demand for logistics professionals is about 10,000 people per year, and currently there are about 3,000 to 4,000 graduates of this major every year. , far from meeting demand.

4. Living expenses for studying in Singapore

1. Food

Singapore’s diverse culture makes it a gathering place of various flavors and delicacies. A variety of local food options can give you a glimpse of Singapore's cultural diversity. Chinese food, Western food, Japanese food, Korean food, Indian food, Malay food, etc. really make you feel that Singapore's food is so rich and colorful. Schools generally also have canteens and restaurants. Generally speaking, students’ dining costs are about SGD 300-400 per month.

2. Shopping

On holidays or Sundays, it is inevitable to go shopping on the streets. As Asia’s shopping mall and tourist paradise, Singapore is full of various shopping malls. You can buy school supplies, favorite gifts or Daily necessities are essential consumption. Chinatown, Little India, Orchard Road, Geylang Serai, Clarke Quay Flea Market, etc. are all good places to visit on Sunday. Shopping and gardening with friends is also one of the necessary leisure activities. In short, the cost depends on your life plan.

3. Communications

Singapore has well-developed communications, with 100% household phone penetration. The public telephone system covers all districts, and the phone charges are low; international long-distance calls cost SGD 0.5 per minute. It ranges from 1 yuan to 1 yuan. Using an IP phone card to call China is even cheaper, ranging from SGD 0.18 to 0.25 per minute. Mobile phone text messages cost 1 yuan each. If there are related business promotions, the price will be even cheaper. The total monthly expenses are generally between S$30-100.

4. Transportation

Transportation in Singapore is fast and there are few traffic jams. The subway is available throughout the island and is safe, comfortable, punctual, fast and cheap. Bus transportation lines are also spread throughout the island, making it safe and convenient. There are more than 10,000 taxis across the island of Singapore serving people in need, with 24-hour call service. Students studying in government schools can enjoy transportation discounts. The average student transportation fee is about SGD 80/month.