Get to Know More About Maybank Education Loan

Get to know more about Maybank Education Loan

Continuing education is one of the notable dreams one can achieve. However, the lack of funds hinders students from pursuing higher education. 

Typically, taking up an MBA qualification costs over the top. What more if you plan to study further overseas?

Saving up for your life-long goal is beneficial but not practical. It might take you years and years of saving up money, yet still not enough. By the time you have funds, your passion for learning might wean. 

Thankfully, Maybank in Singapore offers education loans for eligible applicants. It prevents you from withdrawing from your dreams. Achieve your long-term goal by completing the degree. 

Read this article and find out how to apply for Maybank Education Loan. 

girl studying with Maybank education loan

Advantages Of Applying For Maybank Education Loan

Maybank Education Loan is the topmost applied loan by aspiring students abroad. Even those who want to continue further studies look forward to it. Here are the reasons why: 

Get Affordable Promotional Rates

Maybank education loan in Singapore is convenient for nearly all university students. Regardless of the loan tenure, the processing fee is only 2%. 

Also, it has a fixed interest rate of 4.45% per annum. Students don’t need to worry about any sudden change or increase in the rate. 

Offer the Largest Education Loan

Another asset of the Maybank Education Loan is its approved loan amount. Students who want to attend high-tuition universities can apply. 

The principal amount an applicant can receive can be up to $200,000 or up to 8x your monthly income. It depends on which amount is lower. 

Extended Repayment Period

Paying off the loan amount is up to 10 years. Be wise enough to choose which tenure you plan to finish your financial obligation. 

Also, the Maybank Monthly Rest Education Loan offers a flexible repayment plan. Choose which one is suitable for your financial needs. 

Get a chance to Study at Universities abroad.

Pursuing a higher level of studies outside Singapore is very expensive. Typically, banks do not cater to this kind of study loan. 

Maybank Education Loan offers it nonetheless. Don’t fret. You’ll reach the Master’s Degree you’ve dreamed of ever since. 

Part-Time Students Convenience

Aside from students continuing to higher education, the Maybank Education Loan is the best for part-time students. 

Maybank Singapore accepts students with only $18,000 as annual income. It is the lowest income requirement for part-time studies. 

Maybank Education Loan offers great assistance a student can receive. Take note that they thoroughly assess the financial capability of applicants. So it’s better to know whether you qualify for the loan first. 

Eligibility And Requirements For Maybank Monthly Rest Education Loan

Set your path right by preparing ahead. Here is a list of requirements applicants must check for a Maybank monthly rest education loan approval. 

Applicants must-haves

  • Citizenship: An individual must be a Singapore citizen. A Permanent Resident can apply as well. 

  • Age Limit: The youngest education loan applicant must be at least 18 years of age. Meanwhile, the minimum age for guarantors is 21 years old. Note that both the applicant and the guarantor must not be older than 65 by the end of the loan. 

  • Annual Income Requirement: The minimum annual income for part-time students is $18,000. It also applies to students who do not have a guarantor. Meanwhile, a guarantor for full-time students must earn at least $30,000 annually. 

  • Mandatory Documents to Submit: When applying for Maybank Education Loan, ensure you have all the relevant documents. 

  • Proof Of Identity: It is the basic yet most important of all. Present your identification as a student or an applicant. Prepare a guarantor’s ID, too, if there’s any. Be mindful that a guarantor must be an immediate family member. He or she must not be a current guarantor of another loan. 

  • Proof Of Income: An applicant and a guarantor must ready the following income documents. Salaried employees must present the latest computerized payslip, CPF Account Statement (for the past 6 months), and the Income Tax Notice of Assessment (latest). Commissioned or self-employed must only prepare their Income Tax Notice of Assessment. The said document should be at least two years. 

  • Proof Of Course Fee: For the bank’s assurance that the applicant will utilize the loan for studies, a course fee invoice is necessary. Or you may present a schedule of payment for faster loan approval. 

  • Proof Of Enrollment: An acceptance letter from the university or educational institution is essential. It must indicate information like course type and duration of studies. Assess yourself if you have what it takes to apply for Maybank Education Loan. 

Maybank Education Loan Rates and Fees

In the market, the Maybank Education Loan is popular. Its reasonable rates and fees justify it. 

  • Processing Fee: The lowest processing fee in education loans is 2%. Maybank offers the same rate as well. 

  • Cancellation Fee: Loan cancellation typically costs 1% of the undrawn amount. 

  • Early Prepayment Fee: Never forget that Maybank charges for early prepayment. The cost is 1% of the prepaid loan amount. 

  • Late Payment Fee: Neglecting a financial responsibility in Maybank costs 3.00% above the prescribed rate. Typically, the minimum fee is $30. 

  • Cashier Order: There is an existing fee for cashier orders. However, there is no specific amount or rate it costs. 

Maybank does not charge higher fees. But it is strongly suggested to stick with the repayment plans. It helps minimize the total payment for an education loan. 

You now know the different charges inclusive of your study loan. Find out how to apply for Maybank Education Loan. 

Maybank Education Loan Application Process

There are three ways when applying for Maybank Education Loan is easy. 

Apply quickly online.

Apply through Maybanks’ official website without hassle by clicking the “Apply Now” button. Complete the application form and provide accurate information. 

Get an appointment via SMS.

Make an Appointment Now with Maybank—key in STU <Name> <Contact Number>. Then, send it to 79898. 

Visit Maybank’s Office Branch

Apply at any of the 22 branches personally. The location is across the city-state. 

For faster and seamless loan approval, abide by the instructions given in each method of application. 

Maybank Education Loan Calculator

Maybank Education Loan Calculator helps determine how much to repay monthly. But first, pick a scheme based on your financial situation and capacity. 

Standard Repayment Scheme

Repay the principal and interest rate monthly. 

Partial Repayment Scheme

Make a partial instalment while studying. Then, pay the standard monthly instalment afterwards. 

Interest Servicing Scheme

Pay off interest only during the study period. Standard instalments will be initiated after that. 

You can determine how much you need to repay monthly based on the chosen repayment scheme. It comes in handy when utilizing the Maybank Education Loan Calculator. 

Maybank Education Loan truly stands out. Nevertheless, applicants must always shop around for better choices. See to it that your lender understands your current financial dilemma. 

Cash Mart Singapore: Your Best Alternative 

Cash Mart Singapore is the best-licensed money lender in the country. It offers numerous financial services that fit almost anyone. 

Cash Mart Singapore has a Payday loan that lets you receive cash upfront, thus making any day a payday. 

Also, Cash Mart does offer Business loans to SMEs—an excellent choice for the better cash flow of your business venture. 

The most popular financial assistance of Cash Mart Singapore is their low-interest Personal Loan. It is leading in lending instant cash loans for anything at any time. Apply for this loan, whatever money problem you are facing. 

If you need support for your studies, take out this loan. Get approved within 30 minutes. Plus, a guarantor is not necessary. 

Fulfilling your financial obligations will leave you with a clean record. Cash Mart will grant you a higher loan amount without fuss. 

Cash Mart Singapore is famous for a reason. Take your chance now. Grab the degree you’ve always wanted.

Applying for the Best Jobs in Singapore

best jobs singapore

Applying for the Best Jobs in Singapore

Are you a new graduate?

Are you planning to shift the profession?

Confused about which career path to take?

We got the answer for you.

Read and understand the best jobs in Singapore before you send your resume.

There are many job opportunities in Singapore. 

Moreover, high-paying jobs are available. 

Find them out and grab opportunities suitable for you.

What are the 10 Best Paying Jobs in Singapore?

Listed below are the jobs you might find suitable for yourself.

legal secretary for best paying jobs in Singapore

10. Legal Secretary

A legal secretary works secretarial responsibilities in law offices. 

Legal documents like summons, subpoenas, and motions are your tasks. 

Also, you’ll perform standard secretarial duties like greeting clients, answering calls and emails, and data transcription. 

The monthly salary of a legal secretary ranges from SGD 4,000 to SGD 8,000. In USD, it is 2,895 to 5,790. 

9. Settlement Manager

A Settlement Manager works in the banking and finance industry. 

You are responsible for facilitating treasury settlements, guaranteeing accurate and reliable cash flow, and estimating pool prices. 

Therefore, you must be skilled in managing staff in a fast-paced, detail-oriented environment under time pressure. 

The monthly salary of a Settlement Manager ranges from SGD 5,000 to SGD 8,300. In USD, it is 3,619 to 6,008. 

8. Finance Manager

A finance manager interprets cash flows and provides future expenditure plans. 

Your future financial prediction is based on the trend of data analysis. 

Therefore, you must be updated, visioner, and driven to develop the business. 

The monthly salary of a Finance Manager ranges from SGD 5,500 to SGD 9,000. In USD, it is 3,890 to 6,514. 

7. Digital Marketing Manager

As a digital marketing manager, you will handle multiple campaigns with various digital marketing techniques. Such methods are paid SEO or Search Engine Optimization, social media, and website designing.

Also, you have to develop relevant marketing developments to catch the attention of target clients. Emphasize the company’s brand, products and services. 

In other words, you have to promote the brand enticingly.

The monthly salary of a Digital Marketing Manager ranges from SGD 6,000 to SGD 10,000. In USD, it is 4,343 to 7,238. 

6. Finance Compliance Manager

Being a finance compliance manager means being updated about the legal regulations that can affect the company. 

In addition, you ensure staff compliance with the new rules through proper training and seminars. 

Usually, seminars are held annually by every company. 

The monthly salary of a Finance Compliance Manager ranges from SGD 8,000 to SGD 10,000. In USD, it is 5,790 to 7,238. 

5. Quality Lead or Manager

A quality lead or manager is a very meticulous person. 

Meeting customer expectations is the top priority. 

Every detail about the products and services must be consistent. 

Therefore, you must prepare a setup, sustain control and watch documentary procedures. 

The monthly salary of a Quality Manager ranges from SGD 6,000 to SGD 10,000. In USD, it is 4,343 to 7,238. 

4. IT Security Consultant

Is the cyber war against hackers appealing to you? 

If yes, you can be an IT Security Consultant. The main objective is to keep data secure. 

As of today, companies depend on online systems. Many businesses process client’s inquiries and requests through websites. 

Foresee possible security breaches, and developing ways to strengthen the system is your focus. 

The monthly salary of an IT Security Consultant ranges from SGD 7,000 to SGD 10,000. In USD, it is 5,067 to 7,238. 

3. Scientific and Regulatory Affairs Specialist

A Scientific and Regulatory Affairs Specialist must have a broad knowledge of scientific, legal, and business issues. 

You must ensure that all products developed, manufactured, and delivered are within the bounds of the law. 

This specialist must possess a strong knowledge base and a science, writing, and reading comprehension skill set. 

Moreover, an in-depth understanding of the company’s legal matters. 

Typically, these people are involved in the healthcare and pharmaceutical industry. 

The monthly salary of a Scientific and Regulatory Affairs Specialist ranges from SGD 4,000 to SGD 12,000. In USD, it is 2,895 to 8,685. 

2. FinTech Developer

The task of a FinTech developer involves developing financial application tools. 

Your creation will help individuals handle finances without too much fuss. 

In addition, you have to forecast ways for easy and secure digital financial transactions. 

The monthly salary of a FinTech Developer ranges from SGD 7,500 to SGD 12,000. In USD, it is 5,428 to 8,685

1. Finance Controller

A finance controller is responsible for banking and finance activities. 

Also, they recommend insurance and related purchases. 

On top of that, proper reporting and payment to all taxing authorities and corporate documentation is their obligation. 

You have to ensure that the company is profitable. Do this by proper accounting. 

The monthly salary of a Finance Controller ranges from SGD 8,000 to SGD 15,000. In USD, it is 5,790 to 10,867. 

What are the Most In-Demand Jobs in Singapore?

Despite the availability of high-paying jobs in Singapore, not all are hiring. If ever they need new staff, you’ll need certain qualifications to acquire the position. 

Don’t be sad. Companies have in-demand jobs in Singapore that you can easily qualify for. 

Check the list and find a vacancy that fits you. 

most indemand jobs in Singapore

 

Service and Sales Workers

The job vacancy for service and sales workers in Singapore is about 23.5%. 

The usual positions available are shop sales assistants, receptionists, customer service, information clerks and security guards.

You must at least attain a secondary education level to get hired. 

The estimated monthly salary for service and sales workers is SGD 3,000. In USD, it is 2,171.40. 

Associate Professionals and Technicians

The most sought-after employees are associate professionals and technicians. 

Typically, these are people in teaching and training professions, software, web, and multimedia developers. 

This job position requires your diploma and years of work experience

Cleaners, Labourers, and Related Workers

Some of the highest in-demand jobs in Singapore are cleaners, labourers, and related workers. 

The job description includes work in the environment and physical strain. However, it comes with an unappealing salary.

Many Singaporean establishments are still in search of this kind of worker. It has more than 900 job vacancies. 

Sadly, the monthly salary for cleaners, labourers, and related workers is around SGD 1,000 to SGD 2,800. In USD, it is 723 to 2,024. 

Managers and Administrators

The position for managers and administrators requires a diploma and job-related experience. 

As of the moment, Singapore employers need more than 4,000 managers. Common job must know management executives and commercial and marketing sales managers. 

The lack of qualified applicants makes it hard to fill the vacancies.

Clerical Support Workers

As a clerical support worker, you must have general knowledge and skills about company functions.

The position is under an administrative assistant. The job description includes basic tasks like answering calls and emails. 

An estimated 3,000 job vacancies in Singapore. 

Plant and Machine Operators and Assemblers

Plant and machine operators and assemblers are assigned to industrial and agricultural motor vehicles and engines. Vast knowledge about operation and monitoring must be observed. 

Physical strain is part of the job. This makes it unattractive to aspiring applicants. 

There are about 3,000 job vacancies for plant and machine operators and assemblers in Singapore. 

Craftsmen and Related Trades Workers

Around 3.8% of jobs in Singapore are looking for craftsmen and related trades workers. 

However, there is some employer that offers unconducive working terms and conditions. 

With this, minimum applicants apply and get hired. 

The Ministry of Manpower (MOM) announced that the Services Industry has the most vacant jobs. About 83.5% of vacant positions must be filled up. Included in these are the accommodation, personal and food and beverage services. 

In addition, the MOM enumerates why these types of jobs remain in high demand. 

  • Unattractive pay. Low-paying jobs with many obligations seem unworthy for workers to apply for.
  • Longer workweek. Workers prefer a shorter work week to have enough time for rest and leisure. 
  • Physically strenuous job. Jobseekers favour work that will not require too much physical effort. 
  • Work shifts. Changing shifts are unlikely to be preferred by job applicants. Continuous change in body clock doesn’t fit them.
  • Not a conducive working environment. Jobseekers are looking for a safe and secure working environment.
  • Poor image. The job description is not appealing to their taste. 

The list of in-demand jobs in Singapore gives wider job opportunities for foreigners there. Even people from third-world countries grab the chance. For them, it is enough to earn at least SGD 450 to SGD 1,835 a month. They can send money back home to their families and loved ones. 

What are the Least Paid Jobs in Singapore?

If there are high-paying jobs and in-demand jobs in Singapore, there are the least-paid jobs in Singapore.

These are the following:

least paid jobs in Singapore

Room Attendant

Being a room attendant is very demanding work. You entertain tourists and serve them as needed. 

This job does not necessarily ask for requirements. However, some hotels may require training certificates.

In some cases, rotation of the jobs occurs for attendants and receptionists. With a low salary, understaffing is inevitable. 

The monthly salary of a room attendant ranges from SGD 1,304 to SGD 1,797. In USD, it is 942 to 1,300.

Nail Technician

A nail technician builds a good customer relationship with clients while giving hand and foot care.

The job description requires hard work and valuable nail, hand, and foot treatment skills. 

Be careful and tactful with irate clients. Always give your best smile despite the customer’s mood and demands. 

The monthly salary of a nail technician ranges from SGD 1,200 to SGD 1,800. In USD, it is 867 to 1,800. 

Service Crew

The job of a service crew is not a joke. 

You have to keep the restaurant tidy at all times. All transactions must be in a smooth flow. Understaffing must not be felt by clients.

Part of your work is taking and serving orders and cleaning and setting tables. In some instances, you have to handle the cash register. 

No requirements are needed for this job, but your service is expected during the holidays. 

The monthly salary of a service crew and waiter ranges from SGD 1,000 to SGD 1,835. In USD, it is 723 to 1,326.  

Cleaner

Singaporeans will not take this kind of job. Dirty work with less pay is not their preference. 

You must vacuum, sweep, mop, dust, and clean the washrooms as a cleaner. 

Most foreigners in Singapore take this job since they need money for personal and family use. 

The monthly salary of a cleaner ranges from SGD 1,025 to SGD 1,347. In USD, it is 741 to 974. 

Construction Worker

Working in construction is no fun. You have to endure the sun’s scorching heat for the low pay. 

Your physical strength is tested as it is manual labour. 

Although the job vacancy is high, it has not crossed Singaporeans’ minds to send an application to construction companies. 

The monthly salary of a construction worker ranges from SGD 450 to SGD 1,500. In USD, it is 325 to 1,084. The rate depends on your skills and experience. 

Singaporeans are really picky when it comes to the work they apply. This allows foreigners to take even the lowest-paying jobs in Singapore. What matters is that you earn clean money to send back home. 

What are the qualifications of the Best Jobs in Singapore?

Are you after the best jobs in Singapore? 

You must pass the employer’s criteria to secure the position. 

Below are the high paying jobs with the requirements needed. 

Accounting

New accounting jobs are expected in 2020. Around 2,000 positions for account assistants, accountant, financial planning and analysis is in demand. 

You must submit a legitimate work experience related to this job to get hired. 

Aged Care Workers

Singapore has a growing ageing population. 

The Ministry of Health predicted the need for an additional 30,000 workers to care for various ages in 2020. 

If you want to apply, you must have at least the following:

  • Diploma in Community Care for the Elderly (Coleman College)
  • Specialist Diploma in Gerontology (Temasek Polytechnic)
  • Specialist Diploma in Healthy Ageing and Community Care for Seniors (Republic Polytechnic)

Once you have these criteria, you’ll be confident to attain one of the best jobs in Singapore. 

Cybersecurity Specialists

Many data breaches occur in Singapore companies. Being a cybersecurity specialist is a great job choice. 

To get the job, you must have vast knowledge and skills in firewalls, data files and network protection. 

Data Scientists

Data scientists analyze and interpret complicated digital website statistics. 

Such type of job requires the following degree:

  • Bachelor of Science in Data and Analytics (National University of Singapore)
  • Bachelor of Science, Business Analytics (National University of Singapore)
  • Bachelor of Business, Business Analytics (National University of Singapore)
  • Bachelor of Business, Business Intelligence and Information Systems (James Cook University)

Add to that, a diploma is also needed.

  • Specialist Diploma in Data Science (Singapore Polytechnic)
  • Specialist Diploma in Business and Big Data Analytics (Nanyang Polytechnic)

Completion of any of these degrees and diplomas ensures your new job opportunity. 

Human Resource Professionals 

Strong demand for HR technologies and talent search is now in big demand. 

To secure a slot, you must attain a degree in:

  • Bachelor of Human Resource Management (Singapore University of Social Science)
  • Bachelor of Business in Human Resource Management (Kaplan Singapore)

For a higher related position, you must have a:

  • HR Graduate Certificate (Singapore Management University)

It’s alright if you don’t have a graduate degree.  You can still pursue the position as long as you have a diploma. 

  • Diploma in Human Resources Management and Psychology (Singapore Polytechnic
  • Human Resource Management (Temasek Polytechnic
  • Internation Human Resource Management (Republic Polytechnic)

Just present these documents, and you can surely grab the opportunity. 

Customer Service Executive 

Customer Service Executives includes helpdesk officers, customer care consultant, customer service assistant and customer service officers. 

Before, degrees and diplomas are not required to be in this job. But now, a degree must be completed.

  • Bachelor of Business in Hospitality and Tourism Management and Management (Kaplan Singapore)

Also. a diploma is required like: 

  • Diploma in Tourism and Hospitality Management (Nanyang Polytechnic)
  • Diploma in Hotel and Hospitality Management (Republic Polytechnic)
  • Diploma in Hospitality and Tourism Management (Temasek Polytechnic)

Marketing

The Marketing industry boomed unexpectedly. 

A skillset like this must be present for every applicant. 

  • Search Engine Optimization (SEO)
  • Website Design and Programming
  • Data Science and Analytics
  • Communication Skills
  • Social Media Marketing Skills
  • Basic Graphic Design Skills

In addition, a degree must be accomplished

  • Bachelor of Business(Marketing) (SIM University)

Or have at least a diploma in any of the following:

  • Diploma in Digital Marketing (M.A.D School)
  • Diploma in Marketing Management with Digital Marketing (Singapore Polytechnic)
  • Specialist Diploma in Digital Branding and Social Media Strategies (Ngee Ann Polytechnic)

Finish this course and enhance your skills to secure the best job in Singapore

Sales

Sales roles are in-demand jobs in Singapore. 

You must possess great customer service, be etiquette, and speak at least two or more languages. 

The main qualification for the job is a secondary school certificate (O/N level).

UI/UX Professionals

More services online mean many website designers and app developers are sought-after. 

User Experience (UX) and User Interface (UI) professionals are very in demand. 

If you are one of them, at least present your diploma in:

  • Specialist Diploma in User Experience and Digital Product Design (Singapore Polytechnic)
  • Specialist Diploma in User Experience Design and Management (Nanyang Polytechnic)

For sure, you can lessen the vacancy. 

Helpdesk

Technical support professionals vary from basic cabling to solving various technical problems. 

You are expected to achieve at least a diploma from:

  • Diploma in IT Service Desk Management (Temasek Polytechnic)
  • Diploma in Information Technology (Nanyang Polytechnic)

Once you have completed the requirements, you can take home your next paycheck next month. 

Having a job is very vital for your survival. Although salaries vary for every profession, how you handle your paycheck depends on you.

Manage your finances wisely with Cash Mart. It is one of the trusted licensed moneylenders in Singapore. It offers quick online, low-interest personal loans that you can use. Its payday loan helps you manage your finances while waiting your next paycheck!

Be motivated dedicated, and work hard to get the best jobs in Singapore.