Do I have to visit a branch to submit student loan documents?

digibank by DBS is a digital bank that allows applicants to upload the requisite documents online. There is no need to visit a bank branch. Amid the ongoing Covid-19 pandemic, we encourage applicants to apply for student loan applications online.

When does the repayment period for my student loan start?

The repayment schedule for student loans is planned such that students have the time to secure a job to repay the loan. Repayment of education loan kicks off a year after completing your course or six months after you secure a job, whichever is earlier.

Can I apply for a student loan before my admission is confirmed?

Of course. You can apply for a student loan at any time through your journey in studying abroad. There are advantages of applying for student loans before confirmation of admission. It helps you narrow down your choices for institutes based on the loan amount sanctioned for you. Simultaneously, with a sanction letter in hand, your admission's confirmation becomes easier as institutes can be assured of your ability to pay fees.

Can I apply for a student loan without a PAN card?

Yes. You can still apply for a student loan without a PAN card. You can submit a copy of your passport or Aadhaar card instead as a photo identity proof.

How does the moratorium impact my repayment schedule?

In education loans, moratoriums are common as banks can grant up to a year for students to find employment. The interest accrued during the moratorium period is added to your principal amount and adjusted in your EMI as soon as you start paying.