SIM RMIT current/future students COME IN!!

[lankileong]

Welcome all current/future students to share their courses, tips or anything around school revolving SIM-RMIT.

 

[lankileong]

Anyone here applied for the jan intake in management (ft)??

 

[lankileong]

Has the application outcome for jan intake in RMIT out yet??

 

[lankileong]

Anyone got admitted for january?

 

[ahboy_ahboy]

Hi I got admitted into rmit management FT but was wondering which bank loan to take as I need to settle everything on 2nd dec 2011 :/

 

[lankileong]

Hi I got admitted into rmit management FT but was wondering which bank loan to take as I need to settle everything on 2nd dec 2011 :/

hi classmate.
The only approved bank loans as stated in enrolment pkage is only posb, maybank, rhb and ntuc trift.
I also intending to take up loan too, haven't come to a decision yet.

 

[ahboy_ahboy]

Hi classmate!

i went to maybank and posb and rhb bank's Website and got the following information.



[FONT=Verdana, Helvetica]LOAN[/FONT] Interest Rate P.A.

Maybank has the lowest interest rate at 4.68% P.A.

RHB Bank has the second lowest interest rate at 4.78% P.A.

POSB Bank has the third lowest interest rate at 5.25% P.A.

NTUC Thrift has the highest interest rate at [FONT=Verdana, Helvetica]5.350% P.A.




[/FONT][FONT=Verdana, Helvetica]Processing Fee[/FONT]

[FONT=Verdana, Helvetica]All Banks has 2% charge upon approved loan / letter of offer

NTUC Thrift has [/FONT][FONT=Verdana, Helvetica]S$100 payable upon signing the Letter of Offer


so which u will take?? Maybank sounds good! but wonder the interest rate will stick at 4.68% for the rest of the repayments or will they change? Lets see the info i have gathered for everyone.



MAY BANK
[/FONT]stated -
Key info

• Attractive interest rate of 4.68% p.a.
• Flexible repayment period of up to 8 years
• Interest Servicing scheme and Partial Repayment scheme available

Benefits

• Easy and flexible repayment options, including Interest Servicing Scheme, Partial Repayment Scheme and Standard Repayment Scheme
• Repayment period of up to 8 years
• Loan amount of up to 6 times of your monthly income
• For courses conducted in Singapore (part-time or full-time basis)
• Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees

Choose between 3 repayment schemes

Option A – Interest Servicing scheme followed by Standard Repayment scheme.

Option B – Partial Repayment followed by Standard Repayment.

Option C – Standard Repayment scheme only.







[FONT=Verdana, Helvetica]POSB BANK
stated - "[/FONT]Peace of mind with fixed interest."[FONT=Verdana, Helvetica] / Interest of 5.25% p.a is calculated on a monthly reducing basis.
[/FONT]Better control of your finances
Choice of your loan tenure between 1 to 5 years and either a lump sum or a progressive disbursement. The monthly instalment will be according to the disbursement amount.
Hassle-free payment
Your monthly repayment is deducted automatically from your designated DBS / POSB account.
No prepayment penalty
There is no prepayment fee charged if you decide to pay off the loan earlier.
What's more, you have a choice to pay off your loan sooner and save on interest!

[FONT=Verdana, Helvetica]


RHB BANK
stated that
[/FONT] Repayment Options
3 flexible repayment options for you to choose:

1. Standard Repayment – basic scheme where you pay your monthly installments (principal and interest) once your loan is disbursed.
2. Graduated Repayment – pay only interest for the loan disbursed until completion of your study, monthly installments will commence thereafter.
3. Deferred Repayment (for full time local study only) – pay your monthly installments only after completion of your study, no payment is required during your study period.

Fees and Charges -

Processing Fee

2% of the approved loan amount.

Disbursement Fee -
Free cashiers’ orders for disbursement to local education institutions Various charges will be levied for demand drafts / telegraphic transfers to Foreign education institutions.

Late Payment Fee -

5% above Prime Lending Rate (currently at 5.70%) on any overdue instalment .

Cancellation Fee -

1% on the loan amount cancelled .

Full Repayment Fee -
1% on the outstanding loan amount.

Partial Prepayment Fee -

1% on the prepaid amount.

[FONT=Verdana, Helvetica]"'[/FONT]Based on RHB Prime Lending Rate minus 0.92% p.a. Prime Lending Rate at time of print is 5.70% p.a. Rate is subject to change."'



Which Boat will you choose?
and i wonder should i take up full loan since i am already gonna loan alot =.= my is 2yrs 24k

 

[patryn33]

Walk in to get an est of the charges and the repay amount; compare and u get the answer.

 

[lankileong]

Yup.
Personally i would go for maybank as it would generate the lowest interest. But may go for posb otherwise.

I'm still thinking either to go for std repayment or partial one.
What do u think?

 

[ahboy_ahboy]

I thinking of posb le more stable and though may bank lowest but troublesome ..

Go for standard ba

 

[ahboy_ahboy]

Btw u loaning how much and when is yur due date? My is 2nd dec -.-

 

[lankileong]

Same, 2nd dec.
So have to quickly rush everything to submit on time.
Might be loaning three sems only. 1st sem pay upfront.

 

[thenotveryfunnyguy]

Hi,

Must submit the loan by 2nd dec? I got accepted, but not time to read the contents of the package.

 

[ahboy_ahboy]

I pay 12k first lo 2nd yr then bank loan.. Haha

 

[lankileong]

Do check with the school. Cause most should receive their enrollment package since mon.
Btw, what course did u apply?

 

[ahboy_ahboy]

I hand in the contract and pay already all done. Now waiting for the student login in pass and user portal )

 

[ahboy_ahboy]

My is advance 1 so I study 2yrs 16modules in which, 4modules /sem total sch fees 23.986k ~= 24k so 6k per 6mths ... U wan installments u need bank loan. Sim don't provide it .

1 whole yr 12k lOL sell backside uh -.- btw I went to sch today and do many girls .... How to concentrate like tt hahaha

 

[Nailswithlove]

Hello everyone! I got in management for ft also.

 

[lankileong]

Hello everyone! I got in management for ft also.

Which intake are u?
Full/Adv 1/Adv 2

 

[evawnedlog]

i heard that sim never give ezlink which ntu nus smu does, means cannot buy concession

yes it is a private school after all.