Education Loans

Tuition Fee Loan

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Tuition Fee Loan

A government funded education loan that is offered by the local institutions and administered by DBS Bank to Singaporeans, Singapore Permanent Residents and Foreign students studying in the respective local institutions1

  • University / NIE 
  • Polytechnic

Note
1. Local institutions refer to Singapore Polytechnic, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Republic Polytechnic, Singapore Institute of Technology, National University of Singapore, Nanyang Technological University, SIM University and Singapore University of Technology and Design.
2. For Terms and Conditions, please refer to the respective institutions.

For Tuition Fee Loan customers who do not have a deposit account or any other existing relationship with DBS, please note that DBS Bank’s Privacy Policy, as may be amended, supplemented or substituted by DBS Bank from time to time shall be binding on you. DBS Bank’s Privacy Policy can be obtained by (a) downloading a soft copy from DBS Bank’s website (DBS Bank’s website at www.dbs.com/privacy); or (b) obtaining a hard copy from a DBS/POSB branch

Key Features

  • Up to 90% of the subsidized tuition fees payable by Singapore students.1
  • Interest-free during course of study, charged at average prime rate of DBS, OCBC and UOB after graduation.
  • Up to 20 years repayment period which starts after course completion.
  • Minimum monthly repayment of $100.

Eligibility2

  • All students studying in any of the local universities/NIE are eligible for this loan if they do not fall into any category below:
    - Students receiving any Government/Statutory Board/any school scholarships which cover tuition fees
    - Students receiving full Tuition Fee Subsidy from MENDAKI
    - Students using CPF savings for payment of 100% of the subsidized tuition fees
    - Students on self-funded courses
    - Foreign students who are paying full fees (not eligible for any Tuition Fee Grant)
  • There is no income requirement and age restriction.

Guarantor

  • Aged between 21 to 60
  • Is not discharged as a bankrupt.
Student Guarantor

Singaporean

Singaporean

Permanent Resident

Singaporean / Permanent Resident

International

Singaporean / Permanent Resident / International


Repayment

  • Maximum repayment period of 20 years
  • Repayment will commence no later than 2 years after graduation
  • Repayment of loan can be in one lump sum or by equal monthly instalments of minimum $100.

How to Apply

  • Fill up the application form and letter of offer.3
  • Together with guarantor, bring the following to any DBS branch
    - Application Form
    - Letter of Offer
    - NRIC / Passport (student and guarantor)

Note

1 TFL does not cover hostel fees, purchase of computer and personal allowance.
2 Some courses of study are not eligible for TFL. Please refer to your respective institutions' website for courses that are eligible for Tuition Fee Loan
3 Students can get the application form and letter of offer from the respective universities.
4 For Terms and Conditions, please refer to the respective institutions.

Key Features

  • Up to 75% of the subsidized tuition fees1 payable by Singapore students.
  • Interest-free during course of study, charged at average prime rate of DBS, OCBC and UOB after graduation.
  • Up to 10 years repayment period which starts after course completion.
  • Minimum monthly repayment of $100.

Eligibility

  • All full-time subsidized diploma students studying in any of the local polytechnics are eligible for this loan if they do not fall into any category below:
    - Students receiving any Government/Statutory Board/any school scholarships which cover tuition fees
    - Students receiving full Tuition Fee Subsidy from MENDAKI
    - Students using CPF savings for payment of 100% of the subsidized tuition fees
  • There is no income requirement and age restriction.

Guarantor

  • Aged between 21 to 60
  • Is not discharged as a bankrupt.

Student

Guarantor

Singaporean

Singaporean

Permanent Resident

Singaporean / Permanent Resident

International

Singaporean / Permanent Resident


Repayment

  • Maximum repayment period of 10 years
  • Repayment of loan can be in one lump sum or by equal monthly instalments of minimum $100.

How to Apply

  • Fill up the application form and letter of offer2
  • Together with guarantor, bring the following to any DBS branch
    - Application Form
    - Letter of Offer
    - NRIC / Passport (student and guarantor)
    - Letter of admission (for new student), student card (for existing student)

Note

1 TFL does not cover hostel fees, purchase of computer and personal allowance.

2 Students can get the application form and letter of offer from the respective polytechnics.

For Terms and Conditions, please refer to the respective institution.