Students from University

Key Features

  • Up to 20% of the subsidised tuition fees payable by Singapore student and or up to S$3,600 annual living allowance.
  • Interest-free during course of study.
  • Interest, if applicable, is charged at an average prime rate of DBS, OCBC, and UOB after graduation.
  • Up to 20 years repayment period for interest bearing loan, and up to 5 years for interest free loan with repayment commencing after course completion.
  • Minimum monthly repayment of $100.

Eligibility

  • Singapore Citizens (SC), Permanent Residents (PR) or international students taking full-time subsidised undergraduate courses, or SCs taking part-time subsidised undergraduate courses in any of the below institutions:
    • Nanyang Academy of Fine Arts (Singaporeans & Singapore Permanent Residents only)
    • Nanyang Technological University
    • Singapore Institute of Technology
    • Singapore University of Social Sciences
    • Singapore University of Technology and Design
  • Have a gross monthly per capita income of $2,700 or less for SCs and PRs, or $1,200 or less for international students.
  • Fulfilling the above criteria, they are eligible for this loan if they have received financing for their tuition fee from at least one or a combination of the following:
    • Tuition Fee Loan
    • CPF Education Loan
    • MENDAKI Tertiary Tuition Fee Subsidy/Loan
    • Scholarship/grant
    • A fee subsidy/loan from a registered government agency

For the full criteria to apply for Study Loan, please refer to respective institution's website for more details.

Guarantor

  • Aged from 21 to 60 years
  • Is not an undischarged bankrupt

Student

Guarantor

Singaporean

Singaporean

Permanent Resident

Singaporean / Permanent Resident

International

Singaporean / Permanent Resident / International

Students from Polytechnic

Key Features

  • Up to 25% of the subsidized tuition fees and or up to S$2,000 annual living allowance.
  • Interest-free during the course of study.
  • Interest, if applicable, is charged at an average prime rate of DBS, OCBC, and UOB after graduation.
  • Up to 5 years repayment period for interest bearing loan, and up to 2 years for interest free loan with repayment commencing after course completion.
  • Minimum monthly repayment of $100.

Eligibility

  • Singapore Citizens or Permanent Residents taking full-time diploma courses in any of the below institutions:
    • Nanyang Academy of Fine Arts (Singaporeans & Singapore Permanent Residents only)
    • Nanyang Polytechnic
    • Ngee Ann Polytechnic
    • Republic Polytechnic
  • Have a gross monthly per capita income of $2,700 or less
  • Fulfilling the above criteria, they are eligible for this loan if they have taken up the following schemes:
    • Tuition Fee Loan Scheme
    • CPF Education Scheme
    • MENDAKI Subsidy Scheme/Loan

For the full criteria to apply for Study Loan, please refer to respective institution's website for more details.

Guarantor

  • Aged from 21 to 60 years
  • Is not an undischarged bankrupt

Student

Guarantor

Singaporean

Singaporean

Permanent Resident

Singaporean / Permanent Resident

International

Singaporean / Permanent Resident