Study Loan

University Study Loan

• Up to 20% of the subsidized tuition fees payable by Singapore students and S$3,600 annual living allowance.
• Interest-free during course of study.
• Interest, if applicable, charged at 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.

• Undergraduates who have received financing of tuition fee payable by Singapore Citizens 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.

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

• 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.
• Repayment will commence no later than 6 months after graduation
• Repayment of loan can be in one lump sum or by equal monthly instalments of minimum $100.

• Please refer to the respective institution's website for application.