Tuition Fee Loan

Students from University

Key Features

  • Up to 90% of the subsidized tuition fees payable by Singapore students.
  • Interest-free during the course of study, charged at an 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.

Eligibility

  • Students studying full-time subsidised undergraduate and postgraduate courses, and Singapore Citizen studying part-time subsidised undergraduate courses in any of the below institutions:
    • Nanyang Academy of Fine Arts (Singaporeans & Singapore Permanent Residents only)
    • National University of Singapore
    • Nanyang Technological University
    • Singapore Institute of Technology
    • Singapore University of Social Sciences
    • Singapore University of Technology and Design
  • And 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
    • Non-Singapore Citizen/Permanent Resident students who are paying full fees (not eligible for any Tuition Fee Grant)
  • There is no income requirement and age restriction.

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 75% of the subsidised tuition fees.
  • Interest-free during the course of study, charged at an 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

  • Students studying 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
    • Singapore Polytechnic
    • Temasek Polytechnic
  • And 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 from 21 to 60 years
  • Is not an undischarged bankrupt

Student

Guarantor

Singaporean

Singaporean

Permanent Resident

Singaporean / Permanent Resident

International

Singaporean / Permanent Resident