Study Loan
We’ve got you fully covered through this education journey.
Study Loan
At a Glance
Borrow up to 25% of your subsidised school fees
25% of your subsidised tuition fees for Polytechnic students (or 20% for University/NIE Singapore students).
Zero interest and repayments while you’re studying
You’ll be charged at an average prime rate of DBS, UOB and OCBC after graduation.
Repay as low as $100 a month
You can pay back in full or partially for up to 20 years.
Features & Benefits
| Covers your tuition fees in an MOE recognised tertiary institution |
|
| Zero interest and repayments while you are studying |
|
| Repay as low as $100 a month |
|
How it works
Step 1: Ensure that you have digibank access (New to DBS/POSB customers have to open an account).
Step 2: The student submits the online application.
Step 3: Guarantors review the application and submit their personal details.
Step 4: We will process your application. This takes 5-7 working days if no discrepancies are found in the application.
Please read through this guide to learn more about what you need to prepare in advance before you submit your Study Loan application online.
Eligibility & Fees
You must be a Singapore Citizen, Permanent Resident, or non-Singapore Citizen/Permanent Resident student who is studying in an MOE recognised tertiary institution.
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 |
Apply now
Main Applicants
To begin the online study loan application, you must have the following:
- digibank access
- a scan of your Letter of Offer from school
- a scan of your passport (only for foreign student)
- NRIC/ Passport/ Malaysian IC number of guarantor
- Guarantor's email and mobile number. If the guarantor has a DBS bank account, please use the email and mobile number registered with our bank.
*We regret that we cannot accept NUS Study Loan applications for the moment.
For university foreigner students who have a foreigner guarantor residing outside Singapore, you have to obtain the physical application form from your school and follow this procedure.
Guarantors
To proceed, you must:
- have digibank access
- be between the ages of 21 and 60
- log in with the email and mobile number submitted by the main applicant
- have a scan of your passport (only for foreigner guarantor residing in Singapore)
Guarantors may continue their application here after receiving the notification email.
Register for digibank Access
Main applicants and guarantors must have digibank access.
| Existing DBS Customers | Log in with your digibank credentials and begin the loan application with your prefilled details. If you do not have a digibank profile, register for a digibank profile and set up your login user ID and PIN with your ATM/Debit/Credit Card. |
| New Customers | Step 1: Download digibank app and apply for your first account with us – My Account or Multiplier Account. It is easy, quick and instant when you apply with Singpass. Step 2: Once your first account is opened, return to this page and apply for your Tuition Fee Loan with your digibank credentials. Download digibank app |
Repayments
Please click here for repayment modes and options.
Other Services
| Other Service Request | |
|---|---|
| Change in Loan Quantum / Change of First Disbursement Year and Semester | Apply Online |
| Deferment of Loan Repayment and/or Interest | Apply Online |
| Change of Guarantor | Apply Online |
That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?