Study Loan
Important Update (as of 03 Nov 2021) Please be updated that for students with monthly repayments set up via GIRO that the monthly deductions will only resume on 1 November 2021. Loan Accounts with GIRO monthly repayments set up will be monitored for late fees charged and will be reversed accordingly if incurred due to non-deduction of monthly instalments/non-payment made in October. Kindly note that the deduction amount on 1 November 2021 is also inclusive of any outstanding instalment amounts from prior to the suspension period on 01 June 2020. Resumption of Repayment and Interest Accrual of Government Loans
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At a Glance
Need more financing? Study Loan provides you extra funds while you are studying.
- University
- Polytechnics
University
Key Features
- Up to 20% of the subsidized tuition fees payable by Singapore student and or up to S$3,600 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 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
- 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.
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 |
Repayment
- 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 a minimum of $100.
How to apply
- Please refer to the respective institution's website for application.
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
- All full-time Singapore Citizens or Permanent Residents diploma students studying in any of the local polytechnics 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
For the full criteria for guarantor, please refer to respective institution's website for more details.
Apply now
- Please refer to the respective institution's website for application.
There are different loans from different institutions.
For terms and conditions, please refer to the respective institution’s website.
For Study 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 downloading a soft copy from the DBS website here.
Important Note
Proof of Residential Address
For applicants who do not have a deposit account or any other existing relationship with DBS, we will require a proof of the residential address that is listed on the application form.
For SG/PR applicants who have listed the same address as shown on the NRIC, we do not require the proof of residential address.
Acceptable Documents as proof of residential address:
School Letters
- Any correspondence from School to Borrower at the listed address
- If staying in Hostel, letter to confirm that the student is staying in the hostel
Note: Date range of letters provided have to be within 3 months of application e.g. If applying in Oct, acceptable range will be between Aug - Oct
Other Documents
- Telephone Bills
- Utility Bills
- Credit Card or Bank Statements
Note: If the bills or statements reflect the parent’s name instead of the student’s, proof of relationship such as birth certificates must also be provided
Updating of Personal Information
Existing DBS/POSB account holders are reminded to update the Bank of any change in their personal information i.e. mobile numbers and address before the submission of their loan applications.
Please click here for more information on updating your personal details through our digital channels.
Other Service Request
Other Service Request | |
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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 |
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