Important Update (as of 11 Oct 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.

Resumption of Repayment and Interest Accrual of Government Loans

  1. The Ministry of education (MOE) had previously announced on 28 May 2021 that the suspension of the repayment and interest accrual of government loans would be extended until 30 September 2021. As such the repayment and interest for the Tuition Fee Loan (TFL), Study Loan (SL) and Overseas Student Programme Loan (OSPL) will resume from 1 October 2021.
  2. The resumption of Repayment and Interest Accrual will also apply to non-MOE funded loans administered by DBS Bank.
  3. Borrowers who were already repaying their loans via GIRO before the loan suspension will have their existing GIRO arrangement with the banks reactivated from 1 October 2021. No further action is needed from you. For those who have yet to make arrangements on the repayment, please make the necessary repayment arrangements before 1 October 2021.
  4. Please refer to FAQ for more details.
 

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.

 

How to apply

  • 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 (a) downloading a soft copy from the DBS website here; or (b) obtaining a hard copy from a DBS/POSB branch

 

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.

 

Repayments

Please click here for repayment modes and options.

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