Study Loan
Borrow liquid cash at low interest with flexible repayment options.
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
- No financial worries as you embark on your education journey
Zero interest and repayments while you’re studying
- Interest (for interest bearing loans) will only start accruing after your graduation
- Deferment applicable for male polytechnic students who have to serve National Service after graduation
Repay as low as $100 a month
- Start with the minimum repayment amount and increase as your finances allow
How it works
You would be able to apply Study Loan online from 16 June 2023.
In the meantime, please read through this guide to learn more about what you need to prepare in advance to be able to submit your Study Loan application online when the time comes.
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
- National University of Singapore
- 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
- Nanyang Polytechnic
- Ngee Ann Polytechnic
- Republic Polytechnic
- Singapore Polytechnic
- Temasek 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 / International |
Apply now
You would be able to submit your application online from 16 June 2023 onwards! Please get ready your digibank access by following these instructions.
Meanwhile, if you need to submit your application urgently or if you are applying the loan with a guarantor who is not a Singaporean/Permanent Resident and is not residing in Singapore, please follow the below instructions.
- 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.
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 |
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