Tuition Fee Loan

Key Features

• Up to 90% of the subsidized tuition fees payable by Singapore students.
• Interest-free during the course of study
• For applications submitted before 1 Apr 2024, interest is charged at average prime rate of DBS, OCBC, and UOB. For applications from 1 Apr 2024 onwards, please click here for details.
• 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)
  • LASALLE College of the 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

Upon your graduation, you will receive a letter from us on your loan repayment commencement date.

You can view the repayment options here.

The minimum repayment is S$100 per month. You can pay either a full lump-sum payment or by equal monthly instalments.

The maximum repayment period for the loan is 20 years (for University) and 10 years (for Polytechnic) from the commencement of the first repayment.

Yes, the loan is interest free during your course of study. Partial repayment can be made anytime to reduce your loan outstanding. For full repayment, it is subject to institution’s confirmation on the final outstanding amount.

Repayment via monthly instalment through GIRO is not allowed for loan which are yet to be graduated/withdrawn.

Yes, application may be made to MOE to utilize PSEA funds to make repayment towards your loans.

For more information on PSEA usage, eligibility and application, please click here.

For other PSEA related queries you may also refer to the PSEA FAQ.

Note: Interest will continue to accrue during the processing period. PSEA funds also cannot be used for loans or amounts that had already been paid. If you do not wish to incur any accrued interest on the loan, please consider other non-PSEA immediate repayment options as listed above.

You can submit your request here and is subjected to Approving Authority’s approval. Please allow 2 to 3 months for Approving Authority’s review. The outcome will be notified to you via mail.

Do note that prior to the Approving Authority’s approval of this appeal, interest on the loan (if applicable) will continue to accrue and repayment will still be required.

We will withdraw the loan upon receiving the instructions from your respective institution, the loan outstanding will become due and payable in full by you immediately.

You will receive a letter via mail on the outstanding amount.

You may submit the appeal to repay via monthly instalments request here along with all relevant supporting documents.

We will notify you via mail once the appeal is approved. Do note that prior to the approval of this appeal, repayment will still be expected and late fee will still be charged if no payment is received.

No, you will receive an annual loan statement from the bank stating the amount that you have borrowed and repaid. Alternatively, you can check your digibank for the outstanding loan balance as of current cycle.