At a Glance

Enjoy a government funded education loan that is offered by local institutions and administered by DBS Bank. Our loans are available to Singapore Citizens, Permanent Residents, and non Singapore Citizen/Permanent Resident students who are studying in the respective local institutions:^*

• University / NIE
• Polytechnic

^* Local institutions refer to Singapore Polytechnic, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Republic Polytechnic, Singapore Institute of Technology, National University of Singapore, Nanyang Technological University, Singapore University of Social Sciences and Singapore University of Technology and Design. For Terms and Conditions, please refer to the respective institutions.

For Tuition Fee 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.

University / NIE

Key Features

• Up to 90% of the subsidized tuition fees payable by Singapore students.¹
• Interest-free during the course of study, charged at an average prime rate of DBS, OCBC, and UOB after graduation.
• Up to 20 years repayment period, which starts after course completion.
• Minimum monthly repayment of $100.

Eligibility²

• All students studying in any of the local universities or NIE are eligible for this loan 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

Repayment

• Maximum repayment period of 20 years
• Repayment will commence no later than 2 years after graduation
• Repayment of loan can be in one lump sum or by equal monthly instalments of minimum $100.

How to Apply

• Download and complete the application form and letter of offer from the respective universities.³
• Together with Guarantor, head down to our dedicated counter at:

  DBS Raffles Place Branch
  22 Malacca St #01-00 RB Capital Building
  Singapore 048980

  Operating hours:
  Mondays to Fridays: 8:30am to 4:30pm
  Saturdays: 8:30am to 1pm
  Excluding Sundays and Public Holidays

• Bring along the following:
  • Application Form
  • Letter of Offer
  • Student Card/Letter of Acceptance
  • NRIC / Passport (Student and Guarantor)

Note

¹ TFL does not cover hostel fees, purchase of computer and personal allowance.
² Some courses of study are not eligible for TFL. Please refer to your respective institutions' website for courses that are eligible for Tuition Fee Loan
³ For Terms and Conditions, please refer to the respective institutions.

Polytechnic

Key Features

• Up to 75% of the subsidized tuition fees¹.
• Interest-free during the course of study, charged at an average prime rate of DBS, OCBC, and UOB after graduation.
• Up to 10 years repayment period, which starts after course completion.
• Minimum monthly repayment of $100.

Eligibility

• All full-time subsidized diploma students studying in any of the local polytechnics are eligible for this loan 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
• There is no income requirement and age restriction.

Guarantor

• Aged from 21 to 60 years
• Is not an undischarged bankrupt

Repayment

• Maximum repayment period of 10 years
• Repayment will commence no later than 1 year after graduation
• Repayment of loan can be in one lump sum or by equal monthly instalments of minimum $100.

How to Apply

• Download and complete the application form and letter of offer from the respective polytechnics.²
• Together with Guarantor, head down to our dedicated counter at:

  DBS Raffles Place Branch
  22 Malacca St #01-00 RB Capital Building
  Singapore 048980

  Operating hours:
  Mondays to Fridays: 8:30am to 4:30pm
  Saturdays: 8:30am to 1pm
  Excluding Sundays and Public Holidays

• Bring along the following:
  • Application Form
  • Letter of Offer
  • Student Card/Letter of Acceptance
  • NRIC / Passport (Student and Guarantor)

Note

¹ TFL does not cover hostel fees, purchase of computer and personal allowance.
² Students can get the application form and letter of offer from the respective polytechnics.
For Terms and Conditions, please refer to the respective institutions.

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.

Other Service Request