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 Foreign students who are studying in the respective local institutions:*

  • University / NIE
  • Polytechnic

1 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, SIM University and Singapore University of Technology and Design.
2 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 (a) downloading a soft copy from the DBS website here; or (b) obtaining a hard copy from a DBS/POSB branch

 

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
    • Foreign 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 discharged as a bankrupt
StudentGuarantor
Singaporean Singaporean
Permanent Resident Singaporean / Permanent Resident
International Singaporean / Permanent Resident / International

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

  • Fill up the application form and letter of offer.3
  • Together with guarantor, bring the following to any DBS branch
    - Application Form
    - Letter of Offer
    - 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 Students can get the application form and letter of offer from the respective universities.
4 For Terms and Conditions, please refer to the respective institutions.

 

Polytechnic

Key Features

  • Up to 75% of the subsidized tuition fees1 payable by Singapore students.
  • 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 discharged as a bankrupt
StudentGuarantor
Singaporean Singaporean
Permanent Resident Singaporean / Permanent Resident
International Singaporean / Permanent Resident

Repayment

  • Maximum repayment period of 10 years
  • Repayment of loan can be in one lump sum or by equal monthly instalments of a minimum of $100

How to apply

  • Fill up the application form and letter of offer#
  • Together with your guarantor, bring the following to any DBS branch:
    • Application Form
    • Letter of Offer
    • NRIC / Passport (for both student and guarantor)
    • Letter of admission (for new students), student card (for existing students)

Repayment

  • Maximum repayment period of 10 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

  • Fill up the application form and letter of offer.2
  • Together with guarantor, bring the following to any DBS branch
    - Application Form
    - Letter of Offer
    - 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.

^ TFL does not cover hostel fees, purchase of computer, and personal allowance.
# Students can get the application form and letter of offer from the respective institutions.
For terms and conditions, please refer to the respective institution’s website.