Tuition Fee Loan
At a Glance

Borrow up to 90% of your tuition fees
90% of your subsidised tuition fees for University/NIE Singapore students (or 75% for Polytechnic 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 Tuition Fee 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 Tuition Fee 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 the below list of tertiary institutions.
Students from University
Key Features
- Up to 90% of the subsidized tuition fees 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 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
- 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
Student |
Guarantor |
---|---|
Singaporean |
Singaporean |
Permanent Resident |
Singaporean / Permanent Resident |
International |
Singaporean / Permanent Resident / International |
Students from Polytechnic
Key Features
- Up to 75% of the subsidised tuition fees.
- 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
- Students studying 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
- 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
- There is no income requirement and age restriction.
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.
- Download and complete the application form and letter of offer from the respective institutions.
- Together with your 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
- DBS Raffles Place Branch
- Bring along the following:
- Application Form
- Letter of Offer
- Student Card/Letter of Acceptance
- NRIC / Passport (Student and Guarantor)
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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