Repayment Modes
Important Update (as of 03 Nov 2021) Please be updated that for students with monthly repayments set up via GIRO that the monthly deductions will only resume on 1 November 2021. Loan Accounts with GIRO monthly repayments set up will be monitored for late fees charged and will be reversed accordingly if incurred due to non-deduction of monthly instalments/non-payment made in October. Kindly note that the deduction amount on 1 November 2021 is also inclusive of any outstanding instalment amounts from prior to the suspension period on 01 June 2020. Resumption of Repayment and Interest Accrual of Government Loans
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Repayment via DBS digibot
Repayment Types available on DBS digibot
- Monthly Instalment
- Partial/Adhoc Repayment
- Full Repayment
Important information
- Please ensure pop up blocker is disabled for authentication purpose.
- Authentication via your iBanking login or Card & PIN is required before we proceed with your request.
- Processing time for Partial/Adhoc/Full Repayment is up to 3 working days
- Processing time for Monthly Instalment is up to 7 working days
- Please note that digibot services for repayment of Tuition Fee Loan (TFL), Study Loan (SL) and Computer Loan (CL) is only applicable for the First Party to the loan i.e. The Borrower. If you are a Guarantor or a Third Party to the loan who wants to make a repayment, please explore one of the alternative repayment options further below.
How to use our digibot services
- Click the button below and complete the Authentication Process.
- Follow the Guided Conversation to submit your repayment requests instantly!
Repayment via Internet Banking
Repayment Type | Instructions / Steps |
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Monthly Instalment Note : Processing time is up to 7 working days |
Alternatively you may download, complete and submit the Repayment slip.
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Full / Partial / Adhoc Repayment Note : Processing time is up to 3 working days |
Alternatively you may download, complete and submit the Repayment slip.
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Other Repayment Channels
- Cheque Payment
Payee Name: DBS Bank Ltd
Please indicate the TFL/SL/CL account number and Passport/NRIC for reference and drop the cheque at the Quick Cheque Deposit Box - Cash Payment at Branch
- Telegraphic / Wire Transfer
Beneficiary: DBS BANK, Current Account 003-957600-5
Reference: TFL/SL/CL account ref: XX-XXXXXX-X
Singapore DBS Bank SWIFT address: DBSSSGSG
Note: Kindly take note of transfer charges (if any) so that there will not be a shortfall in the settlement amount. - Repayment using PSEA Funds
Application may be made to MOE to utilize PSEA funds to make repayment towards their loans.
For more information on PSEA usage, eligibility and application, please visit https://www.moe.gov.sg/financial-matters/psea
For other PSEA related queries you may also refer to the PSEA FAQ at https://va.ecitizen.gov.sg/cfp/customerPages/moe/explorefaq.aspx?Category=3665
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.
Appeal to repay for Withdrawn Loans via Monthly Instalments
For appeals to repay for Withdrawn loans via monthly instalments, please submit the appeal request along with all relevant supporting documents
Submit appeal request hereOther Service Request | |
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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 |
Related Loans | |
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