Fund your education with DBS Further Study Assist

For single applicant (without guarantor), you can apply via online form.

If you are applying with a guarantor, you can download the application form here.

The maximum credit limit is 10 times of your monthly income or your unpaid course fees, capped at S$160,000, whichever is lower. Please note that the bank has the discretion to grant a lower limit which may be different from what you have requested.

Interest is computed on a monthly rest basis and is based on 365 days regardless of leap year.

Yes. There is a 2.5% one time processing fee that will be deducted from the approved loan.

Example:

Approved Loan amount : S$10,000

2.5% processing fee of loan : S$250

Disbursement amount received: S$9,750

• Below the age of 21 years old;
• Studying on a full time basis;
• Studying overseas;
• Do not meet the minimum income eligibility of S$18,000 per annum; or
• Require a loan amount which is higher than your eligible credit limit.

We will process your application within 7 working days. Applications not accompanied with required documents or with incomplete information will result in a delay in processing. We will notify you via your registered email if we require further clarifications / documentations.

Upon approval/decline, you will receive an email notification. For approved loan application, you will receive a welcome letter to your address.

A direct credit via Telegraphic Transfer/MEPS will be made to the designated Institution’s account provided in your application. You can check with your institution on the payment status if required.

No, the loan amount will be disbursed via Telegraphic Transfer/MEPS directly to the designated Institution’s account.

No, the loan amount cannot be increased once the loan has been approved.

Repayment will commence the following month after your loan is approved.

No. You are required to start your monthly repayments the month after your loan is approved.

Yes. The minimum loan amount is S$2000.

No. The monthly repayment must be made via a DBS/POSB bank account belonging to you or your guarantor. You may open an account here.

The monthly instalment amount will be deducted from your designated DBS/POSB savings account. Monthly instalment will be automatically deducted on the 1st of every month.