Up to 20% of the subsidised tuition fees payable by Singapore student and or up to S$3,600 annual living allowance.
Interest-free during course of study.
For applications submitted before 1 Apr 2024, interest, if applicable during the course of study, charged at average prime rate of DBS, OCBC, and UOB after graduation. For applications from 1 Apr 2024 onwards, please click here for details.
Up to 20 years repayment period for interest bearing loan, and up to 5 years for interest free loan with repayment commencing after course completion.
Minimum monthly repayment of $100.
Eligibility
Singapore Citizens (SC), Permanent Residents (PR) or international students taking full-time subsidised undergraduate courses, or SCs taking part-time subsidised undergraduate courses in any of the below institutions:
Nanyang Academy of Fine Arts (Singaporeans & Singapore Permanent Residents only)
Nanyang Technological University
Singapore Institute of Technology
Singapore University of Social Sciences
Singapore University of Technology and Design
Have a gross monthly per capita income of $2,700 or less for SCs and PRs, or $1,200 or less for international students.
Fulfilling the above criteria, they are eligible for this loan if they have received financing for their tuition fee from at least one or a combination of the following:
Tuition Fee Loan
CPF Education Loan
MENDAKI Tertiary Tuition Fee Subsidy/Loan
Scholarship/grant
A fee subsidy/loan from a registered government agency
For the full criteria to apply for Study Loan, please refer to respective institution's website for more details.
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 25% of the subsidized tuition fees and or up to S$2,000 annual living allowance.
Interest-free during the course of study.
For applications submitted before 1 Apr 2024, interest, if applicable, is charged at average prime rate of DBS, OCBC, and UOB after graduation. For applications from 1 Apr 2024 onwards, please click here for details.
Up to 5 years repayment period for interest bearing loan, and up to 2 years for interest free loan with repayment commencing after course completion.
Minimum monthly repayment of $100.
Eligibility
Singapore Citizens or Permanent Residents taking full-time diploma courses in any of the below institutions:
Nanyang Academy of Fine Arts (Singaporeans & Singapore Permanent Residents only)
Nanyang Polytechnic
Ngee Ann Polytechnic
Republic Polytechnic
Have a gross monthly per capita income of $2,700 or less
Fulfilling the above criteria, they are eligible for this loan if they have taken up the following schemes:
Tuition Fee Loan Scheme
CPF Education Scheme
MENDAKI Subsidy Scheme/Loan
For the full criteria to apply for Study Loan, please refer to respective institution's website for more details.