Focus on your studies without worrying about your finances. Our Tuition Fee Loan (provided by the Ministry of Education) offers NUS, NTU and NIE students the flexibility of paying off loans without burning a hole in the pocket.

benefits

• Subsidise up to 90% of tuition fee amount*
• Interest-free while you study (it starts when you graduate)
• Start repaying once you graduate or up to as late as 2 years after graduation
• Take up to 20 years to repay
• Repay in one lump sum or in equal monthly instalments of at least S$100

* Based on a Singapore citizen’s tuition fee

Fees & Charges

• Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB)
• Additional loan interest of 1% per month on the outstanding loan will be charged if you do not start repaying minimum S$100 monthly within 2 years from graduation*
• Late interest of 1% per month on the outstanding amount will be charged if repayment is late

*Interest commencement date is set by university

Eligibility

• No age restrictions
• You must be a full-time or part-time undergraduate (NUS, NTU and NIE)
• For selected NTU part-time and postgraduate courses only
• Application period is open prior to the start of the new semester^#

^#Application period is set by university

Guarantor Eligibility Criteria

• You will need a guarantor to apply for this loan. A guarantor is someone who will repay your loan if you are unable to make repayments in future
• 21 to 60 years old
• Not a bankrupt
• Has the following nationality, depending on your nationality: