Eligibility

Students must be full-time Singaporeans or Singapore PR students. The loan will be awarded only to students who need financial support to maintain living expenses.

Only students who have applied for the Tuition Fee Loan Scheme and/or who have been awarded a tuition fee loan/subsidy through the CPF Approved Education Scheme, Mendaki, or Study Loan A provided that the total amount of the aforementioned loan and/or subsidy is NOT less than 100% of the tuition fees.

Loan Amount

Component B: Up to $2000 for any 2 consecutive semesters, to meet living expenses.

Period applicable

The application period starts two (2) weeks before the start of Semester I of each AY, and is open for five (5) weeks. Newly enrolled students can apply during enrolment.

How to Apply

Student can submit an online application form at this website here, then print out the declaration form, complete with the required signatures. Students should submit the declaration form together with the required supporting documents to One-Stop Centre. Newly enrolled students should get ready to submit at the enrolment center.
 

Supporting documents
For all applicants, the supporting documents include a copy of student’s NRIC, a copy of the family members’ NRIC (if not, then birth certificates) and income statements of family members who are gainfully employed.

Interest Rate

Interest will accrue immediately upon graduation. For those with NS obligations, the interest will be charged 1 month after ORD.

Other details to note

Loans will be repaid over 2 years (Tier 1) or 5 years (Tier 2), beginning on 1st June or 1st December depending on the semester you graduate.

If you leave the course without completing the study, the loan will become immediately due and payable. For those with NS obligations, repayment will commence 2 months after completion of NS.

Minimum amount of repayment a month: $100. Penalty interest will be charged at the rate of 1% per month for installments in arrears.