NTU Study Loan

For Full-Time Programme

Go to NTU Study Loan for Part-time Programme

The NTU Study Loan is meant for both local and international NTU undergraduates* who require assistance to finance their tuition fees and/or living expenses.

Please note that the NTU Study Loan is not a guaranteed loan and will be awarded only to those who meet the eligibility criteria.

* Note:

  • Students will only be covered under the scheme for the first 3 years of the Biomedical Sciences & Chinese Medicine programme.
  • International students paying non-subsidised tuition fees are not eligible to apply for financial aid schemes.

Who is eligible?

  • Must be held concurrently with one or combination of following schemes: Tuition Fee Loan / CPF Education Scheme / Mendaki Subsidy or Loan Schemes / PSEA.
  • For Singaporean and SPR students, the Per capita monthly household income (PCI) must be ≤ S$2,400 (with effect from AY2008-09).  
  • For International students, the Per capita monthly household income (PCI) must be ≤ S$1,200 (with effect from AY2008-09).

PCI  =

Gross income of family members in household 

Total number of family members in household 

               Gross income refers to amount before deduction of CPF. It includes allowances, overtime, commissions etc.

Quantum

The Study Loan is a 2-in-1 loan which finances part of the tuition fees and living costs.

Per Capita Monthly Household Income Students applying for / have been granted Loan amount

(a1)

 

 

≤ S$2,400 (for SG and SPR students)

≤ S$1,200 (for International students)

(Loan is interest bearing after graduation)

 Maximum Tuition Fee Loan (TFL) of 90% of the subsidised tuition fees payable by Singaporeans

Tuition Fee Loan component
10% of the subsidised tuition fee payable by Singaporeans

Living allowance loan component
May also opt to apply for a living allowance loan of S$1,200, S$2,400 or S$3,600 per AY. Loan is disbursed in Sem 1 and 2

(a2)

 CPF Education Scheme (CPF) covering 90% of the subsidised tuition fees payable by Singaporeans
(a3) Combination of TFL / CPF / Mendaki TTFS / PSEA covering 90% of the subsidised tuition fees payable by Singaporeans

(b1)

 

 

≤ S$2,400 (for SG and SPR students)

≤ S$1,200 (for International students)

(Loan is interest bearing after graduation)

 CPF Education Scheme (CPF) covering 100% of the subsidised tuition fees payable by Singaporeans

Living allowance loan component
Living allowance loan of S$1,200, S$2,400 or S$3,600 per AY. Loan is disbursed in Sem 1 and 2

(b2) Mendaki Tertiary Tuition Fee Subsidy (Mendaki TTFS) covering 100% of the subsidised tuition fees payable by Singaporeans
(b3) Combination of TFL / CPF / Mendaki TTFS / PSEA covering 100% of the subsidised tuition fees payable by Singaporeans
(c1)

≤ S$500 (for SG and SPR students)

(Loan is interest free up to 5 years after graduation)

 Maximum Tuition Fee Loan (TFL) of 80% of the subsidised tuition fees payable by Singaporeans

Tuition Fee Loan component
20% of the subsidised tuition fee payable by Singaporeans

Living allowance loan component
May also opt to apply for a living allowance loan of S$1,200, S$2,400 or S$3,600 per AY. Loan is disbursed in Sem 1 and 2

(c2) CPF Education Scheme (CPF) covering 80% of the subsidised tuition fees payable by Singaporeans
(c3) Combination of TFL / CPF / Mendaki TTFS / PSEA covering 80% of the subsidised tuition fees payable by Singaporeans

Guarantor requirements

  1. One guarantor.
  2. Guarantor must be aged 21 - 60 years and not a bankrupt.
  3. A loan applicant who is a:
    • Singaporean student to provide a Singaporean guarantor.
    • SPR students to provide a Singaporean / SPR guarantor.
    • International students to provide a guarantor of any nationality.
  4. Person who is also a loan applicant should not stand in as a guarantor for another loan applicant.
  5. A person must not stand in as a guarantor for more than two loans.
  6. A student of Nanyang Technological University who satisfies  (2), (3) and (4) may also act as a guarantor. However, a student who is holding Tuition Fee Loan / loan from CPF Education Scheme or any other form of loan should not stand as a guarantor.

Interest

  • Interest free during studies.
  • For Singaporeans and SPRs, loan is interest-free up to 5 years after graduation if PCI < S$500. Otherwise, the loan will be interest bearing after graduation.
  • Interest rate will be based on the average prime lending rate of the three local banks (DBS, OCBC and UOB).
  • For international students, the loan is interest bearing after graduation regardless of PCI.

Repayment

Commences 6 months after graduation or securing employment, whichever is earlier.
Repayment period:

  • Up to 5 years (if loan is interest waived) or
  • Up to 20 years (if loan is interest bearing).

How to apply

Existing students:

  • Apply online through StudentLink during the application period.
  • Submit supporting documents in person or by post within 7 calender days upon your online application.
  • Outcome of your loan will be informed to you via your NTU Student Email Account within 3 weeks of receipt of all the necessary documents.
  • You need only apply once for this loan to cover you for the duration of your programme at NTU.

Application period

Application for AY2009-10 Semester 2

  • AY2009-10 Semester 2:  4 January 2010 - 29 January 2010