For Full-Time Programme

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

*Note:

  1. Students will only be covered under the scheme for the first 3 years of the Biomedical Sciences & Chinese Medicine programme.
  2. SPR/International students paying non-subsidised tuition fees are not eligible to apply for financial aid schemes.
  3. The NTU Study Loan is not a guaranteed loan and will be awarded only to those who meet the eligibility criteria.


Who is eligible?

  • Must be held concurrently with one or combination of the following schemes: Tuition Fee Loan / CPF Education Scheme / Mendaki Tertiary Tuition Fee Subsidy / Mendaki Loan / Post Secondary Education Account.
  • For Singaporean and SPR students, the Per capita monthly household income (PCI) must be S$2,700 (with effect from AY2015-16).
  • For International students, the Per capita monthly household income (PCI) must be S$1,200.

 

    Depending on your household Per Capita Income (PCI), the above scheme(s) must cover at least 80% or 90% of the subsidised tuition fees payable by Singaporeans for a similar programme of study before the Study Loan funds can be disbursed for each semester.

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 Requirement Interest Study Loan (SL) amount
(A)

For SG and SPR students: PCI S$2,700

For International students: PCI S$1,200

An amount equivalent to at least 90% of the subsidised tuition fees payable by Singaporeans, must be funded by either one or more of the following schemes in combination.

  • Tuition Fee Loan and/or
  • CPF education scheme (CPF) and/or
  • Mendaki Tertiary Tuition Fee Subsidy and/or
  • Mendaki Loan and/or
  • Post Secondary Education Account (PSEA)
Interest bearing after graduation
  • Up to 10% of the subsidised tuition fee payable by Singaporeans.
  • 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 Semester 1 and 2.
(B)For SG and SPR students: PCI S$950

An amount equivalent to at least 80% of the subsidised tuition fees payable by Singaporeans, must be funded by either one or more of the following schemes in combination.

  • Tuition Fee Loan and/or
  • CPF education scheme (CPF) and/or
  • Mendaki Tertiary Tuition Fee Subsidy and/or
  • Mendaki Loan and/or
  • Post Secondary Education Account (PSEA)
Interest free up to 5 years after graduation
  • Up to 20% of the subsidised tuition fee payable by Singaporeans.
  • 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 Semester 1 and 2.

Note: For SPR and international students who take up both the Tuition Fee Loan and Study Loan, you will only receive a total loan amount equivalent to the subsidised tuition fees payable by Singaporeans for a similar programme of study. As the subsidised tuition fees for SPR and international students are higher than the fees for Singaporean students, the loans will not cover your tuition fees in full.

Disbursement of funds
For students who are using a combination of loans &/or subsidies to settle their MOE subsidised tuition fees, the disbursement sequence is as follows:

  1. Mendaki Tertiary Tuition fee Subsidies (MTTFS) where applicable
  2. PSEA funds where applicable
  3. CPF funds under the CPF Education Scheme where applicable
  4. Tuition Fee Loan (TFL) where applicable
  5. Study Loan (SL) where applicable
  6. NTU/MOE/Donated Bursary where applicable
  7. GIRO deduction from students' own account/other account (for those with a GIRO arrangement with NTU to pay their semestral tuition & compulsory miscellaneous fees) 

The total disbursements shall not exceed the amount of tuition, compulsory miscellaneous and late fees payable.

  • Living Allowance Loan funds will be used to offset any tuition / compulsory miscellaneous fees that are still outstanding at the point of the funds disbursement.

 

Guarantor requirements

  • One guarantor aged 21 to 60 years (based on the guarantor's age at the point of application), and not an un-discharged bankrupt.
  • There is no income qualification.
  • A loan applicant who is a:
    • Singaporean student to provide a Singaporean guarantor.
    • Singapore Permanent Resident student to provide a Singaporean/Singapore Permanent Resident guarantor.
    • International students to provide a guarantor of any nationality.
  • A person is discouraged from standing in for more than 2 loans in view of the financial implications.


Interest

  • Interest free during studies.
  • For Singaporeans and SPRs, loan is interest-free up to 5 years after graduation if PCI S$950. 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

  • You need only apply once for this loan to cover you for the duration of your programme at NTU. If you had already applied for this loan, you do not need to apply again.
  • Successful applicants are required to accept the offer online. After you have accepted the offer, NSS-Finance will contact you to arrange an appointment for you and your guarantor to sign the Loan Agreement in their office. If your guarantor is not in Singapore, you may collect the Loan Agreement at the NSS-Finance and send it to your guarantor to sign in the presence of Notary Public.
  • The Study Loan fund will only be released by NSS-Finance after the Loan Agreement is duly signed by both yourself and the guarantor, subject to bank's approval.

 

Existing students (all nationalities)

and

New students who accepted a place in NTU prior to AY2020 and starting the school term in May 2020

  • Apply online through StudentLink during the application period.
  • Submit supporting documents in person or by post within 7 calendar days upon your online application.
  • Outcome of your Study Loan application will be informed via your NTU Student Email Account.
  • Successful applicants are required to accept the offer online.

New students who accepted a place in NTU prior to AY2020 and starting the school term in August 2020

and

International Baccalaureate / NUS High School Diploma students applying for a programme in NTU in Year 2020 to start the school term in August 2020

  • In June, you will receive an email from Office of Admissions which contains a link for you to obtain your matriculation number. After you have obtained your matriculation number, the Study Loan application link can be found in the 'Online Acceptance Form' under the section 'Financial Assistance Scheme'.
  • You are to submit the necessary supporting documents in person or by post within 7 calendar days of your online application.
  • Outcome of your Study Loan application will be informed via your NTU Student Email Account.
  • Successful applicants are required to accept the offer online.

Singapore-Cambridge 'A' Level / Polytechnic Diploma students applying for a programme in NTU in Year 2020 to start the school term in August 2020

  • After you have submitted your admission application online, apply for a Study Loan during the Study Loan application period via the "Apply for Study Loan/Bursary" button found in your "Admission Application Status Menu".
  • Submit the required supporting document (Income and ID documentswithin 2 weeks after you have accepted your admission offer.
  • Outcome of your Financial Assistance application will be informed to you via your NTU Student Email Account within 6 weeks after the receipt of all the required documents and after you have obtained your matriculation number.
  • Successful applicants are to accept the offer online.
  • Click here to view your application status.

Students with international qualifications who are applying for a programme in NTU in Year 2020 to start the school term in August 2020

  • After you have obtained your matriculation number, the Study Loan application link can be found in the 'Online Acceptance Form' under the section 'Financial Assistance Scheme'.
  • You are to submit the necessary supporting documents in person or by post within 7 calendar days of your online application.
  • Actual outcome of your Study Loan application will be informed to you via your NTU Student Email Account upon the receipt of all the required documents. Successful applicants are to accept the offer online.

 

Application period

Application period for AY2019-2020:

Existing students
SL to take effect from Application PeriodComplete Loan Agreement signing by:

​Semester 1 AY2019/2020

15 January 2019 to 15 March 2019

1 June 2019 to 30 June 2019

1 July 2019 to 15 August 2019 (late application period^)

30 November 2019*
​​Semester 2 AY2019/2020​​​1 ​November 2019 to 15 November 201931 March 2020*

​​Semester 3 AY2019/2020 (Special Term)

                 

Email to finaid@ntu.edu.sg to request for access to apply via StudentLink.

 

Application period for AY2020-2021:

Existing students
SL to take effect from Application PeriodComplete Loan Agreement signing by:

​Semester 1 AY2020/2021

15 January 2020 to 15 March 2020

1 June 2020 to 30 June 2020

1 July 2020 to 15 August 2020 (late application period^)

30 November 2020*
​Semester 2 AY2020/2021​1 ​November 2020 to 15 November 202031 March 2021*

​Semester 3 AY2020/2021 (Special Term)

 

Email to finaid@ntu.edu.sg to request for access to apply via StudentLink.

 

2020 Freshmen  
​​SL to take effect from Semester 1 AY2020/2021Application Period​​Complete Loan Agreement signing by:

Singapore-Cambridge 'A' Level / Polytechnic Diploma students applying for a programme in NTU in Year 2020 to start the school term in August 2020

Using your admission application number, apply via the "Apply for Study Loan" button found in your "Admission Application Status Menu":

1 February 2020 to 10 April 2020

Only if you have not submitted a Study Loan application in February to April 2020

After you have obtained your matriculation number, apply via the link in the section "Financial Assistance Scheme" found in the "Online Acceptance Form".

1 June 2020 to 30 June 2020

1 July 2020 to 15 August 2020 (late application period^)

 

 

 

 

 

 

 

 

 

 

 

30 November 2020*​ ​ ​ ​

​Students who accepted a place in NTU prior to 2020 and starting new school term in May 2020

Apply via StudentLink:

20 March 2020 to 25 March 2020 (tentative)

1 June 2020 to 30 June 2020

1 July 2020 to 15 August 2020 (late application period^)

Students who accepted a place in NTU prior to 2020 and starting new school term in August 2020

International Baccalaureate / NUS High School Diploma students who accepted a place in NTU in Year 2020 to start the school term in August 2020

After you have obtained your matriculation number, apply via the link in the section "Financial Assistance Scheme" found in the "Online Acceptance Form":

1 June 2020 to 30 June 2020

1 July 2020 to 15 August 2020 (late application period^)

​​Students with international qualifications who accepted a place in NTU in Year 2020 to start the school term in August 2020

​After you have obtained your matriculation number, apply via the link in the section "Financial Assistance Scheme" found in the "Online Acceptance Form":

Apply within 2 weeks after you have accepted your admission offer OR by 30 June 2020 (whichever is earlier).

1 July 2020 to 15 August 2020 (late application period^)

​New students starting the school term after AY2020

​Apply in the actual year of admissions

     

^For late applications, the loan may not be disbursed in time to be reflected in your e-bill and to finance your tuition fees by payment due date.  For overdue payments, a late payment fee is charged.

*If Study Loan agreement is not signed by the stipulated deadline, the offer will be lapsed and you will be required to submit your study Loan application again. Email to finaid@ntu.edu.sg to request for access.

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