For Part-Time Programme

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The NTU Study Loan (PT) is open to Singaporean part-time undergraduates who require assistance to finance their tuition fee.

Who is eligible?

  • Open to Singaporean part-time students pursuing their first undergraduate degree.
  • Must be held concurrently with the maximum 90% Tuition Fee Loan.
  • Per capita monthly household income (PCI) <= S$2,700.
PCI =
Gross income of family members in household
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Total number of family members in household

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

Quantum

  • Balance of 10% of tuition fee payable.
  • No Living Allowance Loan option.


Guarantor requirements

  • One Singaporean 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 person is discouraged from standing in for more than 2 loans in view of the financial implications.


Interest

  • Interest free during studies.
  • 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).


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

  • Please click here for Application form.
  • Freshmen, please apply only after you have matriculated online.
  • You need only apply once for this loan to cover you for the entire duration of your programme in NTU.
  • Submit supporting documents and Document Checklist.
  • Outcome of your application will be informed to you via your NTU student email account.
  • 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.
  • The Study loan fund will only be released by the NSS-Finance after the Loan Agreement is duly signed by both yourself and the guarantor.


Application Period

Application for AY2020/2021:

SL to take effect from AY2020/2021 Semester 1 Application Period​Outcome
  • 2020 Freshmen (Singapore Citizens only)
  • Existing students (Singapore Citizens only)

 

​1 June 2020 to 30 June 2020(^) ​By mid-July 2020

 ^For late applications submitted after 30 June 2020, 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.

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