For Full-Time Programme

​​​Who is eligible?
All applicants (Singapore, SPR or International) pursuing their undergraduate degree* are eligible for the loan regardless of family income.

*Note:

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


Quantum
The Tuition Fee Loan covers up to 90% of subsidised tuition fee payable by Singaporeans for a similar programme. It does not cover compulsory miscellaneous fees and hostel fee.

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.

Administration of Loan
The University has appointed Development Bank of Singapore (DBS Bank) and Oversea-Chinese Banking Corporation (OCBC Bank) as agents to administer the Tuition Fee Loan Scheme.

Guarantor

  1. One guarantor aged 21 to 60 years (based on the guarantor's age at the point of application), and not an un-discharged bankrupt.
  2. There is no income qualification.
  3. 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.

     4. A person is discouraged from standing in for more than 2 loans in view of the financial implications.


Interest
An interest rate at the average of the prime rates of the following banks, DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time by the bank will be charged upon graduation. Interest will be accrued on a monthly basis.

(Examples of interest commencement date:- If your final examination result slip releases in June, interest will commence on 1st August of the same year. If your final examination result slip releases in December, interest will commence on 1st February of the following year).

Repayment

  • Repayment of loan can be in one lump sum or by equal monthly instalments commencing not later than two years from the date that interest is first chargeable on the loan or upon securing employment whichever is earlier.
  • The minimum amount of repayment is S$100 per month and the maximum repayment period is 20 years.
  • In the event that the student leaves the University without completing the programme of study, the loan outstanding will immediately become due and payable. He may, however, repay the outstanding sum by monthly instalments on such terms and conditions as the University may allow depending on the circumstances of each case.


Late Payment Charge
Penalty interest will be levied at the rate of 1% per month on instalments in arrears.

How to apply

  1. Students who wish to apply for the Tuition Fee Loan are required to complete the TFL Form and visit the bank together with your guarantor during the application period listed below.
  2. You need only apply once for this loan to cover you for the duration of your programme at NTU.
  3. Click here for the application flow. 
     

Application period: 

TFL to take effect from:

Application Period

Semester 1 AY2019/2020

Up to 15 August 2019

16 August 2019 to 31 December 2019 (late application period^)

(After 31 December, if you have outstanding Semester 1 AY2019/2020 tuition fees and would like to apply for TFL to take effect from Semester 1 AY2019/2020, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

Semester 2 AY2019/2020

Up to 15 January 2020

16 January 2020 to 31 July 2020 (late application period^)

(After 31 July, if you have outstanding Semester 2 AY2019/2020 tuition fees and would like to apply for TFL to take effect from Semester 2 AY2019/2020, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

​Semester 3 AY2019/2020
(Special Term)

Up to 30 April 2020

1 May 2020 to 31 July 2020 (late application period^)

(After 31 July, if you have outstanding Semester 3 AY2019/2020 tuition fees and would like to apply for TFL to take effect from Semester 3 AY2019/2020, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

 

TFL to take effect from:

Application Period

Semester 1 AY2020/2021

Up to 15 August 2020

16 August 2020 to 31 December 2020 (late application period^)

(After 31 December, if you have outstanding Semester 1 AY2020/2021 tuition fees and would like to apply for TFL to take effect from Semester 1 AY2020/2021, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

Semester 2 AY2020/2021

Up to 15 January 2021

16 January 2021 to 31 July 2021 (late application period^)

(After 31 July, if you have outstanding Semester 2 AY2020/2021 tuition fees and would like to apply for TFL to take effect from Semester 2 AY2020/2021, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

​Semester 3 AY2020/2021
(Special Term)

​Up to 30 April 2021

1 May 2021 to 31 July 2021 (late application period^)

(After 31 July, if you have outstanding Semester 3 AY2020/2021 tuition fees and would like to apply for TFL to take effect from Semester 3 AY2020/2021, request for an email approval from NSS Finance - Financial Aid Operations (email addr: Finaid@ntu.edu.sg) before submitting your TFL form to the bank.)

 

^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.

 

Further Enquiries

  • Development Bank of Singapore (DBS Bank)
    Tel: 6333 0033
  • Overseas-Chinese Banking Corporation (OCBC Bank)
    Tel: 1800 363 3333 (within Singapore) / +65-6363 3333 (outside Singapore)

 

Share Article