MOE Tuition Fee Loan

The information below belongs to existing students under MOE Tuition Fee Loan. If you wish to apply for new/ additional loan, please refer to the HESL details here.

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

  1. Scholarship / Sponsorship
  2. Mendaki Tertiary Tuition Fee Subsidy (MTTFS)
  3. SkillsFuture Credit
  4. Bursary (Tuition Fee Offset) i.e. HECB/HEB - For Medicine Student
  5. Post Secondary Education Account (PSEA) Scheme
  6. CPF Education Loan Scheme
  7. Higher Education Student Loan (HESL) / MOE Tuition Fee Loan
  8. MOE Study Loan
  9. Other Bursaries (Living Allowance)

Financial assistance funds are applied first to outstanding tuition fees. Any remaining balance for living allowances will be disbursed after tuition fees are fully cleared.

  • Interest free during studies.
  • Interest will commence upon graduation. 
  • The following interest rates will be applicable to all new Government education loan (i.e. MOE Tuition Fee Loan, MOE Study Loan, Overseas Student Programme Loan) agreements signed on and after 1 April 2024.

    •  

    Standard interest* 3-month compounded Singapore Overnight Rate Average (3M SORA) plus 1.5 percentage points or such other rates as may be determined from time to time by the bank
    Late payment interest for overdue and unpaid loans/loan instalment 3M SORA plus 4.5 percentage points or such other rates as may be determined from time to time by the bank

    * not applicable to interest-free Study Loan

     

    The interest rates will be revised on a half-yearly basis based on the 3M SORA1 published on the Monetary Authority of Singapore’s (MAS) website2 on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year)3. You can visit Development Bank of Singapore (DBS Bank) or Oversea-Chinese Banking Corporation (OCBC Bank) website for the applicable interest rates on every 1 April and 1 October.

     

    1. SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm. The 3-month compounded SORA is the rolling compounded average of daily SORA over the past respective period.

     

    2. https://eservices.mas.gov.sg/statistics/dir/DomesticInterestRates.aspx 

     

    3. If 1 March or 1 September falls on a weekend and/or a public holiday when the 3M SORA rates are not published by MAS, we will take the 3M SORA published on the MAS website on the last preceding business day in Singapore. For example, if 1 September is a Saturday, we will take the 3M SORA published on MAS website on 31 August.


  • 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.
  • 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.
  • Financial Aid
     Ask Finaid
  • 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)

1 SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm. The 3-month compounded SORA is the rolling compounded average of daily SORA over the past respective period.
3 If 1 March or 1 September falls on a weekend and/or a public holiday when the 3M SORA rates are not published by MAS, we will take the 3M SORA published on the MAS website on the last preceding business day in Singapore. For example, if 1 September is a Saturday, we will take the 3M SORA published on MAS website on 31 August.

 

 

 

 

 

  • Interest free during studies.
  • Interest commences upon graduation.
  • The following interest rates will be applicable to all new Government education loan (i.e. MOE Tuition Fee Loan, MOE Study Loan, Overseas Student Programme Loan) agreements signed on and after 1 April 2024.

 

Standard interest* 3-month compounded Singapore Overnight Rate Average (3M SORA) plus 1.5 percentage points or such other rates as may be determined from time to time by the bank
Late payment interest for overdue and unpaid loans/loan instalment 3M SORA plus 4.5 percentage points or such other rates as may be determined from time to time by the bank

* not applicable to interest-free Study Loan

 

The interest rates will be revised on a half-yearly basis based on the 3M SORA1 published on the Monetary Authority of Singapore’s (MAS) website2 on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year)3. You can visit Development Bank of Singapore (DBS Bank) or Oversea-Chinese Banking Corporation (OCBC Bank) website for the applicable interest rates on every 1 April and 1 October.

 

1. SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm. The 3-month compounded SORA is the rolling compounded average of daily SORA over the past respective period.

 

2. https://eservices.mas.gov.sg/statistics/dir/DomesticInterestRates.aspx 

 

3. If 1 March or 1 September falls on a weekend and/or a public holiday when the 3M SORA rates are not published by MAS, we will take the 3M SORA published on the MAS website on the last preceding business day in Singapore. For example, if 1 September is a Saturday, we will take the 3M SORA published on MAS website on 31 August.


  • 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.
  • Development Bank of Singapore (DBS Bank)
    Tel : 6333 0033 
  • Overseas-Chinese Banking Corporation (OCBC Bank)
    Tel: 1800-4383-333 (within Singapore) / +65-4383-333 (outside Singapore)
    1 SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm. The 3-month compounded SORA is the rolling compounded average of daily SORA over the past respective period.
    3 If 1 March or 1 September falls on a weekend and/or a public holiday when the 3M SORA rates are not published by MAS, we will take the 3M SORA published on the MAS website on the last preceding business day in Singapore. For example, if 1 September is a Saturday, we will take the 3M SORA published on MAS website on 31 August.