NTU Study Loan

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. 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.
  • Must be held concurrently with one or combination of the following schemes: Tuition Fee Loan / CPF Education Loan 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.
  • 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.

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

     Per Capita Monthly Household IncomeRequirementInterestStudy 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 Loan 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$950An 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 Loan 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.

    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 Loan Scheme where applicable
    4. Tuition Fee Loan (TFL) where applicable
    5. Study Loan (SL) where applicable
    6. 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.
    • 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 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.

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

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

     

    Existing students and
    New students who accepted a place in NTU prior to/in AY2023 and starting the school term in May/August 2023

    • Apply online through StudentLink during the application period.
    • Upload supporting documents (compiled into one PDF file) via the upload portal at StudentLink. Note: You will only be allowed to upload your documents once. For assistance on documents upload, email to   [email protected].
    • Outcome of your Study Loan application will be informed via your NTU Student Email Account.
    • Successful applicants are required to accept the offer online.

    For successful applicants who have accepted NTU Study Loan offer, you are required to complete the DBS Study Loan Digital Application online. 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.

    DBS Study Loan Digital Application is only applicable for guarantor who is a Singapore Citizen/Permanent Resident/Foreigner (pass-holder residing or working in Singapore).

    If the guarantor (foreigner) is neither residing nor working in Singapore, you will not be able to apply digitally. Please refer to the guide for more information on how to apply for your DBS Study Loan Digital Application.

    To submit your Study Loan Digital Application online, please click here.
    Click here for Application Flow.

    Application period for AY2022-2023:

    ​Existing students​
    ​SL to take effect fromApplication Period​Complete Loan Agreement signing by:
    ​Semester 1 AY2022/202315 January 2022 to 15 March 2022
    1 June 2022 to 30 June 2022
    1 July 2022 to 15 August 2022 (late application period^)    		30 November 2022*
    Semester 2 AY2022/2023​​​1 ​November 2022 to 15 November 2022​31 March 2023*
    ​​Semester 3 AY2022/2023 (Special Term)
    Email to [email protected] to request for access to apply via StudentLink.

     

    Application period for AY2023-2024:

    ​Existing students​
    SL to take effect fromApplication Period​Complete Loan Agreement signing by:
    ​Semester 1 AY2023/202415 January 2023 to 15 March 2023
    17 June 2023 to 16 July 2023
    17 July 2023 to 30 August 2023 (late application period^)    		​30 November 2023*
    ​Semester 2 AY2023/2024​1 ​November 2023 to 15 November 2023 (Tentative)​​31 March 2024*
    ​Semester 3 AY2023/2024 (Special Term) 
    Email to [email protected] to request for access to apply via StudentLink.

     

    2023 Freshmen
    SL to take effect from Semester 1 AY2023/2024Application PeriodComplete Loan Agreement signing by:
    Students who accepted a place in NTU prior to 2023 and starting new school term in May 2023Email to [email protected] to request for access to apply via StudentLink.30 November 2023*
    Students who accepted a place in NTU prior to/in 2023 and starting new school term in August 202317 June 2023 to 16 July 2023
    17 July 2023 to 30 August 2023 (late application period^    		30 November 2023*
    New students starting the school term after AY2023Apply 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 [email protected] to request for access.

    For Part-Time Programme

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

    • 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.

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

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

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

    • Up to 5 years (if loan is interest waived) or
    • Up to 20 years (if loan is interest bearing).
    • Please click here for Application form.
    • Freshmen, please apply only after you have matriculated online.
    • Email the completed application form and supporting documents to [email protected].
      Please indicate the financial assistance scheme you are applying for, your name and matric (i.e. Subject Title: Application for Study Loan (PT) AY2023 - Name, Matric).
    • Outcome of your application will be informed to you via your NTU student email account.

    For successful applicants who have accepted NTU Study Loan offer, you are required to complete the DBS Study Loan Digital Application online. 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.

    DBS Study Loan Digital Application is only applicable for guarantor who is a Singapore Citizen/Permanent Resident/Foreigner (pass-holder residing or working in Singapore).

    If the guarantor (foreigner) is neither residing nor working in Singapore, you will not be able to apply digitally. Please refer to the guide for more information on how to apply for your DBS Study Loan Digital Application. 

    To submit your Study Loan Digital Application online, please click here.
    Click here for Application Flow.

    Application for AY2023/2024:

    ​SL to take effect from AY2023/2024 Semester 1Application Period​​Outcome
    • 2023 Freshmen (Singapore Citizens only)
    • Existing students (Singapore Citizens only)

    ​17 June 2023 to 16 July 2023^

    		​By mid-August 2023 (Tentative)

     ^For late applications submitted after 30 June 2023, 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