MOE Study Loan

For Full-Time Programme

The MOE 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 MOE 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:MOE 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 MOE 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.
    • MOE 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.
    • MOE 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 MOE Tuition Fee Loan and MOE 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. MOE Tuition Fee Loan (TFL) where applicable
    5. MOE 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

    • 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.
    • For international students, the loan is interest bearing after graduation regardless of PCI.
    • 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) 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.
    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. 
     

     

     

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

    Repayment of loan can be in one lump sum or by equal monthly instalments of minimum S$100.

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

     

    • Apply online through  Student Intranet during the application period.
    • Upload  supporting documents (compiled into one PDF file) via the upload portal at Student Intranet. Note: You will only be allowed to upload your documents once. For assistance on documents upload, please submit your queries through Ask Finaid.
    • 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 AY2024-2025:

    SL to take effect from Application PeriodComplete Loan Agreement signing by:
    Semester 1 AY2024/20251 February 2024 to 31 March 2024
    1 June 2024 to 30 June 2024
    1 July 2024 to 15 August 2024 (late application period^)    		30 November 2024*
    Semester 2 AY2024/20251 ​November 2024 to 15 November 202431 March 2025*

    ^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 has not complete signing with DBS Bank by the stipulated deadline, the offer will be lapsed and you will be required to submit your study Loan application again. Please submit your queries through Ask Finaid for assistance.

     


     

    For Part-Time Programme

    The MOE 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% MOE 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.
    • 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) 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. 

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

    Repayment of loan can be in one lump sum or by equal monthly instalments of minimum S$100.

    • 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 through Ask Finaid.
      Please indicate the financial assistance scheme you are applying for, your name and matric (i.e. Subject Title: Application for Study Loan (PT) AY2024 - Name, Matric).
    • Outcome of your application will be informed to you via your NTU student email account.

    For successful applicants who have accepted MOE 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 AY2024/2025:

    SL to take effect from AY2024/2025 Semester 1Application Period​​Outcome
    • 2024 Freshmen (Singapore Citizens only)
    • Existing students (Singapore Citizens only)

    ​1 June 2024 to 30 June 2024^

    		​By mid-August 2024 (Tentative)

    ^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 has not complete signing with DBS Bank by the stipulated deadline, the offer will be lapsed and you will be required to submit your study Loan application again. Please submit your queries through Ask Finaid for assistance.