MOE Study 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 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.

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.

For AY2026/AY2027, please check latest update around July 2026.

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.

 

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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. 
 

For AY2026/AY2027, please check latest update around July 2026.

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).

For Part-Time Programme

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

For AY2026/AY2027, please check latest update around July 2026.

  • 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.

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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. 

 For AY2026/AY2027, please check latest update around July 2026.

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).