Singapore - Apply for Study Loan

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Procedure

Apply In Person

1. To Apply for Study Loan, the applicant has to approach the respective institution or Ministry of Education in Singapore link
2. Applicant has to get the application form from the respective institute or from the Education Department to get the study loan.
3. Applicant has to fill all the necessary details in the application form.
4. Make sure that you have all the needed documents mentioned in the “Required Documents” section of this page.
5. After completing the form, submit the completed application form along with the necessary documents to the respective authority.
6. Fee for this procedure has to be paid as per the authority’s request.
7. Once the above process gets over, the authority will grant the study loan to the applicant by visiting respective office.
8. The processing time for this procedure is within a month.

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Required Documents

• ID proof
• Address proof
• Institute admission letter
• Course and fees details
• SSC, HSC, Graduation Mark sheets
• Completed application form

Office Locations & Contacts

MINISTRY OF EDUCATION
1 North Buona Vista Drive
MOE Building, Podium Block
Singapore 138675
Contact number - 6872 2220
Contact link

Eligibility

Diploma students who:

• Are Singapore Citizens or Permanent Residents taking full-time diploma courses at local polytechnics.
• Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 75% of tuition fees payable.
• Have a gross monthly per capita income of $2,700 or less.

Undergraduate students who:

• Are Singapore Citizens (SC), Permanent Residents (PR) or international students taking full-time subsidised undergraduate courses, or SCs taking part-time subsidised undergraduate courses.
• Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 90% of tuition fees payable.
• Have a gross monthly per capita income of $2,700 or less for SCs and PRs, or $1,200 or less for international students.

Fees

• Fee for this procedure has to be paid as per the authority’s request.

Validity

• The loan is valid till the course gets completed.

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

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Processing Time

• The processing time for this procedure is within a month.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

Required Information

• Name
• Nationality
• Resident Status
• National Registration Identity Card (NRIC) / Foreign Identification Number (FIN)/Passport No
• Employment Pass
• Date of Birth
• Gender
• Residential Address
• Residential No
• Mobile No
• Email Address
• Educational Qualifications

Need for the Document

• Student loans offer financial support for students who would otherwise be unable to attend college.
• Student loans often have lower interest rates than private loans.
• Fixed interest rates prevent the terms of a loan from changing over time.

Information which might help

The Study Loan covers:

• Up to 25% of subsidised fees payable and a living allowance loan of $2,000 per year for polytechnic students.
• Up to 10% of the subsidised Singapore Citizen fees payable and a living allowance loan of $3,600 per year for university students.

The loan is tenable for the entire course duration.

• For students with monthly household per capita income of $950 or less, the loan is interest-free.
• For students with monthly household per capita income between $951 and $2,700, the loan is only interest-free during the course of study, with interest only commencing upon graduation.

For interest-bearing study loans, the maximum loan repayment period is up to 5 years for loans taken at polytechnic level, and up to 20 years for loans taken at the university level. For interest-free study loans, the maximum loan repayment period is up to 2 years for loans taken at polytechnic level, and up to 5 years for loans taken at the university level.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

More information which might help people.