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How do I apply for the NUS Study Loan?
You can apply for the NUS Study Loan via the NUS financial aid system. Click here to apply.
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If my application for the NUS Study Loan is successful, do I have to re-apply every year?
This scheme is tenable for the entire course of study. Therefore, you do not have to re-apply every year.
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3. |
What else do I need to do to be eligible for the NUS Study Loan?
The NUS Study Loan will be offered as one of the components of the financial aid package when you apply for NUS financial aid and have been assessed to be eligible.
You must ensure you are in receipt of or will be applying for the required level of financial assistance from the TFL and/or CES and/or TTFS in order to hold the NUS Study Loan. Click here for details.
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Where and when do I execute the NUS Study Loan agreement?
The Office of Financial Aid will notify you of the venue and schedule of loan agreement signing via your NUS email account. Therefore, please ensure that you read your emails promptly.
On the scheduled date of agreement signing, both you and your guarantor will be required to sign the loan agreement in the presence of an NUS officer.
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Can a non-Singaporean be my guarantor for NUS Study Loan?
Only Singapore Citizen guarantors are acceptable for Singapore Citizen students; Singapore Citizen/SPR guarantors are acceptable for SPR students and Singapore Citizen/SPR/non-Singaporean guarantors are acceptable for international students.
However, if you have valid reasons for not securing a guarantor who meet the nationality requirements above, you can appeal to the Office of Financial Aid via financialaid@nus.edu.sg.
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What do I need to do if my non-Singaporean guarantor cannot be present in Singapore to sign the loan agreement?
If your non-Singaporean guarantor is unable to be physically present in Singapore, you need to advise him/her to sign the loan agreement in the presence of a notary public in the country that he/she is residing.
As a student borrower, you are still required to sign the loan agreement in the presence of an NUS officer.
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7. |
When do I start repaying the NUS Study Loan?
Repayment can be in one lump sum or in fixed equal monthly installments (minimum of $100 per month) commencing not later than 6 months after graduation or on securing employment, whichever is earlier.
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