The NUS Study Loan is tenable for the entire undergraduate course duration. Based on the assessed level of neediness, an eligible applicant will be offered one or more of the following types of loan:

Per Capital Income	Singapore Citizen and SPR with PCI ≤ $2,400 International students with PCI ≤ $1,200	Students in receipt of scholarships which covers only 100% of their tuition fee payable (without living allowance)
NUS Study Loan to be awarded	a) Loan which covers 10% of the tuition fee payable by Singapore Citizens; or b) Loan which covers 10% of the tuition fee payable by Singapore Citizens plus $3,600 living allowance per annum	a) Loan which covers $3,600 living allowance per annum
Interest bearing / Interest free	Interest bearing (interest will start after graduation at the average prime rate of DBS, OCBC and UOB) An interest free loan may be offered to very needy Singapore Citizen or SPR students	Interest bearing (interest will start after graduation at the average prime rate of DBS, OCBC and UOB)    An interest free loan may be offered to very needy Singapore Citizen or SPR students
Requirement	Tuition Fee Loan and/or CPF Education Scheme and/or MENDAKI Tertiary Tuition Fee Subsidy which covers at least 90% of tuition fee payable by Singapore Citizens	In receipt of scholarship which covers only 100% of tuition fee payable (without living allowance)
Repayment	Up to 20 years for interest bearing loan and up to 5 years for interest free loan	Up to 20 years for interest bearing loan and up to 5 years for interest free loan

All undergraduates who are under the MOE Tuition Grant Scheme and full fee paying Singapore Citizens and SPRs are eligible for the NUS Study Loan if assessed to be eligible. Full fee paying international undergraduates who registered in AY2006 and thereafter are not eligible.

Part-time undergraduates who are Singapore Citizens and eligible to apply for the NUS Study Loan will not be offered the living allowance loan.

Repayment commences 6 months after graduation or upon securing employment, whichever is earlier. Repayment can be in one lump sum or in fixed equal monthly installments (minimum of $100 per month). The maximum repayment period is up to 5 years for interest free loans and up to 20 years for interest bearing loans. Interest computation for interest bearing loans is deferred until after graduation based on the average prime rate of DBS, OCBC and UOB.

A guarantor is required. He or she must be a Singapore Citizen between 21 and 60 years old and is not a bankrupt. Only Singapore Citizen guarantors are acceptable for Singapore Citizen students; Singaporean/SPR guarantors are acceptable for SPR students and Singaporean/SPR/non-Singaporean guarantors are acceptable for international students

Application for Financial Aid for AY2013/2014

(a) Prospective Undergraduate Students (Full-time)

Application for Financial Aid must be made after you have submitted your application for admission to NUS, and by the closing date of your admission application or 1 April 2013, whichever is earlier. In addition, please note that such Financial Aid applications should be made (1) as soon as possible after your application for admission and regardless of whether you have been offered admission to NUS, and (2) regardless of whether you intend to apply for scholarships and/or other forms of financial assistance offered or administered by sources other than the NUS Office of Financial Aid. Eligible applicants will only be offered financial aid upon receipt of admission offer from NUS.

(b) Existing Undergraduate Students (Full-time)

Application for Financial Aid begins from 1 February 2013 and ends on 1 April 2013.

Application for Financial Aid for AY2012/2013

Application was opened from 1 February to 1 April 2012. If you are in need of financial assistance now, you may login here to state the reason(s) for your late application and proceed to apply accordingly. We will consider your application on a case-by-case basis. You will receive your application outcome within two weeks from the date you submit your application with the full set of supporting documents.

Supporting Documents for Financial Aid

All supporting documents are to reach the Office of Financial Aid (by post/hand) within two weeks from the online application date. You also advised to log in here to view your application status or check your email regularly to avoid missing any important message.