Overseas Student Exchange Programme (SEP) Loan
Maximum of $3,000 per semester depending on the monthly per capita income of applicant’s family
Undergraduates who have been selected for admission to an overseas SEP partner university.
Recipients of the Undergraduate Scholarship for PRC Students, SIA-NOL Undergraduate Scholarship, Sembcorp Industries Undergraduate Scholarship and Science & Technology Undergraduate Scholarship are NOT eligible to apply for this loan.
The loans are interest free. The maximum repayment period is 3 years for loans up to $3,000 and 4 years for loans above $3,000. Repayment can be in one lump sum or in fixed equal monthly installments commencing not later than 3 months after graduation.
A guarantor is required. He or she must be a working Singapore Citizen or Singapore Permanent Resident, above 21 years old and is neither a bankrupt nor a party to another agreement.
Download form here. Please submit at least 3 weeks before departure from Singapore.
* Monthly per capita household income refers to the total income of all those living in the household divided by the number of people in the household.