The value of the loan is up to 90% of tuition fee payable by Singapore Citizens for the same course.

The loan is tenable for the entire undergraduate course duration.

• Full-time undergraduates except for full fee paying international undergraduates who registered in AY2006/2007 and onwards.

 

• Part-time undergraduates who satisfy the following criteria:
  • Must be a Singapore Citizen;
  • Qualified for full-time courses but choose to pursue the part-time  course due to financial reasons;
  • Pursuing the first undergraduate course of study;
  • Depending on the assessed level of neediness.

   

Part–time undergraduate students who satisfy the above criteria can apply for TFL through the Office of Financial Aid (OFA). Once their TFL applications are approved by OFA, students will be given an approval letter (hardcopy) confirming their eligibility. Students can then download and fill up the TFL application form and proceed to apply at the bank (either at DBS or OCBC) together with their guarantors. A copy of the approval letter must be produced at the point of application.

Interest computation is deferred until after graduation. Thereafter, average prime rate of DBS, OCBC and UOB applies. Repayment can be in one lump sum or in fixed equal monthly installments (minimum of $100 per month), commencing not later than 2 years after graduation. The maximum repayment period is 20 years

A guarantor is required. He or she must be an adult between 21 and 60 years of age 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

Students who wish to apply for the TFL can download the application form here and bring it to either DBS or OCBC with their guarantor for processing. Prospective students are to apply for the TFL only after accepting the admission offer. Please refer to the table below for the various application deadlines.

	Application Deadline
Semester 1	12 July	Local students
	26 July	International students
Semester 2	17 January	All students
Special Term 1	26 April	All students
Special Term 2		All students

Important Note: Recipients of the Tuition Fee Loan (TFL) who wish to suspend their loan for up to an academic year (for e.g. those who are awarded a scholarship, bursary and etc), are required to inform the Office of Financial Services (ofnbox3@nus.edu.sg). For those who wish to suspend their TFL for the rest of their course, please inform their respective banks to do so.