Tuition Fee Loan Scheme

Graduate students who require financing for their tuition fees may apply for a loan under the Tuition Fee Loan (TFL) scheme. The maximum loan quantum is 90% of the tuition fees payable by Singapore Citizens for the same course.

Only students who enrol under the following programmes are eligible to apply for the TFL:

  1. Graduate Research programmes
  2. Full-time government-subsidised Graduate Coursework programmes, including the following:
    • Programmes conducted by Lee Kuan Yew School of Public Policy, Duke-NUS Medical School and Institute of Systems Science.

The following categories of graduate students are not eligible to apply for the TFL:

  1. Students in government-subsidised programmes who are not in receipt of MOE subsidy::
  2. Holders of Scholarship/Fellowship/Tuition Fee Allowance
  3. MOE Scholarship/Bursary holders
  4. PSC Scholarship/Bursary holders
  5. SAF Awards holders
  6. Part-time coursework students
  7. Students in self-funded programmes
  1. Interest Rate
    Interest at the average of the prime rates of DBS, OCBC and UOB, prevailing on the first day of each quarter or at such other rates as may be determined from time to time will be chargeable on the loan upon graduation of the borrower. Interest will be chargeable with effect from the following dates based on the graduation period:
    Graduation period Interest chargeable with effect from
    1 January to 30 June

    1 October in the year of graduation

    1 July to 31 December

    1 May in the year following graduation

    For this purpose, "graduation" shall be deemed to have taken place when the borrower passes the final examination (main or re-examination) or is deemed to have fulfilled all the requirements for the award of the degree. Interest is computed on a monthly rest basis on a 365-day year. In the event that the borrower leaves NUS without completing the graduate programme, interest will be chargeable with effect from the first day of the month immediately following the month in which notification is given to the bank.

  2. Repayment
    The repayment terms are as follows:
    • Repayment of the loan can be in one lump sum or by equal monthly instalments commencing not later than two years from the date that interest is first chargeable on the loan.
    • The minimum amount of repayment is $100 per month and the maximum repayment period is 20 years.
    • In the event that the borrower leaves the University without completing the graduate programme, the loan outstanding will immediately become due and payable. The borrower may, however, repay the outstanding sum by monthly instalments on such terms and conditions as the University may allow depending on the circumstances of each case.
    • Early repayment of the loan in full or in part will be allowed after 7 working days' written notice has been given. Partial repayment may be made in multiples of $1,000.
  3. Guarantor
    One guarantor above 21 years but not exceeding 60 years will be required. There is no minimal income requirement. Applicants who are Singapore citizens must provide guarantors who are Singapore citizens.
  4. Late Payment Charge
    Penalty interest will be levied at the rate of 1% per month on instalments in arrears.

The University has appointed the following banks as agents to administer the TFL scheme.

  • Development Bank of Singapore (DBS Bank)
  • Overseas-Chinese Banking Corporation (OCBC Bank)

Download the application form to apply for loans under the TFL scheme.

First-time applicants and the respective guarantors are required to call personally at the bank with the completed application form (which must be signed in the presence of a bank officer), respective identity cards/passports and the letter of offer of admission to support the loan application.

Semester Application Deadline*  
Semester 1 

2nd Friday of July

Local students
3rd Friday of July International students
Semester 2 3rd Friday of January All students including iBLOC students

* If the deadline falls on a public holiday, it will be extended to the following Monday.

Yes. International students can apply TFL even when they are overseas.

  1. If there is a DBS/OCBC Bank in the student's home country:
    • Complete the application form
    • The Borrower (i.e. student) and Guarantor can visit any bank branch in their home country to sign the application form and the bank's Letter of Offer in the presence of a bank officer. They must bring along their identity cards/passports, a copy of the University's Letter of Offer for Admission for verification purposes.
    • Upon arrival in Singapore, the Borrower can then proceed to submit the completed application form and the bank's Letter of Offer to any bank branch.
  2. If there is no DBS/OCBC Bank in student's home country:
    1. Complete the application form.
    2. Upon arrival in Singapore, the Borrower (i.e. student) can visit any bank branch to sign the application form and the bank's Letter of Offer in the presence of a bank officer. He/She must also bring along his/hers identity card/passport and a copy of the University's Letter of Offer for Admission for verification purposes
    3. The Borrower can mail the application form and Letter of Offer, bearing his/her signature, to the Guarantor.
    4. The Guarantor can then sign the application form and Letter of Offer in the presence of a Notary Public or an officer of the Singapore Embassy. The notary public or officer of the Singapore Embassy must endorse on the application form where the Guarantor signed.
    5. The Guarantor can proceed to mail the completed application form and Letter of Offer to the borrower, together with a photocopy of his/her identity card/passport.
    6. The Borrower can then submit all the above to any bank branch.

Students who require further clarification on the TFL scheme may contact:

OCBC Bank Customer Service Hotline DBS Bank Customer Service Hotline
1800 363 3333
(65) 6363 3333
http://www.ocbc.com/personal-banking/help-and-support/forms-and-enquiries.html
1800 111 1111
(65) 6333 0033
http://www.dbs.com.sg/personal/contact-us.page