NUS Student Assistance Loan                                 (including loan top-up for notebook purchase)

The loan quantum varies according to the financial need and nationality of the applicant, and the availability of funds.

The loan is tenable for the entire undergraduate course duration (unless otherwise stated in the loan agreement) and re-application is not required.

The NUS Student Assistance Loan is supported by NUS and private donors via the following loan funds:

Financially needy undergraduates who have been offered or are in receipt of the NUS Study Loan with the living allowance component and who incur accommodation expenses. Students who are offered the loan or existing recipients may appeal for a one-time top-up to their loan if they need further assistance with the purchase of a notebook, starting from AY2018/2019.

Recipients of the ASEAN Undergraduate Scholarship, NUS Merit Scholarship, NUS Faculty Scholarships, University Engineering Scholarship and such other scholarships which do not cover accommodation expenses are also eligible to apply for this loan.

Note: Undergraduates who are reading the Concurrent Degree Programmes are not eligible for the loan once they are charged graduate tuition fee.

The loans are interest free. The repayment period depends on the value of the loans and varies from 3 to 5 years. 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 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. 

To be considered for the NUS Student Assistance Loan, you are required to apply for Financial Aid here.