NUS Study Loan

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:

NUS Study Loan to be awarded a) Loan which covers 10%/20% of the subsidised tuition fee payable by Singapore Citizens; or 
b) Loan which covers 10%/20% of the subsidised tuition fee payable by Singapore Citizens plus up to $3,600 living allowance per annum
a) Loan which covers up to $3,600 living allowance per annum
Requirement Tuition Fee Loan and/or CPF Education Scheme and/or MENDAKI Tertiary Tuition Fee Subsidy which covers at least 80%/90% of the subsidised tuition fee payable by Singapore Citizens  In receipt of scholarship or other schemes which cover only 100% of the subsidised tuition fee payable (without living allowance)
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
Repayment Up to 20 years for interest bearing loan and up to 5 years for interest free loan

Who is eligible?

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. The eligibility assessment is mainly based on the monthly household per capita income* of ≤$2,700 and ≤$1,200 for Singapore Citizens/SPR and international undergraduates paying subsidized fees respectively and if the applicant is holding concurrent awards. 

Full fee paying international undergraduates are not eligible except for those who have used up their MOE Tuition Grant subsidy and have taken up the NUS Study Loan before they are charged the full tuition fee rate.

5th Year undergraduate students taking Double-Degree Programmes (Percentage of coverage is based on the subsidised tuition fee rate portion only).

Undergraduate students reading the iBLOC modules and Special Term modules (only tuition fee portion is applicable).

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

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


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.

Students may use their PSEA balance for the repayment of their loan after they have graduated. To apply and find out more about the scheme, please click here. Please note that the application form should be submitted to MOE directly.

Guarantor Requirement

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 Study Loan, you are required to apply for Financial Aid here.

Existing NUS Study Loan recipients who have changed their course and are charged new tuition fee amounts are required to inform DBS of their change in course so that the bank may update their information accordingly.

Undergraduates who have transferred from other local universities and had taken up the Study Loan for their previous course are required to submit a new application if they are interested to apply for the NUS Study Loan to cover their undergraduate course in NUS.

Disbursement of Funds

Upon satisfactory compliance of all terms and conditions of the financial aid offer, the loan funds will be credited to the student's account by the Office of Finance twice yearly in half around September and February each year. All fees due to the University will however be deducted from such proceeds prior to crediting.

* Monthly household per capita income refers to the total gross monthly income of all those living in the household divided by the number of people in the household.