Nanyang Technological University

Financial Assistance

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NTU Study Loan

For Part-Time Programme

Go to NTU Study Loan for Full-time Programme

The NTU Study Loan (PT) is open to Singaporean part-time undergraduates who require assistance to finance their tuition fee.

Who is eligible?

  • Open to Singaporean part-time students pursuing their first undergraduate degree.
  • Must be held concurrently with the maximum 90% Tuition Fee Loan.
  • Per capita monthly household income (PCI) <= S$2,400.

PCI  =

Gross income of family members in household 

Total number of family members in household 

               Gross income refers to amount before deduction of CPF. It includes allowances, overtime, commissions etc.

Quantum

  • Balance of 10% of tuition fee payable.
  • No Living Allowance Loan option.

Guarantor requirements

  1. One guarantor.
  2. Guarantor must be aged 21 - 60 years and not a bankrupt.
  3. Person who is also a loan applicant should not stand in as a guarantor for another loan applicant.
  4. A person must not stand in as a guarantor for more than two loans.
  5. A student of Nanyang Technological University who satisfies  (2) and (3) may also act as a guarantor. However, a student who is holding Tuition Fee Loan / loan from CPF Education Scheme or any other form of loan should not stand as a guarantor.

Interest

  • Interest free during studies.
  • Loan is interest-free up to 5 years after graduation if PCI <= S$500. Otherwise, the loan will be interest bearing after graduation.
  • Interest rate will be based on the average prime lending rate of the three local banks (DBS, OCBC and UOB).

Repayment

Commences 6 months after graduation or securing employment, whichever is earlier.

Repayment Period

  • Up to 5 years (if loan is interest waived) or
  • Up to 20 years (if loan is interest bearing).

How to apply

  • Please click here for Application form.
  • Freshmen, please apply only after you have matriculated online. 
  • You need only apply once for this loan to cover you for the entire duration of your programme in NTU.
  • Submit supporting documents and Document Checklist.
  • Outcome of your application will be informed to you via your NTU student email account by end September 2012.
  • After you have accepted the offer, Finance Office will contact you to arrange an appointment for you and your guarantor to sign the loan agreement in their office.
  • The Study loan fund will only be released by the Finance Office after the Loan Agreement is duly signed by both yourself and the guarantor.    

Application Period

Application for AY2012-13:

Existing students and AY2012-13 Freshmen (Singapore citizens only) :

  • 1 August 2012 – 15 August 2012 

      For freshmen, please apply only after you have matriculated online.

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