Financial Assistance

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.

               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 on-line.
• You need only apply once for this loan to cover you for the entire duration of your programme in NTU.
• Submit supporting documents.

Application period