The purpose of the Student Loan is to assist full-time NTU undergraduates should they meet with financial difficulties during the programme of study.
Who is eligible?
- For financially needy full-time undergraduates.
- To consider applying for other loans / awards (e.g. NTU Tuition Fee Loan / NTU Study Loan / Bursary) before applying for this loan.
- Students on scholarships are not eligible.
Quantum
- Up to S$2,000.
- Limited to one loan during his/her course of study.
Guarantor
- Guarantor must be aged 21 – 60 years and not a bankrupt.
- Guarantor must be gainfully-employed.
- A loan applicant who is a:
- Singaporean student to provide a Singaporean guarantor.
- SPR students to provide a Singaporean / SPR guarantor.
- Foreign students to provide a guarantor of any nationality.
- Person who is also a loan applicant should not stand in as a guarantor for another loan applicant.
- An NTU student who satisfies points 1 and 3 above and is not holding TFL / CPF Education Scheme / any other loans, may act as a guarantor.
- A person must not stand in as a guarantor for more than two loans.
- Guarantor must be in Singapore to sign the Loan Agreement at the Office of Finance if the loan is approved.
Interest
Interest free.
Repayment
Commences 3 months upon graduation over a period of 3 years.
How to apply
- Application is open throughout the year.
- Download the application form.
- You may be required to visit our office for a short discussion upon submission of your application.
Supporting Documents Required
As stated on the application form.