Who is eligible?
- Open to Singaporean part-time students pursuing their first undergraduate degree.
- Choose to pursue a part-time programme due to financial reasons.
Quantum
The Tuition Fee Loan covers up to 90% of the subsidised tuition fee payable. It does not cover compulsory miscellaneous fees and hostel fee.
Administration of Loan
The University has appointed Development Bank of Singapore (DBS Bank) and Oversea-Chinese Banking Corporation (OCBC Bank) as agents to administer the Tuition Fee Loan Scheme.
Guarantor
- One guarantor aged between 21 to 60, and not a bankrupt is required.
- There is no income qualification.
Interest
An interest rate at the average of the prime rates of the following banks, DBS, OCBC and UOB, prevailing on the first day of each quarter or such other rates as may be determined from time to time by the bank will be charged upon graduation. Interest will be accrued on a monthly basis.
(Examples of interest commencement date:- If your final examination result slip releases in June, interest will commence on 1st August of the same year. If your final examination result slip releases in December, interest will commence on 1st February of the following year)
Repayment
- Repayment of loan can be in one lump sum or by equal monthly instalments commencing not later than two years from the date that interest is first chargeable on the loan or upon securing employment whichever is earlier.
- The minimum amount of repayment is S$100 per month and the maximum repayment period is 20 years.
- In the event that the student leaves the University without completing the programme of study, the loan outstanding will immediately become due and payable. He may, however, repay the outstanding sum by monthly instalments on such terms and conditions as the University may allow depending on the circumstances of each case.
- Early repayment of the loan in full or in part will be allowed after 7 working days' written notice has been given. Partial repayment may be made in multiples of S$1,000.
Late Payment Charge
Penalty interest will be levied at the rate of 1% per month on instalments in arrears.
How to apply
- Students who wish to apply for the Tuition Fee Loan are required to complete the TFL (PT) Form and submit it with the relevant supporting documents to the Office of Admissions and Financial Aid (OAFA) for approval. You may submit the form by mail. (There is no need for you or your guarantor to visit our office).
- Upon approval, we will endorse on the form and contact you to collect the endorsed application form.
- You and your guarantor are required to submit the endorsed form in person to our appointed agent banks - either DBS or OCBC Bank.
- You need only apply once for this loan to cover you for the entire duration of your programme in NTU.
Application period
Application for AY2009-10
Submit application form to OAFA for approval
- Please complete the TFL (PT) Form and submit application form to OAFA for approval
If you are applying outside the application period, your completed application form must be brought to the Office of Finance, located at Level 3 of Student Services Centre for endorsement first before submission to the bank. (For form endorsement at Finance Office, your guarantor need not be present).
Application submitted after the closing date will be considered on a case-by-case basis.
Further Enquiries
- NTU Office of Admissions and Financial Aid: 6790 4115
- Development Bank of Singapore (DBS Bank): 6333 0033
- Overseas-Chinese Banking Corporation (OCBC Bank): 1800-4383-333