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GOVERNMENT LOAN SCHEME

TUITION FEE LOANS

The Tuition Fee Loan (TFL) is provided by the Ministry of Education (MOE) and administered by OCBC Bank for NUS, NTU, NIE and SMU.

Fund up to 90% of your tuition fees with interest charges commencing only upon graduation.

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Benefits

TUITION FEE LOAN

Fund up to 90% of your tuition fees1

 

Interest charges will only commence upon graduation2

 

Minimum monthly repayment of $100

1Based on a Singapore citizen university student's tuition fee.
2Interest commencement date is set by the university. You may find more information on the interest rates.

 

How It Works

YOUR TFL IN THREE STEPS

Step 1: Apply with your guarantor

Submit your TFL Application Form with your guarantor at any OCBC Branch.
Click the link below > Download > Save to your desktop > Open with PDF Reader

Step 2: Graduate

Upon graduation, you will receive a letter and email informing you of your interest commencement date.
Find out more about government loan scheme interest rates.

Step 3: Repay

Submit your Repayment Form at any OCBC Branch to set up your monthly instalment plan.
Fill up the GIRO form if you are paying from a non-OCBC account.

Tuition Fee Loan (TFL) is provided by the Ministry of Education (MOE) and administered by OCBC Bank.

Am I Eligible? - Application period is set by the university

NUS/NTU/SMU students:
Full-time undergraduate and postgraduates3. You must be in: 
  • Full-time undergraduate and postgraduate degree programme or
  • Graduate research programme or
  • Full-time MSE MOE subsidised programme

 

NOTE: Postgraduates are to check their respective institution's website to ensure their programme is eligible.

Part-time undergraduates.
You must be: 
  • Singapore citizen and;
  • Pursuing your 1st undergraduate degree part-time and;
  • Pursuing part-time course due to financial reasons

 

NOTE: Part-time undergraduates are to check with their respective institutions for eligibility.

NIE Students:
Eligible for Tuition Fee Loan: 
  • BA/BSc (Education) student teachers who do not receive salary, stipend and whose fees are not paid by MOE

 

  • Candidates enrolled in the following full-time research programmes:
    • Doctor of Philosophy
    • Master of Arts (by research)
    • Master of Science (by research)

 

  • Candidates enrolled in the following full-time subsidised coursework programmes:
    • Master of Arts (Applied Linguistics)
    • Master of Arts (all specialisations)
    • Master of Science (Exercise & Sports Studies)
    • Master of Science (Life Sciences)
Not Eligible for Tuition Fee Loan: 
  • Students receiving Government / Statutory Board / NIE scholarships which cover tuition fees
  • International students paying non-subsidised tuition fees
  • Students receiving full Tertiary Tuition Fee Subsidy from Mendaki
  • Students using CPF savings for the full payment of the subsidised tuition fee
  • Students in self-funded programmes
  • Part-time graduate students (coursework)
  • BA/BSc (Education) student teachers who receive salary, stipend and whose fees are not paid by MOE
  • Full-fee paying students
  • Part-time student teachers
All students:
Not Eligible for Tuition Fee Loan: 
  • Students receiving any Government / Statutory Board / NUS Scholarships which cover tuition fees
  • Students receiving full tuition fee subsidy by MENDAKI
  • Students using Central Provident Fund (CPF) savings for the full 100% payment of the subsidised tuition fees
  • Students on self-funded graduate programmes
  • International students paying full fees; not taking tuition grant
Guarantor requirements:
Guarantor requirements4
  • 21 - 60 years old
  • Must not be bankrupt

 

NOTE: You must have a guarantor with you to apply for the Tuition Fee Loan.

Nationality requirements: 
  • If student is a Singaporean, guarantor must be Singaporean
  • If student is a Singapore PR, guarantor must be Singaporean / Singapore PR
  • If student is a Foreigner, guarantor can be of any nationality

3For selected NTU part-time and postgraduate courses.
4Guarantor must not be an undischarged bankrupt.

HOW TO APPLY

TFL Application Form

Submit your TFL Application Form with your guarantor at any OCBC Branch

Click the link below > Download > Save to your desktop > Open with PDF Reader

Branch opening hours

Submit your TFL form to any OCBC Branch with your guarantor.

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INTEREST RATE CHANGE

LEARN MORE ABOUT THE NEW MOE INTEREST RATEs

Starting from 1 April 2024, all new applications for MOE-funded loans will be subject to the revised interest rates. The rate adjustments will occur on a half-yearly basis, effective every 1 April and 1 October.

Refer to our latest page to understand how the new interest rates may impact your loans.

What do I need to prepare:

Applicant: Guarantor:
Existing OCBC customer
  1. NRIC
  2. School Letter of Admission / Student Matriculation card
Singaporean / Singapore PR
  1. NRIC
Foreigner
  1. Passport (Identity Cards can be used for Malaysians)
  2. School Letter of Admission
  3. IPA print out or ICA pass (for sanctioned countries)
Foreigner
  1. Passport (Identity Cards can be used for Malaysians)
  2. For sanctioned countries
  3. Letter of Admission / Work Permit
  4. IPA Print out or ICA pass
Applicant:
Existing OCBC customer
  1. NRIC
  2. School Letter of Admission / Student Matriculation card

 

Foreigner

  1. Passport
  2. School Letter of Admission
  3. IPA print out or ICA pass (for sanctioned countries)
Guarantor:
Guarantor:

Singaporean / Singapore PR

  1. NRIC

 

 

Foreigner

  1. Passport (Identity Cards can be used for Malaysians)
  2. For sanctioned countries
  3. Letter of Admission / Work Permit
  4. IPA Print out or ICA pass

Additional Details:

5For selected NTU part-time and postgraduate courses.

6Guarantor must not be an undischarged bankrupt.

Additional Details:

Important notes for NUS Tuition Fee Loan

Important notes for NTU Tuition Fee Loan

Important notes for NIE Tuition Fee Loan

1Based on a Singapore citizen university student's tuition fee.

2Interest commencement date is set by university. Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB). Late interest of 1% per month on the outstanding amount will be charged if repayment is late.

3Additional loan interest of 1% per month on the outstanding loan will be charged if you do not start repaying a minimum of S$100 monthly within 2 years from graduation.

4This is the maximum period of making monthly repayment instalments from graduation day.

5For selected NTU part-time and postgraduate courses.

6Guarantor must not be an undischarged bankrupt.