0% interest and no repayment while studying
Visit any OCBC branch or FRANK store with your guarantor to apply. A guarantor is someone who can be responsible for your loan in case you are not able to pay.
Loan disbursement will be determined by your institution. During the course of your study, no interest will be charged and no payment is needed.
Start repayment immediately after graduation, or once you ﬁnd a job within 2 years3 after graduation. Or pay back in full or partially over 20 years4 with monthly instalments as low as S$100!
Tuition Fee Loan (TFL) is provided by the Ministry of Education (MOE) and administered by OCBC Bank.
NOTE: Postgraduates are to check their respective institution's website to ensure their programme is eligible.
NOTE: Part-time undergraduates are to check with their respective institutions for eligibility.
NOTE: You must have a guarantor with you to apply for the Tuition Fee Loan.
Enjoy perks while you push ahead in your studies. Choose from 120 designs. Annual FRANK Debit Card fee waiver for life. Withdraw cash locally and overseas.
Interested but need to ﬁnd out more? Submit your interest below and our staff will contact you shortly.
SMS STUDY <space> TFL <space> Name to 76062 and we’ll contact you within 3 business days.
If Existing OCBC customer
Singaporean / Singapore PR
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.