I understand how you feel, I too have both the NUS tuition fee loan and study loan. Not exactly the life I was looking forward to! 0000314043 00000 n Learn more Suspension of repayments and interest for Government loans from 1 June 2020 to 31 May 2021 As part of the Government's Resilience Budget to support workers, businesses and households affected by the COVID-19 pandemic as announced on 26 March 2020, MOE will suspend the repayment and interest for Tuition Fee Loans, Study Loans and Overseas Student Programme Loans … 0000113935 00000 n DBS Bank Any DBS Bank branch Tel: 6333 0033 OCBC Bank Any OCBC Bank branch in Singapore Tel: 1800-363 3333 5. <<1D618E44B27FD441B4981F4A5420D05B>]/Prev 789522>> Tuition Fee Loan Scheme for International Student will only start with effect from Semester 2 in the year of enrolment. 0000001956 00000 n Hey i’m an african student. Friends like to call me Bosslee. Hi, Housing, Car, Renovation & Study loans. if I am not wrong, Yes you can because I have a friend apply in Yr 2 too.
Up to 10 years repayment period, which starts after course completion. (Except students who are sponsored by companies or fully subsidised by MENDAKI), As for the other 25%, you can either pay in cash, apply for the CPF-AES Scheme (above), 3 years or per loan agreement signed with DBS Bank, Tuition Fee Loan Application Forms are sent to newly enrolled students in their enrolment package. endstream endobj 877 0 obj <>stream I’m torn between studying in Malaysia or NTU. (b) Applicant/ Guarantor who is existing DBS account holder is reminded to update the Bank of any change in their personal information i.e.
had received offer letter from NUS for MS Mechanical Engg Programme for that i need to apply my tuition fee through loan so how can i get loan from Singapore Bank?
0000553415 00000 n or if you are overseas now, you can try POSB – they are also part of DBS too and I believe this is different from TFL, I hope this information would be useful . Does my DBS tuition fee loan’s interest kick in during that period (meaning i’m expected to make repayment too with interest) or will it remain interest free till i graduate? I write about my life at bosslee.co 0000237093 00000 n This is the link http://www.frankbyocbc.com/products_tfl.html. Here is a link on who is eligible for the DBS school loan, I believe if you do not fall into any of the category you should be able to get the loan , I hope this help otherwise you can call up the bank at 63330033 (Loan department).
), given the fact that I will enjoy MoE subsidy and service obligation subsidy? 2. 0000338233 00000 n Pls help.
Copyright © Republic Polytechnic. DBS, a leading financial services group headquartered in Singapore, operates across 18 markets.
Simply because study loan is interest free , despite all the complains I have for my debt, I would have to say a fair statement that I do appreciate the subsidies that Singapore Government provide because with it my loan could be worst…. Please refer to the Frequently Asked Questions (, Joint Polytechnic Admissions Exercise (JPAE), Other Scholarships & Sponsorships for Polytechnic Studies, Keeping in Touch with SP after Graduation, COVID-19 Announcement - SP Service Providers, SP-Administered Bursaries and Notebook Subsidy. For non-freshmen, application forms are available in the OSC forms website, Complete the hardcopy application and visit any DBS branch with your guarantor. This I am quite sure. 1 Based on a Singapore citizen university student's tuition fee. Under DBS Tuition Fee Loan Scheme, students of all nationalities can apply for a bank loan of up to 75% of the subsidised tuition fees payable (loan quantum is subjected to revision). The following students are NOT eligible for Tuition Fee Loan: A. SAF Scholarship / Company sponsored students.
0000012873 00000 n What is the actual right procedure to apply for the loan? but just in case you may like to call their customer services at 63330033 to confirm : ). DBS Wealth Management Phone Banking and General Enquiries. 0000260703 00000 n If I pay the loan before graduation, is the interest still counted?). Thanks, I would really appreciate that. DBS Cashline Interest Rate The effective interest rates for your DBS Cashline is based on your gross annual income. Guarantors must be between 21 to 60 years old and must not be an undischarged bankrupt. The student needs Changing of Banks is not allowed once the application has been submitted. Interest bearing, if applicable, will start after graduation at the average prime rate of DBS, OCBC and UOB. Just to check with you, how do you know if the bank has paid the tuition fees for you per semester? I’m sorry about this, but this is something I am not quite sure of. Key features of this loan scheme include: 1. 0000110016 00000 n 0000003837 00000 n
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