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Brand new NUS Studies Financing is tenable for your undergraduate way period

Brand new NUS Studies Financing is tenable for your undergraduate way period

Based on the examined quantity of neediness, a qualified candidate could well be offered one or more of your adopting the style of financing:

Who is qualified?

All the undergraduates that happen to be in MOE Tuition Give Design and you will full payment using Singapore Customers and you may SPRs meet the criteria on the NUS Data Financing, when the reviewed to-be eligible rather than acquiring full dental coverage plans away from tuition charges and you can/otherwise living expenses out-of a scholarship otherwise support scheme.

This new eligibility assessment is generally according to the monthly domestic for every capita earnings* away from ?$dos,700 and you can ?$step 1,200 to have Singapore Residents/SPR and you will in the world undergraduates purchasing paid fees correspondingly of course the fresh candidate is holding most other awards that cover an identical expenditures.

Complete percentage using in the world undergraduates aren’t qualified except for the individuals that have burned up its MOE University fees Grant subsidy and now have taken up this new NUS Data Financing just before he could be billed the new complete tuition fee rate.

5th Year undergraduate people bringing Twice-Education Courses (Portion of coverage is dependent on the newest subsidised university fees percentage rates part just).

  • Have to be a Singapore Citizen;
  • Following the very first undergraduate span of study
  • Depending on the reviewed number of neediness.

Part-time undergraduates who happen to be permitted submit an application for the fresh new NUS Study Financing are not considering the new life allowance mortgage.

Note: Undergraduates who’re learning brand new Concurrent Studies Courses are not qualified to the loan when they is actually billed graduate tuition percentage.


Cost is going to be in a single lump sum payment or perhaps in repaired equal monthly installments (minimum of $a hundred per month). Maximum payment several months is up to five years to own appeal totally free financing or over to two decades getting attract bearing financing. Interest computation getting attention affect fund was deferred up to shortly after graduation based on the mediocre prime rates regarding DBS, OCBC and you can UOB.

People are able to use the PSEA harmony towards the repayment of their loan after they enjoys finished. To apply and watch more and more this new scheme, excite follow this link. Take note that the form might be published to MOE yourself.

Guarantor Criteria

A great guarantor required. They should be anywhere between 21 and you will 60 yrs old and that’s maybe not a broke. Just Singapore Resident guarantors are acceptable for Singapore Citizen pupils; Singaporean/SPR guarantors was appropriate for SPR children and you can Singaporean/SPR/non-Singaporean guarantors is appropriate for global pupils


Current NUS Analysis Mortgage readers with changed the way and you may is actually charged the brand new university fees commission numbers have to modify DBS of its improvement in movement so the financial could possibly get improve its suggestions properly.

On the performance of your NUS Research Loan for the Singapore, individuals as well as their guarantors have to call yourself at any OCBC twigs or Frank Locations within the Singapore on the completed NUS Research Mortgage Arrangement, the initial and you can copies of its term cards/passports and you may NUS Student Credit. Please be aware that application for the loan could well be declined when the clear, posted photocopies of your own required data commonly provided. Please note your Electronic NRIC (extracted from SingPass) will never be approved. More details have the Letter away from Qualifications and that will be provided for eligible students.

When your applicant’s guarantor isn’t for the Singapore, the fresh applicant’s guarantor can also be signal the portion of the NUS Studies Mortgage Contract to another country regarding exposure out of a Notary Societal # . If for example the Notary Public close is not in English, a converted document is needed to change the fresh new seal toward English.

  • This new Notary Societal should indication/close beside all the signature

Once the Financing Agreement has been signed, the new guarantor would have to post the brand new carried out Mortgage Agreement to this new applicant also copies of their/the girl personality records that has been signed/close by Notary Social playing with a great traceable function out of beginning.

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After getting the borrowed funds Contract and you will personality data, this new candidate can also be move on to any OCBC branches otherwise Frank Locations within the Singapore in order to signal their/the lady part of the Mortgage Contract. Considerably more details are in the fresh Page out of Eligibility and that might be sent to eligible college students.

If the both the applicant with his/the woman guarantor are not in the Singapore, they each other need certainly to sign the brand new NUS Analysis Loan Contract to another country regarding exposure from a Notary Societal # . In the event the Notary Societal secure isn’t inside English, a converted document must translate the fresh seal on English.

As applicant along with his/the lady guarantor provides finalized the borrowed funds Contract, the new applicant will then have to send the mortgage Arrangement and you can Notary Personal seals in order to OCBC Singapore using a beneficial traceable setting regarding beginning within following address:

Consumer loan Functions (TC2) 29 Tampines Path 4 #01- OCBC Tampines Middle Several Singapore 529680 Attention: Person-in-fees, Secured Loan Non-Home loan

# Notary Personal: An official that is signed up by the federal otherwise state in order to attest and you may approve particular data because of the their give and official seal. Some attorneys is appointed because the Notary Publics from the their governments. Simply solicitors designated given that Notary Publics are acceptable as the witness getting the latest guarantor signing of one’s NUS Studies Financing arrangement.

Disbursement away from Funds

Up on high enough compliance of all conditions and terms of one’s monetary aid promote, the borrowed funds financing is credited for the student’s account by work out-of Loans twice yearly by 50 percent doing September and you will March each year. All of the charges considering the School often not getting subtracted out-of such continues ahead of crediting.

* Month-to-month home per capita earnings is the complete gross month-to-month earnings of all of the the individuals located in the family split by number of individuals on the household.

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