DBS shares your dream of attending university or polytechnic. It provides various types of loans including education or student loans. The bank aims to provide opportunities to finish college education to many Singapore citizens or Singapore permanent residents who cannot otherwise afford to do so.
DBS Study Loan
1. University
Key Features
- Annual living allowance of up to S$3,600 or up to 20% of the subsidized tuition fee payable by Singapore students.
- Minimum $100 repayment per month.
- No interest during the course of study.
- Interest is charged at an average prime rate of DBS, OCBC and UOB after graduation.
- For interest bearing loan, up to 20 years repayment period; for interest free student loan with repayment starting only after course completion, up to 5 years.
Interest Rate
No interest during the course of study.
Loan Amount
Up to 25% of the subsidized tuition fee payable by the student.
Repayment
- Repayment begins at a period not longer than 6 months after graduation.
- Loan payment can either be made lump sum or by instalments of not less than S$100 per month.
- For interest bearing loan, repayment period is up to 20 years while interest free student loan with repayment commencing after course completion is up to 5 years.
Guarantor
- 21 to 60 years of age
- Not an undischarged bankrupt
Eligibility
- Those undergraduates whose tuition fee have been financed, wholly or partially, by Singapore citizens from one or a combination of the following loan grants:
- Scholarship
- Tuition Fee Loan
- CPF Education Loan
- Tuition fee subsidy from a registered government agency/ government loans
- MENDAKI Tertiary Tuition Subsidy/ Loan
How to apply
Visit the respective institution’s website for the application process.
2. Polytechnic
Key Features
- Annual living allowance of up to S$2,000 or up to 25% of the subsidized tuition fee payable by Singapore learners.
- Minimum $100 repayment per month.
- No interest during the course of education.
- Interest is charged at an average prime rate of DBS, OCBC, and UOB after graduation.
- For interest-bearing loan, up to 5 years repayment period; for interest-free student loan with repayment commencing only after course completion, up to 2 years.
Interest Rate
No interest during the course of education.
Loanable Amount
Up to 25% of the subsidized tuition fee payable by the student.
Repayment
Please refer to the respective institution’s website for repayment details.
Guarantor
- 21 to 60 years of age
- Not an undischarged bankrupt
Eligibility
- Those full-time diploma scholars, both Singapore citizens or permanent residents (PR), enrolled in any of the local polytechnics are eligible, provided they have taken up the following schemes:
- CPF Education Scheme
- MENDAKI Subsidy Scheme/ Loan
- Tuition Fee Loan Scheme
How to Apply
Please refer to the respective institution’s website for the application process.
DBS Tuition Fee Loan
1. University
Key Features
- Up to 95% of the subsidized tuition fee payable by Singapore students.
- Interest-free loan during the course of education which is charged at an average prime rate of DBS, OCBC, and UOB after graduation.
- Repayment period of up to 20 years that begins after education completion.
- Minimum monthly repayment of S$100.
Interest Rate
No interest during the course of study.
Loanable Amount
Up to 95% of the subsidized tuition fee loan payable by Singapore students.
Repayment
- 20 years as maximum repayment period
- Repayment starts not beyond 2 years after graduation
- Loan payment can either be made lump sum or by instalments of not less than S$100 per month.
Guarantor
- 21 to 60 years of age
- Not an undischarged bankrupt
Eligibility
- No income requirement
- No age restriction
- All students enrolled in any of the local universities or NIE are eligible, provided that they do not fall into one of the categories below:
- Students on self-funded courses
- Students receiving full tuition subsidy from MENDAKI
- Students using CPF savings for payment of 100% of the subsidized tuition fee
- Non Singapore citizen/ PR students who are not eligible for any tuition fee grant (those who pay their own full tuition fees)
- Students receiving any Government/ Statutory Board/ school scholarships that cover tuition fee
How to Apply
- Fill up the tuition fee loan application form.
- Fill up the letter of offer.
- Bring the following documents together with the guarantor to any DBS branch:
- Application Form
- Letter of Offer
- NRIC/ Passport of both student and guarantor
2. Polytechnic
Key Features
- Up to 75% of the subsidized tuition fees payable by Singapore students.
- Interest-free loan during the course of study which is charged at an average prime rate of DBS, OCBC, and UOB after graduation.
- Repayment period of up to 10 years that begins after education completion.
- Minimum monthly repayment of S$100.
Interest Rate
No interest during the course of study.
Loanable Amount
Up to 75% of the subsidized tuition fee loans payable by Singapore students.
Loan Repayments
- 10 years as maximum repayment period
- Repayment starts not beyond 2 years after graduation
- Loan payment can either be made lump sum or by instalments of not less than S$100 per month.
Guarantor
- 21 to 60 years of age
- Not an undischarged bankrupt
Eligibility
- No income requirement
- No age restriction
- All full time subsidized diploma students enrolled in any of the local polytechnics are eligible, provided they do not fall in any of the category below:
- Those that receive full tuition subsidy from MENDAKI
- Those that use CPF savings for payment of 100% of the subsidized tuition fees
- Those who are receiving any Government/ Statutory Board/ school scholarships that cover tuition fees
How to Apply
- Fill up the application form.
- Fill up the letter of offer.
- Bring the following documents together with the guarantor to any DBS branch:
- Application Form
- Letter of Offer
- NRIC/ Passport of both student and guarantor
Computer Loan
1. Polytechnic
Key Features
- A free-interest loan.
- Repayment period is up to 24 months that commences after education completion.
- Minimum monthly repayment of only S$100.
Interest Rate
There is no interest.
Repayment
- Repayment period of up to 24 months which commences after program completion.
- Loan payment can either be made one payment or by instalments of not less than S$100 per month.
Guarantor
- 21 to 60 years of age
- Not an undischarged bankrupt
Eligibility
- It only applies to Ngee Ann Polytechnic
How to Apply
Please refer to the respective institution’s website for the application process.
Further Assist Loan
Key Features
- Very low interest rate.
- Flexible repayment period.
- High amount.
Interest Rate
4.38% per annum
Processing Fee
2.5% processing fee
Loan Amount
You can loan up to 10 times the combined monthly income of you and your guarantor, provided it does not go beyond the maximum amount of S$160,000.
Repayment
Flexible repayment period of up to 10 years.
Guarantor
- Singapore Citizen/ Singapore Permanent Resident
- Aged 21 to 65 years upon loan maturity
- Has at least S$24,000 annual gross income
- Should be an immediate family member of the borrower
Eligibility
- Singapore Citizen/ Singapore Permanent Resident
- Aged 17 to 65 years upon loan maturity
- Has at least S$18,000 annual gross income
How to Apply
Download, print, and complete the application form and send it to DBS.
Closing
Visit Loan Advisor Study Loan page to explore and compare various study loans available for you!