Skip to content Skip to navigation

SMU Education Loan

SMU Education Loan

The SMU Education Loan scheme is aimed at assisting needy undergraduate students in managing their educational finances during their studies.

  • Up to $5,000*

(*The loan is tenable for 1 year only. As such, students must ensure that they have adequate financial resources to see them throughout their studies.)

  • Full-time undergraduate students of any nationality in any degree programmes
  • Monthly gross household per capita (average) income of no more than $2,700 and with evidence of financial difficulties
  • Must have utilized the Tuition Fee Loan, Study Loan and/or CPF Education Loan and/or fee subsidy/loan from a registered government agency or a combination of all the above in fully covering the tuition fee payable
  • Must have taken up the annual living allowance of $3,600 under the Study Loan scheme (if eligible)
  • Must have taken up the SMU Bursary, SMU Financial Grant, MOE Bursary, donated bursary, or any other bursaries offered by external organisations in the year of application (if eligible)
  • Must be between the ages of 21 and 60 years old
  • Must not be an undischarged bankrupt or a student pursuing full-time education
  • Should not have served as a guarantor for more than two outstanding student loans, including this loan
  • Must be a Singapore citizen, for an applicant who is a Singapore citizen
  • Can be either a Singapore citizen or a permanent resident, for an applicant who is a Singapore permanent resident
  • Can be of any nationality, for an applicant who is a non-Singapore citizen
  • Interest-free during course of study
  • Interest is computed upon graduation (average prime rate of 3 local banks in Singapore)
  • Not later than 1 year after graduation or on securing employment, whichever is earlier
  • Lump sum or monthly instalments of $100 (minimum)
  • Maximum repayment period of 3 years
  • Must repay in full if student withdraws

Apply (once only)  via student portal, OASIS (Self-service App – Financial Aid Application), using student computer account username and password:

  • For one-year financing commencing Term 1, Academic Year 2018-19: 15 May to 12 August 2018
  • For one-year financing commencing Term 2, Academic Year 2018-19: November to December 2018 (dates to be confirmed)

For enquiries, please contact:

Centre for Student Financial Assistance
Office of Undergraduate Admissions and Financial Assistance
Tel: +65 6828 0264
Fax: +65 6828 0303

Last updated on 16 May 2018.