FAQ

Student Loan

1. What is Student Loan?
This is an interest-free student loan to assist full-time NTU undergraduates in buying a laptop/desktop/mobile phone to support their learning needs during their course of study.

2. What can I buy using the Student Loan?

The loan amount of S$2000 may be used to purchase any model of laptop/desktop/mobile phone at any retail outlet. Students may purchase both a laptop and mobile phone, as long as the total purchase amount to or is less than S$2000.

3. Who is eligible to apply for Student Loan?
Full-time undergraduates of all nationalities whose monthly household Per Capita Income (PCI) is less than or equal to S$2,500 or Gross Household Income (GHI) is less than or equal to S$10,000. Each student is limited to one Student Loan during his/her programme of study at the University.

4. Who is not eligible to apply for Student Loan?
Singapore Permanent Residents and International undergraduates paying non-subsidized tuition fees.

5. I am an international student and I am not able to find a SPR to stand in as my guarantor. May I still apply for the loan with a friend/relative who is a non-SG/non-SPR?
We will accept the guarantor only if your relative/friend is an SG or Singapore PR.

​6. May I change my Student Loan application after accepting the offer but before signing the loan agreement?
Yes, you may submit your queries through Ask Finaid for consideration.

​7. Who will notify me of the application outcome?
The outcome of your Student Loan application will be informed via your NTU Student Email Account. Successful applicants are required to reply to Ask Finaid to indicate their acceptance.

8. When will the loan be disbursed?

Once your loan application is approved, you will receive an email with a link to book an appointment for loan agreement signing at One-Stop@SAC. Both you and your guarantor must be present for this appointment, as it signifies a formal agreement with the University regarding the repayment of the loan.

To avoid any delays, please ensure your bank account details are up to date via Student Intranet > Finance Matters > Bank Details Update > Update of Bank Details for Reimbursement/Payment.

After the loan agreement is signed, the University will review your submission and process the disbursement. This typically takes around 3 weeks from the date of signing with completed bank details provided.

9. When does the interest/repayments commence for the Student Loan?
The loan is interest free with repayments (instalments) commencing 3 months upon graduation over a period of 3 years. NTU NSS-Finance will inform you of the repayment commencement date.

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