GEM Explorer (Study / Research)

These schemes are designed to help students to defray their overseas expenditure.

Eligibility

Travel Awards

OSP Loan

Quantum 

Travel Awards

OSP Loan

Please note that if you are applying for both the loan and travel award, the maximum amount offered (which may be a combination of loan and travel award) will not exceed the maximum aid amount as shown in the loan table above.

For OSP Loan applicants

Guarantor Requirements

1. One guarantor aged 21 to 60 years (based on the guarantor's age at the point of application), and not an un-discharged bankrupt.
2. A loan applicant who is a:
   • Singaporean student to provide a Singaporean guarantor
   • Singapore Permanent Resident and International students to provide a Singaporean/Singapore Permanent Resident guarantor
3. The guarantor must be gainfully employed.
4. A student of Nanyang Technological University who satisfies (1) and (2) may also act as a guarantor. However, a student who is in the process of applying or holding Tuition Fee Loan / loan from CPF Education Loan Scheme or any other form of loan should not stand as a guarantor.
5. If the application for OSP loan is successful, the applicant and the guarantor have to be both present at NTU to sign the Loan Agreement.
6. A person is discouraged from standing in for more than 2 loans in view of the financial implications.

Interest

1. Interest-free during course of study.

2. Interest will commence upon graduation. 

3. The following interest rates will be applicable to all new Government education loan (i.e. MOE Tuition Fee Loan, MOE Study Loan, Overseas Student Programme Loan) agreements signed on and after 1 April 2024. 

* not applicable to interest-free Study Loan

 The interest rates will be revised on a half-yearly basis based on the 3M SORA¹ published on the Monetary Authority of Singapore’s (MAS) website² on 1 March (for the period 1 April to 30 September) or 1 September (for the period 1 October to 31 March of the following calendar year)³.  You can visit OCBC Bank website for the applicable interest rates on every 1 April and 1 October.

Repayment

How to apply

• You may apply within the application window period and need not wait for your overseas programme outcome.
• For students who are not successful in your overseas programme, we will not offer you any Travel Awards/OSP Loan.
• For students who are successful for the overseas programme and are offered the OSP Loan, you have the choice to decline the OSP Loan offer.
• For students who applied for the Travel Awards, a limited number of travel awards are available and therefore not all applicants will be successful. Students are strongly encouraged to apply for the OSP Loan if they have not applied for the loan before.

Step 1: Prepare the required supporting documents for application.  

Step 2: Submit your application with supporting documents within the application window period via the Financial Aid Application Portal.

Step 3: You may login to the Portal to check on the progress of your application.

Step 4: You will be informed of the outcome via your NTU email account. Please accept/decline your financial aid offer via the Portal.

Step 5: Upon accepting the loan offer, you will receive an appointment booking link via email, to sign the loan agreement in person at One-Stop@SAC. You and your guarantor should bring your NRICs for the loan signing appointment.

Step 6: After the loan agreement has been signed, the funds will be disbursed to your bank account within 6-8 weeks upon submission of the paperwork to the bank.

If you wish to apply for an OSP loan after the application window has closed, please approach Ask Finaid (Student) for assistance.