Cessation of MOE Study Loan
The MOE Study Loan (SL) will be replaced by the Higher Education Student Loan (HESL) from 1 July 2026.
Existing students who do not intend to adjust their borrowings under the SL will continue to receive the loan provision based on what they have taken up under the current loan scheme.
About the Loan
Funded by the government and administered by SMU, the SL is available to students who are using the MOE Tuition Fee Loan, the CPF Education Loan Scheme, or other approved funding schemes to pay their tuition fees, in part or in full. The SL is interest-free during the students' course of study.
The SL does not cover the payment of annual/miscellaneous fees.
Loan Amount
Tier 1: Up to 20% of subsidised tuition fees payable by undergraduate Singaporean students and $3,600 annual living allowance.
Tier 2: Up to 10% of subsidised tuition fees payable by undergraduate Singaporean students and $3,600 annual living allowance.
Note:
(a) The quantum of loan does not include payment of annual/miscellaneous fees.
(b) The quantum of loan is pegged to the subsidised tuition fees payable by undergraduate Singaporean students.
Points to Note
(a) Interest-free during course of study, ie interest is computed upon graduation.
(b) Interest and loan sum are paid to OCBC Bank.
(c) Repay in full if student withdraws.
Enquiries
Office of Finance
Singapore Management University
81 Victoria Street
Singapore 188065
>> Click HERE to submit enquiry to Office of Finance
Contact OCBC FRANK Retail Stores or Branches for enquiries relating to application status after your loan signing process is completed, and your loan repayment plan prior to/upon your completion of studies.
Tel: 1800 363 3333 (within Singapore)
+65 6363 3333 (outside Singapore)
Contact Office of Finance for enquiries relating to the following:
- Post-Secondary Education Account
- CPF Education Loan Scheme
- Mendaki Tertiary Tuition Fee Subsidy Scheme
>> Click HERE to submit enquiry to Office of Finance
Financial aid schemes for undergraduates:
Centre for Student Financial Assistance
Office of Admissions and Financial Assistance
Singapore Management University
81 Victoria Street
Level 3 SMU Administration Building
Singapore 188065
Email: finasst@smu.edu.sg
Acronyms used: SC - Singapore Citizen; SPR - Singapore Permanent Resident; FS - Foreign Student
** The interest rate is subject to change.
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