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Study Loans
Students may wish to take up the following Study Loans to help supplement their studies financially. These loans are not administered by NAFA and students are encouraged to approach the various organisations for more information.

Examples of study loans currently available are:

Citibank Education Loan

Application Process: Please contact Citibank for more information and application or call 6225 5225.
Criteria: Applicant must be at least 21 - 55 years of age or Joint applicant / guarantor must be at least 21 - 55 years of age
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


Maybank Education Loan

Application Process: Please contact Maybank for more information and application or call 1800 629 2265.
Criteria: Applicant must be at least 21 - 60 years of age or Joint applicant / guarantor must be at least 21 - 60 years of age
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


Mendaki Study Loan

Application Process: Please contact Mendaki office directly for information and application or call 6245 5710
Application form is obtainable from the Mendaki web site and Wisma MENDAKI, 51 Kee Sun Ave, Off Tay Lian Teck Road, Singapore 457056.
Criteria: For Malay or Musilim students who are pursuing full-time diploma course
Citizenship: Singaporean / Singapore PR
Grant Quantum: Maximum $5,000 or actual amount yearly (whichever is lower)
Application Period: Throughout the year


POSB Further Study Assist

Application Process: Please contact POSB for more information and application or call 1800 339 6666.
Criteria: At least 17 to 50 years old. A guarantor is required if you are below 21 years old.
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


NTUC Thrift Education Loan

Application Process: Please contact NTUC Thrift for more information and application.
Criteria: For NTUC Union members; non-members will be required to sign up for union membership upon loan acceptance
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


OCBC Education Loan

Application Process: Please contact OCBC for more information and application.
Criteria: For single applicants with an annual income of at least S$24,000; for joint applications, joint applicant must be the main applicant's spouse, sibling or parent. All applicants must be 21 - 55 years old.
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


RHB Education Loan

Application Process: Please contact RHB for more information and application.
Criteria: Age between 21 and 62 (as at end of loan tenure)
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


HSBC Personal Loan

Application Period: Please contact HSBC for more information and application.
Criteria: For applicants with an annual income of at least $40,000; applicant must be at least 21 years old
Citizenship: Singaporean / Singapore PR; foreign applicants must have an employment pass with validity of at least 1 year
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


GE Money Personal Loan

Application Period: Please contact GE Money for more information and application.
Criteria: Applicant must have a monthly income of at least S$1,600 and 21 - 60 years old
Citizenship: Singaporean / Singapore PR
Grant Quantum: Subject to loan quantum
Application Period: Ongoing


For further enquiries, please approach the Office of Student Affairs (OSA), NAFA Campus 1 Wing A, Level 2. Email: studentaffairs@nafa.edu.sg | Tel: 6512 6132