Eligibility

• Full time students can apply to use their own or their parents’ CPF savings to pay for the tuition fees.
• International students would need to furnish the particulars of a guarantor.
• The withdrawal limit for education is 40% of the balance in the ordinary account including amounts withdrawn for education and investments.

Loan Amount / Value

• 100% of tuition fee

Interest Rate

• Prevailing CPF interest rate

Interest Accrual

• Interest will be charged from the time the savings are withdrawn

Maximum Repayment Period

• 12 years

Minimum Amount of Repayment

• $100 per month in cash payable to CPF Board
• CPF savings cannot be used for repayment

Commencement of Loan Repayment

• 1 year after graduation or 1 year after leaving the Polytechnic without completing the course

How to Apply

• Online application is for Singapore Citizens and Permanent Residents only. 
• International students can obtain the application form from our Finance Office at Student Services Centre (SSC).
• Click Here to apply.

Application Period

• Before 26 April 2012
• Call 6460 6215 if you have missed the application period
• Please refer to email sent from our Finance Office to your NP Connect Account for more details.
• CPF Education Scheme Hotline: 6229 3377