Student Loan (Laptop/Mobile Phone)

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.  

  1. Loan application is subject to approval and availability of loan funds.
  2. Open to full-time undergraduates 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.
  3. SPR/International undergraduates paying non-subsidized tuition fees are not eligible to apply.
  4. Limited to one Student Loan during his/her programme of study at the University.
PCI =
Gross income of family members in household
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Total number of family members in household

Gross income refers to amount before deduction of CPF.

It includes allowances, overtime, commissions etc.


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.

  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 holding Tuition Fee Loan/ loan from CPF Education Loan Scheme or any other form of loan should not stand as guarantor.
  5. If the application for the Student Loan is successful, the applicant and 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.

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.


Indicate your interest to apply for this loan via Ask FinAid and we will send you the link for application.