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CPF Education LoanĀ Scheme

The CPF Education LoanĀ Scheme enables members to use CPF savings from their Ordinary Account to pay for their children or their own tuition fees. The student has to repay the amount withdrawn plus interest, in cash subsequently.

Eligibility

Full-time undergraduate students (Singapore Citizen and Singapore Permanent Resident) can use their own CPF savings, their spousesā€™ and their parentsā€™ (including step-parentsā€™) CPF savings.

Loan amount

Up to 100% of subsidised tuition fees payable by undergraduate students.

Administrative fee

An administrative fee of S$10, which may be revised from time to time, plus GST, will be charged for each deduction from the CPF memberā€™s Ordinary Account. This fee and GST will be deducted from the CPF memberā€™s Ordinary Account and will form part of the CPF savings withdrawn to be repaid by the student.

Interest

Interest is computed from theĀ date the CPF savings are deducted, pegged at theĀ .

Repayment

The student is required to repay to the CPF memberā€™s CPF account, the CPF savings withdrawn under the Education Loan Scheme including interest.

 

The repayment can be made in one lump sum or in monthly instalments over a maximum period of 12 years.

 

For outstanding amounts of up to S$10,000, the minimum repayment per month is S$100.

 

RepaymentĀ begins one year after the student graduates or one year after he leaves the course, whichever is earlier.

 

All repayments must be in cash.

Application period

Existing students:Ā Application will open onĀ 28 November 2025Ā and close onĀ 9 January 2026

How to apply

Apply online via theĀ .

 

Note:

    1. Applicant is the student himself or herself, not the parent.
    2. Successful applicants need not apply for the scheme every year.
    3. The status of application can be tracked via the CPF Board Portal.
Cancellation of existing deduction instructions

To cancel existing deduction instructions, please complete theĀ .

Further information

More information is available at theĀ .

 

For further advice on the CPF memberā€™s account or enquiries on e-application for use of CPF funds, please contact CPF Call Centre at 1800-227-1188 or submit an enquiry via CPF’s portal.