How do I apply to use CPF savings under the CPF Education Loan Scheme?
You are required to submit only ONE application form for each CPF lender for your entire course of study at the approved educational institution. You do NOT need to re-apply or submit a new application every semester unless you have enrolled into another approved educational institution.
If you are a Singapore Citizen or Singapore Permanent Resident, you may apply for a CPF education loan online through "Forms and e-applications" using your Singpass. You must read the accompanying Terms & Conditions, and Procedures & Guidelines before you complete the online form.
The Board will notify the lender of the amount of CPF savings paid out to the educational institution. For subsequent semesters, the tuition fees will automatically be paid to the institution. This is subject to the amount available for withdrawal from the lender's Ordinary Account (OA) at the point of deduction. An administrative fee of $10.90 (inclusive of GST) will be charged for each deduction from the lender's OA.
Important Notes
- Both the lender (whose CPF funds would be withdrawn) and you must each have your own Singpass and a valid email account.
- An email* with a link will be sent to the lender's email address provided in the application form the next day, if the application is in order. Otherwise, you will be informed that your application has been rejected.
- The lender* must log in through the provided link or the Endorse CPF education loan form in the CPF website, using his/her own Singpass, within 14 days from the date the application was submitted, to agree to the use of his/her CPF savings. Otherwise, the online application will be automatically rejected.
*This is not applicable if you are applying to use your own CPF savings for the tuition fees payment.
This information is sourced from CPF
Related questions
What should I do if there is a change in payer for my tuition fees under the CPF Education Loan Scheme?
What information do I need to prepare before applying to use CPF savings under the CPF Education Loan Scheme?
Why is my email address required for the online application under CPF Education Loan Scheme?
What happens to my online CPF Education Loan application that have been endorsed by the CPF member?
Need more help?
Get in touch