What happens after I have endorsed the online CPF Education Loan application?
If your application is successful, the borrower will be notified on the application status generally within the next two months after the conditions have been met. He/she can check the application status under "Activities" by logging in to CPF website with Singpass.
For all unsuccessful/ invalid applications, it could be due to one of the following reasons:
- Did not meet the eligibility criteria i.e CPF lender does not have sufficient Ordinary Account savings up to the Available Withdrawal Limit for education purposes.
- Application was not endorsed by lender within the deadline of 14 days.
- Duplicate application detected i.e it is a one-time application for the whole course of study.
The borrower may wish to consider the MOE Tuition Fee Loan which is interest-free during his/her course of study, if the application for the CPF Education Loan is unsuccessful.
This information is sourced from CPF
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