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What happens after I have endorsed the online CPF Education Loan application?
If your application is successful, the student (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 the CPF member (lender) does not have sufficient Ordinary Account savings up to the Available Withdrawal Limit for education purposes.
- Application was not endorsed by the member within the deadline of 14 days.
- Duplicate application detected i.e this is a one-time application for the whole course of study.
If the application for the CPF Education Loan is unsuccessful, the student may wish to consider the MOE Higher Education Student Loan which is interest-free during the course of study.
This information is sourced from CPF.
Related questions
What happens to my online CPF Education Loan application that have been endorsed by the CPF member (lender)?
When must the CPF lender endorse the online application submitted under the CPF Education Loan Scheme?
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What if I lose the endorsement email or did not receive the endorsement email for the use of my CPF savings under the CPF Education Loan Scheme?
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What should I do if there is a change in payer for my tuition fees under the CPF Education Loan Scheme?
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