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I am currently studying and have not graduated from the institution. I would like to make a full or partial repayment on my education loan. What do I need to do?
Yes, you can make a full or partial repayment of the education loan.
The lending member must first revoke the use of his or her CPF savings for your education by completing the online revocation application at https://www.cpf.gov.sg/RevocationForm. In the form, the member must select the option "The student is making an early repayment of the education loan while still studying at the Approved Educational Institution".
Once the revocation is processed, the lending member will receive an email notification regarding the application status. If you wish to make repayment prior to graduation, you may check with him or her for the payment details on their 'Activities' page.
This information is sourced from CPF.
Related questions
How does the education loan repayment work?
My education loan repayment is deferred. Would the interest on the outstanding loan amount continue to accrue during the deferment period?
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Why can't I submit the online waiver application despite meeting the waiver conditions?
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Can I stop the use of CPF savings for my tuition fees and make a lump sum or full repayment for the education loan before I graduate?
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