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How do I change my monthly instalment for my education loan repayment under the CPF Education Loan Scheme?
Students (borrowers) may submit an application online to change the monthly instalment payable through "Manage education loan repayments" using their Singpass.
The minimum monthly instalment is $100. Students are encouraged to increase their monthly instalment as this will enable them to fully repay the education loan within a shorter period and hence minimise the accrued interest payable to the member.
The minimum monthly instalment is $100. Students are encouraged to increase their monthly instalment as this will enable them to fully repay the education loan within a shorter period and hence minimise the accrued interest payable to the member.
This information is sourced from CPF.
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