By MoneyBees
Work out your MOE tuition fee loan or HESL repayment at today's 2.6% rate. See the monthly instalment, total interest and payoff date for NUS, NTU and SMU fees.
2.6% a year for 1 Oct 2026 to 31 Mar 2027, which is the 3-month compounded SORA that MAS published on 1 Sep 2026 (1.1863%) plus 1.5 points. It resets every April and October.
HESL replaced the Tuition Fee Loan and Study Loan for students starting in AY2026. It has a base part that covers up to 90% of subsidised fees, and a means-tested part for living costs and the rest of the fees. If you already have a Tuition Fee Loan, you can keep it.
Nothing accrues while you study; interest starts on the day you graduate or leave the institution.
Up to 10 years for HESL. A Tuition Fee Loan signed before HESL can run up to 20 years, with a minimum of S$100 a month.
Those loans stay on the old basis until 31 March 2027: the average prime lending rate of the three local banks. From 1 April 2027 they move to 3M SORA plus 1.5 points like every other government education loan, so check the notice your bank sent for the exact rate you pay before then.
Yes. MOE lets you use PSEA money to repay a government education loan after you leave the institution. You can also use PSEA to pay fees while you study, which means you borrow less.
Only if you need it. Every dollar you do not borrow saves you interest. At 2.6% over 10 years, each S$1,000 borrowed costs about S$137 in interest.
Yes. You can pay a lump sum, part of the loan or monthly instalments after you graduate. Use the extra payment box above to see how much interest you save.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).