Assistance

Due to the current COVID-19 situation, it may take longer than expected to process your loan application. We appreciate your kind understanding and patience. 

Introduction

The Supplementary Assistance Scheme aims to uplift the educational performance of the Malay Community by providing interest-free loans to Malay students who require financial aid. It helps to partly finance students who are pursuing a full-time diploma or degree course at local government institutions, and are not receiving any subsidy or are in receipt of partial subsidy (75% and 50%) under the Tertiary Tuition Fee Subsidy (TTFS).

Application Period

1 January – 15 January 2022

15 February – 30 November 2022

CLICK HERE TO APPLY

Eligibility Criteria

Applicants must meet the following requirements:

1. Malay Singaporeans / Singapore Permanent Residents
2. Students who are not receiving any subsidy or are in receipt of partial subsidy (75% and 50%) under the Tertiary Tuition Fee Subsidy (TTFS)
3. Have gained an unconditional admission for a full-time diploma or degree at:
   1. Local government tertiary institutions, namely – Institute of Technical Education, Singapore Polytechnic, Ngee Ann Polytechnic, Nanyang Polytechnic, Republic Polytechnic, or Temasek Polytechnic, Nanyang Technological University/National Institute of Education, Singapore Management University, Singapore Institute of Technology, Singapore University of Social Sciences, Singapore University of Technology and Design or Yale-NUS College
   2. Selected courses (with MOE tuition grants) at Nanyang Academy of Fine Arts and LASALLE College of the Arts
4. Applicants are required to furnish 1 guarantor acceptable to MENDAKI. The acceptability of the guarantor will be at the discretion of the Loans Committee. The guarantor must fulfil the following requirements:
   1. Singaporean and residing in Singapore
   2. Between the age of 21 and 55 years old
   3. Basic monthly income of at least $2,000 and above, and not an undischarged bankrupt
   4. Can be a member staying in the same household as applicant
   5. Must not be an existing MENDAKI loan holder or existing guarantor for other MENDAKI loan accounts
   6. Guarantor must submit a copy of their NRIC and recent income slip. Self-employed guarantor must submit their latest IRAS form or CPF statement

Loan Agreement

An email will be sent out to successful applicants once the loan is approved to notify them of the date for the signing of loan agreement. Successful applicants and their guarantors are required to sign the loan agreement in the presence of a MENDAKI officer at Wisma MENDAKI, 51 Kee Sun Avenue (off Tay Lian Teck Road), Singapore 457056. Applicant and guarantors are required to bring along their NRIC during the signing of loan agreement for verification purposes.

As per the loan agreement, the applicant (borrower) needs to observe and fulfil the following conditions:

1. Pass all subjects taken during the course of study
2. No changes in the agreed period of study
3. No changes in the course of study
4. No withdrawal or termination from the course of study/school
5. No deferment without any valid reasons

If the borrower does not fulfil any of the above condition or any of the term in the loan agreement, the borrower will be considered to have breached the contract of the loan agreement. The full amount of the loan would have to be repaid immediately.

Loan Quantum