Assistance

Due to the current COVID-19 situation, the processing of loan applications may take longer. We seek your kind understanding. 

Please be informed that the outcome of applications received from 1 to 31 December 2020 (both dates inclusive) will be made known in January 2021.

For enquiries, drop us an email at loans@mendaki.org.sg or call us at 6551 2842.

Introduction
The Supplementary Assistance Loan Scheme (SAS) is aimed at uplifting the educational performance of the Malay Community by providing interest-free loans to needy Malay students. It is to part-finance students pursuing a full-time diploma and degree course locally at government institutions who not receiving any subsidy or are in receipt of partial (75% & 50%) subsidy under the Tertiary Tuition Fee Subsidy (TTFS).

Application Period
1 January – 30 November 2021

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 (75% & 50%) subsidy under the Tertiary Tuition Fee Subsidy (TTFS).
3. Gained an unconditional admission to do a full-time diploma or degree at local government tertiary institutions namely – Institute of Technical Education (ITE), Singapore Polytechnic, Ngee Ann Polytechnic, Nanyang Polytechnic, Republic Polytechnic and Temasek Polytechnic, National University of Singapore, Nanyang Technological University/NIE, Singapore Management University, Singapore Institute of Technology, SIM University (UniSIM), Singapore University of Technology and Design and Yale-NUS College.
4. Selected courses (only those receiving MOE tuition grants) at Nanyang Academic of Fine Arts and LaSalle College of the Arts.
5. Sign an agreement with MENDAKI for the repayment of the loan. Applicants are required to furnish 2 guarantors acceptable to MENDAKI. The acceptability of the 2 guarantors will be at the discretion of the Loans Committee. The guarantors must fulfill the following requirements:
   • Singaporeans
   • Between the age of 21 and 55 years old
   • Gross monthly income of at least $1,500 and above
   • Gainfully employed for the past 1 year
   • Must not be the applicant’s parents, siblings or staying in the same household
   • The first and second guarantor must not be from the same household
   • Guarantors must submit a copy of their NRIC and recent income slip (the information will be kept confidential)
   • Update latest address by giving a photocopy of their NRIC at the time of final cheque disbursement
   • Self-employed guarantors must submit their latest IRAS form or CPF statement

Loan Agreement
An email will be sent out to the applicant once the loan is approved to notify on the date for the signing of loan agreement and collection of cheque. Successful applicants and their guarantors are required to sign the loan agreement in the presence of YM officer at Wisma MENDAKI, 51 Kee Sun Avenue (off TayLian Teck Road) Singapore, 457056. Applicant and guarantors are reminded to bring along their NRIC during the signing of loan agreement for verification purposes.

As per the loan deed, the borrower needs to observe and fulfill the following conditions:

1. Passing all subjects taken during the course of study;
2. No changes in the agreed length 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
6. Graduate within the curriculum duration of study

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

Loan Quantum:

The loan will be given for the entire course of study and the loan amount is at the discretion of the Loans Committee, after taking into consideration the financial circumstances of the applicant, the course of study and any other relevant criteria. The decision of the Loans Committee is final.

Loan Disbursement
Applicants will be notified through email on the disbursement of subsequent loan cheque. Subsequent loan disbursements will be given only after the submission of the exam result through online, showing proof that the student passed their examinations for the academic year and progress to the next year of study.

Loan Repayment
The repayment of loan could be made via cash, cheque, NETS, GIRO or Internet Banking.  Applicant can choose one of the following three options.

Click here for more details on loan repayment

Application Procedure
The application can only be made online here. Processing of the applications will take 3 weeks from the date the application is received. Students will be notified through email on the outcome of the application. For further clarification, please call our customer service officers at 6245 5555.

Incomplete application will not be processed and application that did not meet the eligibility criteria will be rejected.