Application Period

13 January 2026 – 28 February 2026
1 April 2026 – 31 July 2026
1 September 2026 – 31 October 2026

Eligibility Criteria

To apply for the MENDAKI Study Loan Full Time Degree Overseas, applicants must meet the following requirements:

1. Muslim Singaporean or Singapore Permanent Resident.
2. Holds unconditional admission for a full-time degree at accredited overseas institutions of higher learning. Applications will be approved on a case-by-case basis, depending on the accreditation of the institutions. Please provide an English copy of your offer letter and other supporting documents if necessary.
3. Applicants to provide two guarantors who are acceptable to MENDAKI. The Loans Committee will determine their acceptability based on the following criteria:
   1. Singaporean and residing in Singapore.
   2. Between 21 and 55 years old.
   3. Minimum basic monthly income of $2,000 and not an undischarged bankrupt.
   4. Household Restrictions:
      1. Only one guarantor may reside in the same household as the applicant.
      2. The two guarantors should not from the same household.
   5. Guarantors cannot be an existing MENDAKI loan holder or guarantor for another MENDAKI loan.
4. Guarantors will be prompted to submit their citizenship and income details through SingPass MyInfo.

Loan Quantum Criteria

1. PCI > $750 : Up to $8,000 each year
2. PCI ≤ $750 : Up to $12,000 each year

The Study Loan covers the entire duration of study, for up to 4 years.
In addition to the Per Capita Income (PCI) of the applicant’s household, MENDAKI will also consider the accreditation status of the institution and the relevance of the course of study when assessing loan applications.

All decisions made by the Loans Committee are final.

Loan Approval and Agreement

Loan Approval and Agreement

1. Successful applicants will be notified via email once their loan is approved.
2. To accept the loan offer, both the applicant and guarantors must electronically sign the loan agreement within one week from the date of the agreement.
3. Failure to do so will result in the revocation of the conditional approval, and a new application will be required.

Conditions of the Loan
As stated in the loan agreement, the loan holder must fulfil the following conditions throughout the course of study:

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

Failure to meet any of these conditions, or any other terms in the loan agreement, will be considered a breach of contract. In such cases, the full loan amount will become immediately repayable.

Disbursement and Repayment

Disbursement
The loan will be disbursed annually throughout the course of study, based on the approved duration.

Repayment Schedule
Repayment begins: 1 month after the first disbursement
Initial repayment: $50 per month

6 months after graduation, the repayment amount will be revised based on the level of study:

1. Diploma: $100/month
2. Degree (non-medicine/equivalent): $250/month
3. Degree (medicine/equivalent): $500/month

There will be a progressive annual increment of $100 thereafter.

The full repayment schedule will be detailed in the Loan Agreement.

Commitment to Repay
We seek every loan applicant’s commitment to follow through with the repayment schedule. Your timely repayments ensure that MENDAKI can continue supporting other students in their educational journey.

Application Procedure

1. All applications must be submitted online.
2. Processing will take up to 7 weeks from the date of complete submission, including all required attachments.

Important:
Incomplete applications, applications not accepted by guarantors, or those that do not meet the eligibility criteria will not be processed.

Applicants and guarantors are strongly encouraged to check their emails regularly for updates on the application status.

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