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Financial Assistance
1) Study Loan
The following organisations offer study loan. You may contact them directly to apply for such facility:
Maybank
Tel: 1800 629 2265
Website: http://info.maybank2u.com.sg/personal/promo/detail.asp?page=SIM-promotion
NTUC Thrift & Loan Co-operative Limited
Tel: 6534 7360
Website: www.ntucthrift.com.sg
POSB
Tel: 6333 0033
Website: www.posb.com.sg
RHB Bank Berhad
Tel: 1800 323 0100 or 6225 3111
Website: www.rhbbank.com.sg
2) Interest-free Instalment Plan
When you charge above S$500 to your Citibank or OCBC Visa/MasterCard, you can enjoy interest-free instalments of 6 or 12 months. Terms and conditions apply. For more information, please call:
Citibank
Tel: 6225 5225
Website: www.citibank.com.sg
OCBC
Tel: 1800 3633 333
Website: www.ocbc.com.sg
3) VWO Capability Fund (VCF) Local Training Grant
The following degree programmes offered by the School of Human Development and Social Services are supported under the VWO Capability Fund (VCF) Local Training Grant:
a) Bachelor of Counselling
b) Master of Counselling
c) Bachelor of Social Work
d) Master of Social Work
VWO staff who are eligible for the government subsidy will still receive the 30% VCF funding of the subsidised course fee if they fulfil the following criteria:
a) Applicant must be a full-time staff with National Council of Social Service (NCSS) member Voluntary Welfare Organisations (VWO).
b) He/She must be a Singapore Citizen or Permanent Resident. Staff on Employment Pass and Work Permit are not eligible to apply.
c) Applicant has to sign a bond to work in his current VWO during the duration of the studies, and is required to work for another year in his current VWO after completion of the studies.
Applicants who are interested to apply for the VCF Local Training Grant have to apply online via NCSS website www.ncss.org.sg. For further queries, please contact the NCSS.
4) Post Secondary Education Account (PSEA) Scheme
The PSEA scheme helps parents save for their children’s post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child. This is part of the Government’s efforts to encourage every Singaporean to complete his post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children, and to prepare them for the economy of the future. PSEA is not a bank account. It is administered by the Ministry of Education and is opened automatically for all eligible Singaporeans.
Students may apply to use their own or their siblings’ PSEA to pay fees to be incurred at SIM University, among other approved institutions.
Edusave Account balances of students, if any, will be transferred to their PSEA. You can visit the PSEA Scheme website at http://www.moe.gov.sg/finance/PSEA/ to find out more details on the PSEA Scheme. To find out your PSEA balance, you can call the PSEA/Edusave Enquiry Line at Tel. 62600777.
For more details on PSEA scheme, please click here.
UniSIM students - please download form by clicking here. | 
