<\/p>\n
The MENDAKI Study Loan Full Time Local National is available for all Malay\/Muslim students. It aims to uplift the educational performance of the Muslim Community by providing interest-free loans to Muslim students who require financial aid. It helps to partly finance students who are pursuing a first 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).<\/p>\n
13 January 2026 \u2013 31 October 2026<\/p>\n To apply for the MENDAKI Study Loan Full Time Local National, applicants must meet the following requirements:<\/p>\n *NOTE: Applicants are required to furnish 2 guarantors for total course fees exceeding SGD$100,000.<\/strong><\/p>\n There are three catagories where students would be eligible for and its equivalent Loan Amount Disbursement (yearly) below :<\/p>\n The Study Loan will be given for the entire course of study for up to 4 years. 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 other relevant criteria. The decision of the Loans Committee is final. For additional assistance offered by the institutions, please refer here.<\/p>\n Loan Approval and Agreement<\/span><\/p>\n Conditions of the Loan<\/span><\/p>\n As stated in the loan agreement, the loan holder must fulfil the following conditions throughout the course of study:<\/p>\n 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.<\/p>\n Disbursement<\/span> Repayment Schedule<\/span> 6 months after graduation, the repayment amount will be revised based on the level of study:<\/p>\n There will be a progressive annual increment of $100 thereafter.<\/p>\n The full repayment schedule will be detailed in the Loan Agreement.<\/p>\n Commitment to Repay<\/span>
\nApplication Period<\/strong><\/p>\n
\nEligibility Criteria<\/strong><\/p>\n\n
\n
\n
\n
\nLoan Quantum Criteria<\/strong><\/p>\n\n
\nLoan Approval and Agreement<\/strong><\/p>\n\n
\n
\nDisbursement and Repayment<\/strong><\/p>\n
\nThe loan will be disbursed annually throughout the course of study, based on the approved duration.<\/p>\n
\nRepayment begins: 1 month after the first disbursement
\nInitial repayment: $50 per month<\/p>\n\n
\nWe seek every loan applicant\u2019s commitment to follow through with the repayment schedule. Your timely repayments ensure that MENDAKI can continue supporting other students in their educational journey.<\/p>\n
\nApplication Procedure<\/strong><\/p>\n