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Study Loans

SIET interest free study loan is granted to deserving students who are aspiring to attain their tertiary qualification or working adults aspiring to upgrade themselves within their respective employment sector.

Eligibility

  • Enrolled in a full time/part time Diploma or Degree programme.
  • Singapore Citizen or Permanent Resident of Indian and others of South Asian origin (Sri Lankan, Pakistan, Bangladesh, Nepal)
  • Student and/or family currently contributing to SINDA.
  • Per-capita household NETT income (PCI) of $1,000 per month or less
    (PCI is nett income of all family members, divided by the total number of family members in the same household).
  • Currently receiving or have applied for other financial assistance prior to applying with SIET.
  • Provide 2 sureties with annual income of minimum $24,000; ($2,000/month)

Quantum & Repayment

  • Diploma Courses – Up to $5,000 per academic year repayable in interest-free monthly instalments. Maximum $10,000.
  • Degree Courses – Up to $8,000 per academic year repayable in interest-free monthly instalments. Maximum $24,000.
  • Estimated monthly instalments will be based on student’s financial circumstances.

All applicants are required to attend a panel interview. Decision of the panel shall be final.

University Undergraduate Loans is granted to deserving full time students who are experiencing financial difficulties to fund other additional programmes related to their course of study.

Eligibility

  • Enrolled as a full-time student in one of the following institutions.
  • Singapore Citizen or Permanent Resident of Indian and others of South Asian origin (Sri Lankan, Pakistan, Bangladesh, Nepal)
  • Per-capita household NETT income (PCI) of $1,000 per month or less
    (PCI is nett income of all family members, divided by the total number of family members in the same household).
  • Currently receiving or have applied for other financial assistance prior to applying with SIET.
  • Provide 2 sureties with annual income of minimum $24,000; ($2,000/month)

Quantum & Repayment

  • One time loan of up to $2,000, repayable in interest free monthly instalments upon graduation.
  • Estimated monthly instalments will be based on student’s financial circumstances.

All applicants are required to attend a panel interview. Decision of the panel shall be final.

Download Study Loan Form

P. Abirahme

I received study loan from SIET when I was in dire need of financial help to pay my school fees. I was financially constrained due to my father’s medical condition and it was a particularly stressful period for me with my school assignments and exams ongoing. Despite having good grades, I wanted to be able to study and give back to the society by having appropriate qualifications for my future career. SIET has fulfilled that by being helpful and prompt in their replies. They respected my passion for my career aspirations which I am appreciative of. I have benefitted from this financially and educationally. With the help of SIET, I can now allocate my undivided attention to studies without having to worry about my school fees. They have also helped to alleviate my parents’ worries as well. SIET has also made me more determined and motivated to do better in all aspects with regards to education, to upkeep the trust they have placed in me. Furthermore, SIET also gave me the opportunity to further my studies without any complication or hindrance to it. I am extremely grateful for the help they have rendered me with.

Name: P. Abirahme
Course Title: Higher Diploma in Psychology (Bachelor’s in Psychology)
School: Management Development Institute of Singapore (MDIS)
Year of Study:

Kathiragavin Velayutham

The interest free student loan from SIET has greatly eased the financial burden that has been imposed on the family due to my high school fees. My father, being the sole breadwinner of the family must handle my school expenses and provide pocket money, not forgetting the fact that he must provide for his family of 5 as well. My sister is also preparing to go to Stanford university for higher studies, which also requires money to be spent. I believe that the loan given by SIET gives me a chance to take responsibility of my own learning and enables me to pay back the loan once I have graduated.

Name: Kathiragavin Velayutham
Course Title: Bachelor’s in Civil Engineering with Honours
School: University of Newcastle Australia
Year of Study: 2

Ahmed Firrdauz Bin Akbar

I received the SIET Study Loan for 2019 and it has been extremely beneficial to me as it relieves the financial burden on my parents of paying for the cost of my education. Studying overseas, the cost is very high and this interest free loan, which is rare, makes it much easier for us to cope. Finding out about this loan was a blessing and the application and interview process was very smooth. I even managed to have my interview through skype while I was studying overseas. We are truly grateful for the help provided by SIET and I would encourage anyone in similar circumstances to apply for this as well.

Name: Ahmed Firrdauz Bin Akbar
Course Title: Bachelor of Medicine and Surgery
School: Monash University
Year of Study: 2

Balan Vidya Abinaya

I am currently pursuing an ISTD Engineering degree specialised in Cyber Security at SUTD. I am a recipient of both SIET’s Bursary and Study loan schemes since this year. I am profoundly grateful for both the aids because they enable me to better focus and concentrate on my studies. With the bursary, I can budget and save on the current spending for transportation, as I cannot afford to stay in the campus hostel, food and college materials. I do not have to worry or trouble my parents for these daily and monthly expenses. As I am moving on to my final year at SUTD, I will be forever thankful for SIET’s study loan for removing the financial burden that was in the way of my studies. I am now concentrating better, and I don’t worry about having to fund my studies as I study. It has also induced this responsibility in me to plan. The SIET financial aids don’t just help underprivileged students in the present but it also represents our future.

Name: Balan Vidya Abinaya
Course Title: Bachelor of Engineering with Honours, Information Systems, Technology and Design (Cyber Security Track)
School: Singapore University of Technology and Design
Year of Study: 4

Mohammed Arafat

I am a recipient of SIET Study loan and SINDA scholarship. This financial aid helped me to achieve my educational and career goals. I was working hard for the past year to save up for college, but with the exorbitant costs of tuition, my savings were not enough. In a single parent family, it is difficult to maintain a steady stream of income. It also helped to reduce my workload. While I still work full time to support my family, having received this assistance greatly reduced my stress and tension at college. I can accomplish my current goal, move on to the next and eventfully become a successful professional in the current Singapore career market.

Name: Mohammed Arafat
Course Title: Bachelor of Science with Honours in Business and Management
School: Royal Holloway, University of London and Kaplan Higher Education Institute
Year of Study: 2

Faheemah Normarkali

The SIET Bursary has benefitted me and my family financially. It made us less worried about how I am going to get school supplies and books especially when the school does not provide free books and uniforms. We must get them using our own pocket money. Therefore, this bursary lessens the burden of not just me but my family as I can now get enough school supplies or revision books and items that I need. In Mechatronics, we need a lot of hand tools and school does not provide all of them. Thus, to do school projects well we need proper hand tools and since they are not so cheap so I will use this bursary to get what I need.

Name: Faheemah Normarkali
Course Title: Nitec in Mechatronics Engineering
School: ITE College West
Year of Study: 1

Praveen Kumar

Receiving the SIET Bursary has helped lighten the financial burden of my family. The financial aid that I receive helps with my monthly expenses in school and allows my dad to handle other financial matters with lesser constraints. As my dad is the sole breadwinner of the family, this financial aid helps him to manage my younger sister’s expenses in school as well. My younger sister is in her final year in Republic Polytechnic and my mom is a housewife. The financial aid received from SIET helps me focus on my academics instead of worrying about the monthly expenses in school. It allows me to perform my best without any worries about monetary expenses.

Name: Praveen Kumar
Course Title: Bachelor’s in Mechanical Engineering
School: Nanyang Technological University
Year of Study: 2

Hiwasshini Mathan Kumar

Upon receiving the SIET bursary in 2019, it has helped to lessen the financial burden for my family. I had to leave my part-time job to concentrate on my studies. Some days I end up without eating at all until I get home. However, with this bursary, I have enough money to eat as well as focus on studies to achieve good grades. Thanks to SIET for providing me with this bursary and help my family and me.

Name: Hiwasshini Mathan Kumar
Course Title: Diploma in Computer Engineering
School: Temasek Polytechnic
Year of Study: 2

Saambavi D/O Ganesan

I am very grateful to have received this bursary. It has helped me a lot as I have been able to use the money for my school expenses and pocket money. I have also been using the money to top up my ezlink card and as my brother is a PR holder in Singapore, it helps us to pay for his monthly school fees. This bursary has helped me a lot financially as I do not have to worry about my school pocket money expenses and can concentrate on my studies better.

Name: Saambavi D/O Ganesan
Course Title: Diploma in Pharmaceutical Science
School: Republic Polytechnic
Year of Study:

Annisa Ibrahim

As a university student, it may not be easy to struggle with part time job while studying full-time. With the financial aid provided by SIET, I can focus on my studies and not having to work at the same time. Also, SIET provided us with various opportunities to improve ourselves through courses and mentors who can assist us in our career planning too. I am thankful to SIET for all the aids rendered.

Name: Annisa Ibrahim
Course Title: Bachelor’s in Biological Sciences
School: Nanyang Technological University
Year of Study: 4

ANNOUNCEMENT

SIET Office will be closed from 6th April 2020 until further notice. For submission or queries on application form, please get in touch with us.

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