APPLICATION FORM FOR TUITION FEE LOAN FROM NATIONAL

This form may take you 10 minutes to fill in.
You will need the following information to fill in the form:
•
Borrower’s personal particulars.
•
Guarantor’s personal particulars and other loan’s details whereby he/she is also a
guarantor.
Both borrower and guarantor need to sign the agreement in front of the bank officer.
NGEE ANN POLYTECHNIC-FOREIGN SPECIALISED INSTITUTION DEGREE PROGRAMME
TUITION FEE LOAN ACCEPTANCE CUM AGREEMENT FORM
INSTRUCTIONS
1.
All full-time subsidised students, i.e. Singapore Citizen (SC), Singapore Permanent Resident (SPR) and
Foreign Students (FS) who are enrolled in the Ngee Ann Polytechnic-Foreign Specialised Institution
(FSI) degree programme can apply for Tuition Fee Loan up to 90% of the MOE subsidised tuition fee
payable by SC students for the academic year.
2.
The form should be typewritten or legibly written in BLOCK LETTERS.
3.
The guarantor must:
- be at least 21 years of age and shall not exceed 60 years of age;
- be a SC for SC students; SC/SPR for SPR students; or SC/SPR/foreigner for FS; and
- not be an undischarged bankrupt.
4.
First-time applicants and their guarantors are to call personally at any DBS Bank branch with the
completed Acceptance cum Agreement Form, their identity cards/passports and Letter of Offer (which
must be signed in the presence of a bank officer).
5.
Any existing borrower applying for top-up or extension of loan should complete and submit the
Application Form to the branch where the loan was originally granted for processing.
6.
The closing date for Tuition Fee Loan applications for each year is as follows:
Degree
Application Closing Date
Program
BSECH
25 April preceding the new academic year.
BEHNA
18 July preceding the new academic year.
BFACP
4 September preceding the new academic year.
Example: Academic year 2008 for BSECH commenced on 23 June 08. The closing date for Tuition Fee Loan
application would be on 25 April 08.
7.
Ngee Ann Polytechnic reserves the right to reject late applications.
8.
The following students are not eligible for Tuition Fee Loans:
a)
SAF Scholarship / Local Training Award Holders
b)
Full-fee paying students
c)
Students who have received a degree or higher qualification subsidised by the Government of
Singapore.
Jan 2009
ACCEPTANCE FORM FOR NP-FSI DEGREE PROGRAMME TUITION FEE LOAN. Ref: NP10
(Please bring this form and the enclosed Letter of Offer and go personally with your guarantor to the bank at
which you wish to apply for the loan)
Instructions: 1. The acceptance form should be typewritten or legibly written in Block Letters.
2. The guarantor must be at least 21 years of age and not over 60 years. The Guarantor must be a SC
for SC students; SC/SPR for SPR students; or SC/SPR/foreigner for FS. The guarantor must not be an
undischarged bankrupt.
3. The borrower may apply for the loan at any one of the DBS Bank Branches by the application
closing date stated on the first page of this form.
4. THE BORROWER AND GUARANTOR MUST SIGN THE ENCLOSED LETTER OF OFFER IN
THE PRESENCE OF A BANK OFFICER.
PARTICULARS OF BORROWER
NRIC Name: Mr/Mdm/Miss
Marital Status
Date of Birth
(Please underline surname)
NRIC/S’pore PR No.
Country of Issue
Citizenship
Permanent Home Address
Tel No
Postal Address in Singapore
Tel No
NS Status
Completed
EDUCATION DETAILS
Name of Course
Year of Study
Not Completed
Student No.
Exempted
Duration of Course
FINANCING REQUIRED
Effective start date of the loan : Academic Year : _____________, Semester : _________
Do you have any existing Tuition Fee Loan with DBS Bank?
Yes
No
Do you require the maximum loan allowable for the whole course of study?
If No, please state:-
Yes
No
a) Amount of financing required per year (2 semesters per year)
%of tuition fee
b) No. of years required: _______________________
(Up to maximum 90% of tuition fee)
PARTICULARS OF GUARANTOR (SC for SC students; SC/SPR for SPR students; or SC/SPR/foreigner for FS)
NRIC/Passport Name: Mr/Mdm/Miss
Date of Birth
(Please underline surname)
NRIC/S’pore PR No.
Marital Status
Citizenship
Relationship to Borrower
Occupation
Permanent Home Address
Home Tel No
Name & Address of Employer
Office Tel No
Are you a guarantor to any other loan? If yes, please furnish the following details:
Name of Borrower
Name of lender
Type of Facility
Amount Guaranteed
DECLARATION BY BORROWER
In consideration of DBS Bank agreeing to grant me the Tuition Fee Loan on behalf of Ngee Ann Polytechnic at
my request, I hereby
i) declare that the information given in this application form is true and correct and that I have not wilfully
withheld any material fact.
ii) authorise Ngee Ann Polytechnic and DBS Bank, as the case may be to disclose information between
themselves and my guarantor (s) relating to my personal particulars and to my account with the aforesaid
Bank in connection with the Tuition Fee Loans Scheme.
iii)expressly and irrevocably permit and authorise the Bank and the Bank's officers to disclose, reveal and
divulge any and all information and particulars relating to and in connection with me, any and all of my
accounts with the Bank (whether held alone or jointly), any transactions or dealings between me and/or NP
and the Bank, my credit standing and financial position, this application and/or any facilities granted to me
by the Bank and/or NP to any person at any time and from time to time, including, but not limited to NP, any
of my guarantor and/or surety, any person who is jointly or jointly and severally liable or indebted to the
Bank with me, any of the Bank's subsidiaries, branches, agents, correspondents, agencies or representative
offices, any governmental agencies and authorities in Singapore and elsewhere, any person to whom such
disclosure is permitted or required by any statutory provision or by law, any credit bureau of which the Bank
is a member, any other member(s) and/or compliance commitee of such credit bureau and/or any of the
Bank's potential assignees or transferees and any person for the purpose of enforcing or protecting the rights
or interests of NP or the Bank in relation to the Loan.
iv) declare that I have not received a degree or higher qualification subsidized by the government of Singapore.
I understand that the Bank reserves the right to reject my acceptance without assigning any reasons.
Signature of Borrower:
Date:
DECLARATION BY GUARANTOR
I hereby declare that I am not a bankrupt and that the information given in this application is true and correct
and that I have not willfully withheld any material fact.
I expressly and irrevocably permit and authorise the Bank and the Bank's officers to disclose, reveal and
divulge any and all information and particulars relating to and in connection with me, any and all of my
accounts with the Bank (whether held alone or jointly), any transactions or dealings between me and/or NP and
the Bank, my credit standing and financial position, this application and/or any facilities granted to me by the
Bank and/or NP to any person at any time and from time to time, including, but not limited to NP, the
Borrower, any of my guarantor and/or surety, any person who is jointly or jointly and severally liable or
indebted to the Bank with me and/or the Borrower, any of the Bank's subsidiaries, branches, agents,
correspondents, agencies or representative offices, any governmental agencies and authorities in Singapore and
elsewhere, any person to whom such disclosure is permitted or required by any statutory provision or by law,
any credit bureau of which the Bank is a member, any other member(s) and/or compliance commitee of such
credit bureau and/or any of the Bank's potential assignees or transferees and any person for the purpose of
enforcing or protecting the rights or interests of NP or the Bank in relation to the Loan.
Signature of Guarantor:
Comments
Date:
Recommended by:
Approved by:
Date:
Date:
LETTER OF OFFER (For First Time Applicants Only)
PRIVATE & CONFIDENTIAL
Date:
File Ref:
Name:
Address:
Dear Sir / Madam
TUITION FEE LOAN
1.
We take pleasure in offering you, on behalf of the Ngee Ann Polytechnic (NP), a tuition fee loan (the
Loan) of up to the maximum allowed under the prevailing Tuition Fee Loans Scheme for your whole
course of study (including repeat years, if any) in NP or such other amount as may be determined by NP.
The Loan is subject to the following terms and conditions :
a)
The Loan
: The Loan will be granted to you for your course of study in accordance
with the Tuition Fee Loans Scheme.
b)
Interest Rate
: The average prime rates of the following banks DBS, OCBC and UOB,
prevailing on the first day of each quarter or such other rate as may be
determined from time to time.
c)
Standard Conditions
: The Terms & Conditions overleaf relating to the Tuition Fee Loans
Scheme for NP which form an indivisible part of this offer shall apply.
d)
Guarantee
:
The Principal amount of the Loan and interest shall be fully guaranteed by
______________________________________________________________
e)
Others
:
The Principal loan amount owing shall be evidenced by the vouchers
issued by NP.
2.
We trust that the above terms and conditions are acceptable to you and your Guarantor. Kindly confirm
your acceptance by bringing both the application form and this letter and calling at any one of our DBS
Bank branches of your choice with your guarantor to sign this letter of offer. Please also bring your
identity card/passport and that of the guarantor’s for our verification.
3.
We look forward to being of service to you.
Yours faithfully
________________________________________
Name & Designation:
Name of Bank:
For and on behalf of Ngee Ann Polytechnic
I hereby confirm my acceptance of the offer of the Loan upon the aforesaid terms and conditions.
________________________________________
Name & NRIC/Passport No:
Date of Acceptance:
(to be signed in front of a bank officer)
In consideration of NP agreeing at my request to grant the Loan to the abovemamed Borrower on the terms and
conditions set out above, I hereby irrevocably and unconditionally guarantee as principal debtor and not as
Surety only, the payment on demand of all sums of money which may from time to time be due and owing by
the Borrower in respect of the Loan or any increase or variation in the amount thereof (including without
limitation, interest and default interest) and my guarantee shall be a continuing security to NP notwithstanding
any indulgence given by NP to the Borrower or the death, insanity, bankruptcy or other disability or personal
incapacity of the Borrower or of myself, and my liability shall not be abrogated or affected by reason of the
fact that the transaction affecting the sums of money hereby secured is void, voidable or unenforceable for any
reason whatsoever. For the avoidance of doubt, I confirm that legal action in respect of the Loan need not first
be commenced against the Borrower prior to commencing legal action against me in respect of my guarantee.
Date this __________________ day of ___________________ 20 ___________
Signed by the Guarantor
_________________________________________ (to be signed in front of a bank officer)
Name & NRIC/Passport No:
Jan 2009
STANDARD TERMS AND CONDITIONS RELATING TO TUITION FEE LOANS
1
DEATH, INSANITY, BANKRUPTCY OR ANY DISABILITY OF GUARANTOR
In the event of death, insanity, bankruptcy or any disability of the guarantor during the period before full repayment
of the Loan and Interest thereon the borrower shall inform DBS Bank immediately of the happening of such event and
shall furnish another guarantor in place thereof.
2
DISBURSEMENT
The Loan will be credited directly into the borrower’s account with Ngee Ann Polytechnic (NP), as the case may be
on such date (s) and in such amount and manner as to be specified by the borrower.
3
INTEREST COMPUTATION
Interest will be chargeable on the Loan only upon graduation of the borrower. Please refer to the table below for the
interest commencement date. Interest is computed on the amount of Loan outstanding, on a monthly rest basis and
based on a 365-day year. In the event that the borrower leaves the programme without completing his/her course of
study, interest will commence from the first day of the month immediately following the receipt of notification of
such happening by DBS Bank from NP.
Degree Program Interest commencement date for borrowers Interest commencement date for borrowers who
who graduate in the 1st half of the year
graduate in the 2nd half of the year
BSECH
1 Aug in the year of graduation
1 Feb in the year following the year of
graduation
BEHNA
1 May in the year of graduation
1 Nov in the year of graduation
BFACP
1 Feb in the year of graduation
1 Oct in the year of graduation
4
VARIATION OF LOAN QUANTUM
In the event that the borrower does not require any loan for any particular year or wishes to vary the loan quantum,
he/she must notify DBS Bank and NP in writing not later than the date indicated in the table below. The borrower
may only vary the loan quantum on a yearly basis and may not vary it on a semester basis.
Degree Program Notification must not be later than
BSECH
30 April preceding the new academic year in question
BEHNA
31 July preceding the new academic year in question
BFACP
30 June preceding the new academic year in question
5
REPAYMENT
Repayment may be made in one lump sum or by equal monthly instalments comprising both principal and interest,
commencing 2 years upon graduation, or upon securing employment, whichever is earlier. Thereafter payment of the
monthly instalments shall be made on the 1st of each month. The minimum amount repayable is S$100 per month
with repayment period extended up to a maximum of 20 years. Any amount which remains outstanding thereafter
shall become immediately due and payable.
In the event that the borrower leaves without completing his course of study, the Loan outstanding shall become
immediately due and payable, provided that DBS Bank may at its option allow such repayment by monthly
instalments on such terms and conditions as it deems fit.
6
REDEMPTION
The borrowers may, by giving 7 days written notice to DBS Bank, make full or partial repayments of not less than
S$500 per month. The approval of such repayments shall be at the sole discretion of DBS Bank.
7
FEES PAYABLE
The Borrower shall pay: (i) All costs, fees, expenses and other charges legal or otherwise including stamp duty incurred in the preparation and
execution of this Agreement and any other documents required by DBS Bank under the provisions hereof.
(ii) All legal fees as between solicitor and client and other costs and disbursements in connection with demanding and
enforcing payment of monies due hereunder and/or under any of the covenants, undertakings, stipulations, terms
and conditions contained in this Agreement and DBS Bank reserves the right to debit the borrowers account with
the same without notice.
8
DEFAULT OF LOAN
The Loan and interest thereon or any part thereof for the time being outstanding and unpaid and all other charges and
monies payable hereunder shall on demand become due and payable by the borrower in any of the following events of
default : (i) If the borrower defaults in the payment of any of the instalments of the Loan and interest thereon or any part
thereof on the due date or dates or in the payment of any other monies hereby covenanted to be paid;
(ii) If the borrower commits or threatens to commit a breach of any of the covenants, undertakings, stipulations, terms
and conditions herein contained in this Agreement;
(iii) If the Borrower enters into any arrangement or composition for the benefit of creditors or shall have a receiving
or adjudication order made against him/her;
(iv) If a situation has arisen or there has been a material change in the circumstances of the borrower which in the
opinion of DBS Bank will affect the borrower's ability to repay the Loan and interest thereon or will make it
improbable for the borrower to observe and perform his obligations under this Agreement;
(v) If the borrower fails to furnish another guarantor as required in Clause 1 of these terms within one month of the
death, insanity, bankruptcy or disability of the guarantor or such longer period as DBS Bank may allow.
9
ADDITIONAL INTEREST
In the event of default by the borrower to pay the Loan or any part thereof on the due date or dates, then, and without
prejudice to the other remedies of the Bank and hereunder the borrowers shall pay additional interest at the rate of 1%
per month for the late payment of each instalment. Upon recall the borrower shall pay to DBS Bank additional
interest at the rate of 1% per month on the outstanding loan, interest (inclusive of additional interest aforesaid) and
other monies due and owing to DBS Bank until the date of full settlement.
10 RIGHT OF SET-OFF
In addition to any remedies, lien, right of set-off or other rights which DBS Bank may have by law and hereunder,
DBS Bank shall be entitled at any time and without notice to the borrower/guarantor to combine or consolidate all or
any of the borrower's/guarantor’s accounts with DBS Bank anywhere or set-off or transfer any sum or sums standing
in one or more of such accounts in or towards satisfaction of all or any of the monies and liabilities due and owing by
the borrower/guarantor under this Agreement.
11 INDULGENCE GRANTED
No neglect, delay or forbearance of DBS Bank to require and enforce payment of any monies under this Agreement or
the performance and observance of any covenants in this Agreement nor the granting of any time by DBS Bank to the
borrower, shall in any way prejudice or affect any of the rights, powers or remedies of DBS Bank and no such waiver
of any such breach as aforesaid shall prejudice the rights of DBS Bank in respect of any other or subsequent breach of
any of the covenants, undertakings, stipulations, terms and conditions aforesaid.
12 STATEMENT OF INDEBTEDNESS
A statement or certificate signed by the Manager, Accountant or any other authorised officer of DBS Bank as to the
monies and liabilities for the time being due to or incurred by DBS Bank shall, subject only to computation and/or
clerical mistakes, be final and conclusive and be binding on the borrower.
13 NOTICE OF DEMAND
Any demand for payment of monies or any other demand or notice under this Agreement may be made by any
authorized officer of NP and/or DBS Bank by letter addressed to the borrower and sent by post or delivered to the last
known address of the borrower and a notice or demand so given or made shall be deemed to be given or made or
received on the day it was left or the day following that on which it was posted as the case may be.
14 GOODS AND SERVICES TAX
In the event that any GST or any other taxes, levies or charges whatsoever are now or hereafter required by law to be
paid on or in respect of any sums payable to DBS Bank or any other matters under or relating to the Loan or any
security relating to the Loan, the same shall be borne by the Borrower and the Borrower shall pay to DBS Bank the
amount of any such GST or other taxes, levies or charges (or such part thereof which the law does not prohibit DBS
Bank from collecting from the Borrower) at or before the time the same becomes due under law, in addition to all
other sums payable to the DBS Bank in relation to the Loan and the Borrower shall indemnify DBS Bank against such
payment thereof.
15 GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of Singapore and the parties hereto
agree to submit to the non-exclusive jurisdiction of the Courts of Singapore.
16 THIRD PARTY CLAUSE
It is hereby expressly declared that none of the terms and/or conditions relating to the Loan shall be enforceable by
any third party. In this Clause, the expression "third party" shall mean any person (s) other than:(a) the Borrower;
(b) DBS Bank and its successors and assigns; and
(c) NP and its successors and assigns.
Notwithstanding any terms and/or conditions relating to the Loan, the consent of any third party is not required for
any variation of these terms and conditions (including any release or compromise of any liability) or termination of
the Loan.
17 SEVERABILITY
If at any time any one or more of the provisions hereof is or becomes illegal, invalid or unenforceable in any respect
under the applicable laws of any jurisdiction, neither the legality, validity or enforceability of the remaining
provisions hereof, nor the legality, validity or enforceability of such provision under the applicable laws of any other
jurisdiction, shall in any way be affected or impaired thereby.
18 GENERAL
(a) The Borrower shall inform NP and DBS Bank immediately of any change in the Borrower's or the Guarantor's
address;
(b) Capitalised terms used herein, unless otherwise defined, shall bear the same meaning as defined in the Loan
Agreement;
(c) These terms and conditions shall be binding on the Borrower and the Guarantor jointly and severally;
(d) Words importing the singular number include the plural number and vice versa;
Words importing the masculine gender include the feminine or neuter gender;
(e) The expression “the Borrower” and “the Guarantor” include the personal representatives and administrators of the
Borrower and the Guarantor and the expression “DBS Bank” includes its successors and assigns.
(f) NP and DBS Bank reserve the right to add to or to vary any of these Terms and Conditions at any time at its
discretion, and such additions and/or variations shall be deemed to be binding on the Borrower and the Guarantor
without further notice.
(g) All references to DBS Bank herein are in relation to DBS Bank acting as agent for NP under the Loan Scheme
hereunder.
NGEE ANN POLYTECHNIC
DBS BANK LTD
Company Registration No. 196800306E
Jan 2009