What is it?
The MENDAKI Study Loan Part Time Local Degree/Diploma is available for all 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 part-time degree or diploma course at accredited private tertiary institutions locally.
When can I apply?
13 January 2025 – 28 February 2025
1 April 2025 – 31 July 2025
1 September 2025 – 31 October 2025
How much will I get?
The 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, accreditation of institution and other relevant criteria. The decision of the Loans Committee is final.
Who is eligible?
Applicants must meet the following requirements:
Muslim Singaporeans / Singapore Permanent Residents
Have gained an unconditional admission for a part-time degree or diploma at any Edutrust accredited local private institution of higher learning with Edutrust and Edutrust Star certifications only. Applicants may check for their institutions’ Edutrust status here.
Applicants will be referred to MENDAKI Care Advisors for career advisory. Applicants will be required to use up their Skills Future Credit or other related government grants before applying for MENDAKI study loan.
Applicants are required to furnish 2* guarantor acceptable to MENDAKI. The acceptability of 2 guarantor will be at the discretion of the Loans Committee. The guarantor must fulfil the following requirements:
Singaporeans and residing in Singapore
Between the age of 21 and 55 years old
Basic monthly income of at least $2,000 and above, and not an undischarged bankrupt
Only 1 out of the 2 guarantors can be anyone staying in the same household with the applicant
Must not be an existing MENDAKI loan holder or existing guarantor for other MENDAKI loan accounts
The first and second guarantor must not be from the same household
Guarantors must submit a copy of their NRIC and recent income slip. Self-employed guarantors must submit their latest IRAS form or CPF statement
What happens when I get a loan offer?
An email will be sent out to successful applicants once the loan is approved. Once the loan holder decides to accept the grant of the study loan, both loan holder and guarantors are required to electronically sign the loan agreement within one week of the date of agreement. Should the loan holder or guarantor fail to sign the loan agreement within the stipulated deadline, the conditional approval will be duly revoked and a new application for the study loan will have to be made.
As per the loan agreement, the loan holder needs to observe and fulfil the following conditions:
1. Pass all subjects taken during the course of study
2. No changes in the agreed period of study
3. No changes in the course of study
4. No withdrawal or termination from the course of study/school
5. No deferment without any valid reasons
If the loan holder does not fulfil any of the above condition or any of the term in the loan agreement, he will be considered to have breached the contract of the loan agreement. The full amount of the loan would have to be repaid immediately.
Loan disbursements will be made yearly to successful applicants. Applicants are required to submit a photocopy of their exam results and bank statement in MyMENDAKI portal at the end of each academic year as proof of progression to the next year of study.
How do I repay my loan?
Repayment of the loan will commence 1 month after the first loan disbursement at $50 per month. 6 months after the completion of your course, the repayment amount will increase to $100 monthly for diploma level, $250 monthly for normal degree level and $500 monthly for medicine courses. There will be an annual progressive increment of $100. Please click here for more details on loan repayment.
How to apply?
Applications can only be made online. Processing of the applications will take up to 7 weeks from complete submission of your application with the necessary attachments. Incomplete applications, applications not accepted by guarantors and applications that do not meet the eligibility criteria will not be processed. Applicants and guarantors are reminded to check your emails regularly for the progress of your application.
Study Loan Full-Time Local National (2025)
Study Loan Full Time (Local Private) (2025)
