0% interest instalment* plans available for DBS, Citibank, Maybank and Standard Chartered credit card holders.
*Terms and conditions apply
Study Loan
MDIS Education Loan with Telecoms Credit Co-operative Ltd
What is the interest rate? • 3% flat per annum
How much can I apply? • You can apply up to 100% of the course fees (subject to approval on case-to-case basis)
What are the requirements for applying loans? (applicable for Singaporeans and Permanent Residents)
• You must be gainfully employed with a basic salary of S$ 1,200 (part-timers not eligible) • Age between 21-55 years old • Must not have any loans with other co-operatives • Must enroll as a member of TCC
You must provide:
• 1 guarantor if the loan amount required is below 4 times of the basic pay of the applicant
• 2 guarantors if the loan amount required is above 4 times of the basic pay of the applicant
Parents/siblings/friends can apply on behalf of the student based on the following conditions (applicable for unemployed students/students working on part-time basis/students serving National Service):
• They must be Singapore Citizen and age between 21-55 years old
• They must be gainfully employed with an income of S$ 1,200 and above
• To provide 1 guarantor including the student himself if the loan amount is below 4 times of his/her own basic pay
• To provide 2 guarantors including the student himself if the loan amount is above 4 times of his/her own basic pay
What are the documents required? • Letter of Acceptance from MDIS
• Latest pay slip and identity cards of both the applicant and gurantor(s)
• Bank Book (for Giro deduction)
• Power supply bill to confirm the address
What are the requirements of being a guarantor? • Earning a basic salary of S$ 1,500
• Singapore citizen and must be between 21-50 years of age
• Must not have a loan from other co-operatives
• Preferably to enroll as a member of TCC
How do I service the loan? • To opt for ‘service interest’ only (for the duration of the course)
Calculation: S$ 20,000 x 3%/12= S$ 50 per month
• To service principal and interest
How is payment made? • GIRO
• Cheque or cash
What is the repayment period to repay the loan? • An additional 1 year will be added to the duration of the course to complete the whole loan
How will the loan be disbursed? • The loan will only be released on semester basis
Are there any administrative charges? • S$ 100 will be charged for the first application/semester
• Subsequent applications will be charged at S$ 50
Will I be charged if I missed any payment? • A penalty charge of 10% on the monthly repayment will be imposed for late payments
For more information, please contact: Telecoms Credit Co-operative Ltd 95 Killiney Road Singapore 239537
Tel: 6319 3700 Fax: 6737 0735
ITE (Institute of Technical Education) Staff & Alumni Members
HOME TEAM NS Members
SAFRA (Singapore Armed Forces Reservist Association) Staff & Members
TCC (Telecoms Credit Cooperative) Members & their immediate family
members
CSC (Ceylon Sports Club) Members & their immediate family members
SICCI (Singapore Indian Chamber of Commerce & Industry) Members &
their immediate family members
NTUC (National Trade Union Congress) Members and Staff
TRC (Tamils Representative Council) Members & their immediate family
members
SAS (Security Association of Singapore) Members & their immediate
family members
PA (People's Association) Staff & Grassroot Leaders
Aircrew Alliance Members & SIA cabin/technical crew
SKILLS DEVELOPMENT FUND (SDF)
The Skills Development Fund (SDF) was established in October 1979 with the primary objective of encouraging employers to invest in skills upgrading of the workforce. The SDF does this by offering assistance as an incentive to companies to mount training programmes for employees.
MDIS PRE-APPROVED PROGRAMMES
Course
SDF Code
Total Course Fee
Total Course Fee (Inclusive
of 7% GST)
SDF Assistance Per Trainee
Amount Payable by Company to MDIS (excluding Application &
Membership Fee)
Evening (Part Time) Programme
Certificate in Higher Education in Biomedical Sciences
00209
$10,000
$10,700
$2,604
$8,096
Certificate of Higher Education in Pharmaceutical
Management
00120
$9,000
$9,630
$2,919
$6,711
Diploma in Accounting
00122
$3,600
$3,852
$1,512
$2,340
Diploma in Business Computing
00039
$4,500
$4,815
$1,680
$3,135
Diploma in Business Management
00033
$3,500
$3,745
$1,680
$2,065
Diploma in Information Technology
00050
$4,500
$4,815
$1,680
$3,135
Diploma in International Business
00095
$3,500
$3,745
$1,680
$2,065
Diploma in Marketing
00115
$3,600
$3,852
$1,512
$2,340
Diploma in Marketing Management
00038
$4,600
$4,922
$2,940
$1,982
Diploma in Mass Communications
00034
$3,500
$3,745
$1,680
$2,065
Diploma in Psychology
00469
$3,800
$4,066
$1,680
$2,386
Diploma in Travel, Tourism & Hospitality Management
00294
$4,700
$5,029
$1,680
$3,349
Foundation Certificate in Biomedical Sciences
00183
$5,200
$5,564
$2,625
$2,939
Professional Certificate in Business Management
00037
$1,500
$1,605
$840
$765
Professional Certificate in Information Technology
00077
$2,000
$2,140
$840
$1,300
Professional Certificate in Marketing & Communications Management
00035
$1,600
$1,712
$1,050
$662
Professional Certificate in Psychology
000468
$1,700
$1,819
$1,050
$769
Professional Diploma in Business
00042
$7,200
$7,704
$2,016
$5,688
Day (Full Time) Programme
Diploma in Business Management
00080
$3,800
$4,066
$2,352
$1,714
Diploma in Business Management
(Incorporating PC)
00081
$5,200
$5,564
$3,192
$2,372
Diploma in Information Technology
00181
$4,500
$4,815
$2,016
$2,799
Diploma in Information Technology (Incorporating PC)
00182
$6,000
$6,420
$3,024
$3,396
Diploma in International Business
00121
$3,800
$4,066
$2,016
$2,050
Diploma in Marketing
00205
$3,800
$4,066
$1,512
$2,554
Diploma in Mass Communications
00079
$3,800
$4,066
$2,016
$2,050
Diploma in Mass Communications
(Incorporating PC)
00078
$5,200
$5,564
$3,066
$2,498
Diploma in Psychology
00469
$4,100
$4,387
$2,016
$2,371
Diploma in Psychology (incorporating Professional Certificate in Psychology)
00471
$5,300
$5,671
$3,066
$2,605
Diploma in Travel, Tourism & Hospitality Management
00306
$4,800
$5,136
$2,016
$3,120
Diploma in Travel, Tourism & Hospitality Management (incorporating
PCBM)
00304
$5,800
$6,206
$2,856
$3,350
Information is correct as of
13Dec 2007
* Fee excludes Application Processing Fee and Membership Fee.
The Skills Redevelopment Programme (SRP) is a funding programme that provides benefits for your employer to send you for training or retraining. It offers attractive subsidies for your course fees and your company's payroll, when your company sends you for skills upgrading.
SRP was jointly set up by NTUC and EDB in 1996 to encourage companies to send employees like you to take up training or retraining and upgrading opportunities.
Originally targeted at only company-sponsored workers, the programme has now been extended to unemployed or retrenched workers under the Surrogate Employers Scheme. This scheme will allow an unemployed or retrenched worker to seek support from various surrogate employers.
