CPF Education Loan Calculator Singapore 2026
Estimate how much you need to repay when using CPF OA savings for university tuition in Singapore. Compare CPF education loan costs (2.5% p.a.) against bank tuition fee loans (~5% p.a.).
S$
years
S$
years
Total Tuition$32,000.00
Interest Accrued During Study + Grace$2,901.89
Total Owed at Graduation$34,901.89
Monthly Repayment (CPF)$619.42
Total Repayment (incl. all interest)$37,164.99
CPF OA Balance Remaining$18,000.00
Your CPF OA balance is sufficient to cover tuition.
CPF (2.5%) vs Bank Tuition Fee Loan (~5%) Comparison
| Item | CPF Education (2.5%) | Bank TFL (~5%) |
|---|---|---|
| Total Tuition | $32,000.00 | $32,000.00 |
| Interest Accrued (Study + Grace) | $2,901.89 | $6,015.30 |
| Total Owed at Graduation | $34,901.89 | $38,015.30 |
| Interest Savings with CPF | $3,113.41 | |
How CPF Education Scheme Works
- CPF OA funds can pay up to 100% of subsidised tuition fees at approved local institutions.
- Interest of 2.5% p.a. accrues from the date of each withdrawal, compounded yearly.
- Repayment begins 1 year after graduation and can be spread over up to 12 yearly instalments.
- Both the withdrawn amount and accrued interest must be refunded to the CPF OA.
Important note: Using CPF for education reduces your housing CPF funds. This may affect your ability to finance an HDB flat or pay mortgage instalments using CPF OA in the future. Plan carefully before withdrawing.
Frequently Asked Questions
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Disclaimer: CPF interest rates and education scheme rules are set by the CPF Board and may change. This calculator provides estimates for planning purposes only. Always verify current rates and eligibility at cpf.gov.sg.