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You selected: What is the impact of deferring a repayment under the CPF Education Loan Scheme?
Please note that the maximum 12-year repayment period will be reduced by the period of deferment granted. For example, if you have 12 years for repayment and has successfully applied to defer the repayment for two years, the remaining maximum repayment period is 10 years after the deferment has ended.
The monthly repayment amount may also be increased when the deferment period has ended so as to enable you to fully repay the outstanding loan within the remaining repayment period.
As interest on the outstanding loan amount will continue to accrue during the deferment period, you are encouraged to start repayment as soon as you have the ability to do so. You can approach us to end the deferment earlier and to start repayment any time.