Scheduled maintenance: CPF digital services will not be available on 28 Apr 2024, from 12am to 6am.

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What are education loan arrears? Are there any penalties for non-payment of monthly instalments?

Education loan arrears refer to the amount of monthly loan repayments that have not been paid on time. Arrears will form part of the total outstanding loan, which includes the principal amount and accrued interest, that is repayable to the lender’s Ordinary Account. There are no penalties charged for any missed payments.