What are the modes of repayment under the CPF Education Loan Scheme?
The student can make repayment via GIRO or via e-Cashier (PayNow). It can be in a lump sum or monthly instalments.
We encourage students to register for GIRO repayment as it is the most convenient. The monthly deduction required each month is automatic and students will not miss out on repayments as long as sufficient amount is maintained in their bank account.