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When will the change in my monthly instalment rate be effective under the CPF Education Loan Scheme?

The effective date for the new monthly instalment rate is dependent on the payment mode. Please select either one of the following:

You selected: Repayment by GIRO

For repayment by GIRO, you will need to change the instalment rate before 15th of the month for the change to be effective in the current month. It will generally take one working day to process the request. For example, if 15th of the month falls on a Sunday, please submit the request by 12th of the month (Thursday) if you wish for the new rate to be effective for the current month.

You selected: Repayment using other payment modes

For repayment using other payment modes, please change the instalment rate before end of the month. Generally, it will take one working day to process the request.