Extended Support Scheme For Education Loan Customers
Continuous support for Education Loan customers through COVID-19
Apply to extend loan tenure on your education loan if you have not missed more than 3 months of instalment payments.
How the extension works
Frequently asked questions
When can I start applying for the loan tenure extension? |
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Am I eligible for the Extended Support Scheme (ESS)? |
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OCBC offers a loan tenure extension of up to a cumulative period of 3 years. Does it mean that my loan will definitely be extended by 3 years? Can I opt for a shorter tenure extension? |
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Instead of a loan tenure extension for my education loan, can I defer repayment on my education loan instead? |
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If I am interested, when do I need to submit my application? |
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I have not taken up payment deferments under SFRP, but I would like to apply loan tenure extension under ESS. Can I apply? Will my credit score be affected? |
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What happen if I have arrears (e.g. overdue instalments)? |
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Interest Calculation
Opting to extend loan tenure can help ease your return to making monthly repayments, however it comes with higher overall interest costs.
HOW TO APPLY