Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)
Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)

Interest and Administrative Fee

Interest
  • The NLSFT operates on a full-cost recovery basis. Loan borrowers have to pay interest for their loans. Interest rate is set at the Government of the Hong Kong Special Administrative Region (the Government)'s no-gain-no-loss rate which is currently set at 3.813% below the average best lending rate (BLR) of the note-issuing banks, plus a risk-adjusted factor which seeks to cover the Government's risk in disbursing unsecured loan.
  • Interest is accrued upon loan drawdown and throughout the study period until the loan is repaid in full. Read More
  • Please refer to the NLSFT Administrative Fee and Interest Rate for the prevailing NLSFT interest rate.
Administrative Fee
  • An administrative fee, to cover the full costs of processing the application and administering the NLSFT loan, is chargeable for each application and loan account on an academic year basis. Administrative fee paid is neither refundable nor transferable and is subject to review regularly.
  • The administrative fee payable under the NLSFT in the 2022/23 academic year is HK $260 per application of which HK $180 is the administrative fee charged by the SFO and HK $80 is the handling charge levied by your institution. You are required to pay the administrative fee upon submission of application.
  • You should provide the transaction details of administrative fee paid and upload the supporting document for the administrative fee paid, such as the transaction advice or account deposit form, during completion of your online application. Please pay the administrative fee for your application IN CASH to the bank account of the SFO (044-171080-001) at any branch of the Hongkong and Shanghai Banking Corporation (the Bank) and keep the original transaction advice/account deposit form. You may also transfer the administrative fee to the SFO’s bank account no. 044-171080-001 through the automatic teller machine (ATM) of the Bank. During the ATM transaction, please choose “Transfer” service and press “Yes” for “Do you need to take a transaction advice?”. Payment by cheque, online transfer, FPS or PPS is NOT acceptable. Please keep the original copy properly and please consider making an extra photocopy for your own record. The SFO may request you to produce the original copy of administrative fee payment proof. In case of any dispute, the decision of the SFO will be final.
  • Administrative fee is chargeable upon submission of application and annually thereafter until the NLSFT loan and interest accrued thereon are fully repaid. The annual administrative fee is chargeable on a loan account basis.
  • Please take note of the charging arrangement for administrative fee. Early lump sum repayment of the NLSFT loan on or before 30 November can save administrative fee for the ensuing academic year. Read More
STEP 2 General Information

Learn before you apply -
Financial Calculator

STEP 3 Application

Application Procedures