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

Loan Activation

  • Interest-free Deferral of Student Loan Repayment
    The Finance Committee of the Legislative Council approved on 15 February 2022 an extension of the interest-free deferral of loan repayment for student loan repayers for another two years from 1 April 2022. Please click here for details.
  • Loan borrower is required to repay the NLSFT loan, which shall normally commence on 1 December of the year of your graduation or when the course has officially ended. The first instalment of loan repayment will normally fall due on 1 January or 1 July (if opted for deferred activation of loan repayment) of the following year of your graduation. Read More
  • With a view to facilitating better financial management of loan borrowers, loan borrowers who have obtained NLSFT loans and without any loan accounts repaying with quarterly repayment arrangement under other financial assistance / loan schemes administered by the SFO are required to repay their NLSFT loans by monthly instalments. The NLSFT loan borrowed and the interest accrued thereon are repayable in 15 years (Repayment Period) by 180 equal monthly instalments, or in a shorter Repayment Period by equal monthly instalments as agreed by the SFO. Read More
  • If you:
    • cease to be a registered full-time student of a recognised course; or
    • withdraw or are suspended from or cease or defer your studies in a recognised course; or
    • transfer from the institution where you borrowed the NLSFT loans to another; or
    • have not completed the course for any reason,
    you are required to notify the SFO in writing immediately and repay the NLSFT loan in a lump sum or by equal instalments; and if by instalments over a revised Repayment Period, also the interest accrued at the prevailing NLSFT interest rate per annum. The length of the Repayment Period, its commencement date, and any repayment arrangements shall be decided by the SFO.
  • The Repayment Period shall commence after the course has officially ended while the interest shall accrue on the loan as soon as the loan has been advanced until it is repaid in full. You may choose to make early repayment of the NLSFT loan(s).
  • Instalments will normally fall due on 1st of each calendar month for monthly repayment; while on 1 January, 1 April, 1 July and 1 October each year for quarterly repayment. Demand notes and / or notifications will be issued 14 days before each due date as far as practicable. Read More
  • If you wish to make early lump sum / partial repayment of the NLSFT loan or restructure repayment period within the repayment period, a request should be put up in writing by post, fax, email or via the “SFO E-link”. Verbal request will not be accepted. (“SFO E-link” is applicable for applying for lump sum / partial repayment only) Read More
  • Non-receipt of repayment demand notes or electronic notifications does not exempt a loan borrower from the obligation to repay the instalment due on or before the due date. If repayment has not been made on or before the date the instalment becomes due, you will be required to repay the Government the overdue amount together with overdue interest.

  • Any overpayment of financial assistance made to you shall be refunded immediately upon demand.
STEP 4Result & Payment

Payment Arrangement

STEP 5 Loan Repayment

Financial Calculator