What’s New
Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)

Interest and Administrative Fee

  • The NLSPS 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 at the prevailing NLS interest rate upon loan drawdown and throughout the study period until the loan is repaid in full. Read More
  • Please refer to the NLSPS Administrative Fee and Interest Rate for the prevailing NLSPS interest rate.

Administrative Fee

  • An administrative fee, to cover the full costs of processing the application and administering the NLSPS loan, is chargeable for each application and each loan account upon submission of application and annually thereafter until the NLSPS loan and the interest accrued thereon are fully repaid. Administrative fee will be charged on each loan account on an academic year basis. Please note that administrative fee paid is neither refundable nor transferable and is subject to review regularly. Administrative fee is a fixed fee and will not be charged on a pro-rata basis nor paid by instalments. The administrative fee payable in the 2022/23 academic year for applicants of the NLSPS is HK$180. Read More
  • Loan accounts will be created on a course basis. If you obtain loans under the NLSPS as well as other financial assistance / loan schemes administered by the SFO in respect of the same course, separate loan accounts will be created under the respective loan schemes. Read More
  • Please take note of the charging arrangement for administrative fee. Early lump sum repayment of the NLSPS loan on or before 30 November can save the administrative fee for the ensuing academic year.
  • You should provide the transaction details of the administrative fee paid and upload the corresponding transaction advice or account deposit form, during your online application. Please pay the administrative fee IN CASH 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. 044-171635-001 through the 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.
STEP 2 General Information

Learn before you apply - Financial Calculator

STEP 3 Application

Application Procedures