Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)
Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)

Payment Arrangements

  • If you return the “Undertaking”, “Deed of Indemnity”, the documentary proofs mentioned in the “Notice of Offer”, the “Student, Indemnifier and Witness Details Input Forms”, and the required photocopies of HKID cards in one complete set by the specified deadline as detailed in the NLSPS or FASP Notification of Result, the SFO will credit the first instalment of loan payment to your designated bank account within a period of 3 weeks from the deadline for return of the documents. If you miss the deadline, the loan payment will be deposited into your designated bank account around 3 weeks after the SFO receives all your duly completed documents. The second instalment (covering the remaining balance) of the NLSPS loan will normally be paid in January or February 2023. If you have enrolled in a programme which is charged on credit-based mode, the second instalment of your NLSPS loan will only be paid after your institution has confirmed with the SFO the total credits taken by you for this academic year.
  • Should the result of your NLSPS application be notified to you only after January 2023, the NLSPS loan will be credited to your designated bank account in one single instalment within a period of 3 weeks from the deadline as detailed in the NLSPS or FASP Notification of Result if you return the required documents. Read More
  • Neither your application nor the approval for an NLSPS loan carries any implication that the payment due date of your tuition fee has been or will be deferred automatically by your institution. If the payment of the NLSPS loan to you for any instalment cannot be made on or before the tuition fee instalment due date, it is your own responsibility to liaise with your institution in respect of your tuition fee payment. The SFO will not bear the responsibility for any loss caused to you due to your late settlement of tuition fee.
  • In any case, the SFO reserves the right not to accept your loan documents if such loan documents are submitted after 30 June 2023 since the respective academic year has been normally over, unless your notification of result is issued within the immediate past 2 months.
  • After the disbursement of the NLSPS loan to your bank account has been arranged, the SFO will issue a Remittance Advice to you stipulating the amount of the NLSPS loan to be disbursed and the loan disbursement date for your reference. The disbursement date stipulated in the Remittance Advice is the NLSPS loan draw down date of the specified NLSPS loan.
STEP 4 Result & Payment Arrangements

Notification of Result

STEP 5 Loan Repayment

Loan Activation