Interest free student loan? Wow! Sounded too good to be true. I thought it was some kind of scam when I read this: How I used my university student loan to partially pay off my university fees. [You can read above to find out how InvestProperlyLah capitalised on the loan to make some gains at the same time! Interesting move.] It is certainly no scam. I did a check at the DBS website and found more information: DBS Tuition Fee Loan. So indeed, you could take up an interest free loan for the duration of the course at a tertiary institute. There are various conditions involved for sure. But it seems straightforward enough. It can fund 90% of subsidised course fees for university (or 75% for polytechnic). You just need a guarantor between the age of 21 to 60 who is an undischarged bankrupt. It doesn't seem too difficult ......