Student Education Support Scheme (SESS)
The Student Education Support Scheme (SESS) is available to students undertaking tertiary studies and is a loan that is guaranteed by the VNPF savings of the student's parent/s or other guarantor.
All loan applications will be processed by our verification team and may be followed up with a consultation with a VNPF loans officer. Please ensure you read and understand the terms and conditions of Direct Loans Services carefully.
Please note that VNPF only pays suppliers direct to their bank accounts. After the payment has been cleared by your supplier, a VNPF loans officer will provide you with a payment advice notice for you to present to the supplier, at which time your supplier can give you the products or services you require.
General Conditions
Requirements
To apply for the Student Education Support Scheme (SESS), please visit any VNPF branch.
All loan applications will be processed by our verification team and may be followed up with a consultation with a VNPF loans officer. Please ensure you read and understand the terms and conditions of Direct Loans Services carefully.
Please note that VNPF only pays suppliers direct to their bank accounts. After the payment has been cleared by your supplier, a VNPF loans officer will provide you with a payment advice notice for you to present to the supplier, at which time your supplier can give you the products or services you require.
General Conditions
- Tuition costs interest rate: 4%
- Accommodation costs interest rate: 5%
- Transport costs interest rate: 7.5%
- Loan amount dependent on funds available in member's account
- Loan can be repaid up to 5 years after the end of studies
- Loan is payable even if the student fails his/her studies
Requirements
- Completed application form
- Signed Certificate of Indemnity
- Tuition, accommodation and transport costs quotations
To apply for the Student Education Support Scheme (SESS), please visit any VNPF branch.