Finances Required

Living Cost of is 12000.00 SGD

Financial Documentation List (Singapore)

Financial Documents

Security Deposit

Upon approval of the student pass application(ie: Application to a University/College/school), an In-Principle Approval(IPA) letter will be issued to the applicant. The security deposit, if required, would be indicated in the IPA letter to the applicant.

Country Rate per person and Form of Security Deposit
Malaysia and Brunei Nil
Indonesia, Philippines and Thailand S$1,000 in the form of a Banker's Guarantee from any established banks in Singapore or Cashier's Order or NETS
People's Republic of China,India, Bangladesh and Myanmar S$5,000 in the form of a Banker's Guarantee from any established banks in Singapore or Casher's Order
Others S$1,500 in the form of a Banker's Guarantee from any established banks in Singapore or Cashier's Order or NETS


Exemption from the security deposit requirement may be granted to:
  • Malaysians / Brunei nationals
  • Holders of valid Dependent's Pass, long term social visit pass and work pass
  • Children of Singapore Citizens / Permanent Residents
  • Foreign students who study in kindergartens registered with Ministry of Education / Childcare centres licensed by MCYS
  • Foreign students who attend a full-time course at an approved private education organization that is awarded Singapore Quality Class for Private Education Organisation, or SQC(PEO), by SPRING, Singapore
  • Foreign students who pursue a full-time university degree (Graduate / Post-Graduate) programme at an approved private education organization.
  • Below 16 years old at the point of application

It is always advisable to show first years expenses ie: Study cost plus living expenses , in your bank account as liquid cash, Bank loan for the same period for a smooth visa process.