Disbursement Authorisation

Disbursement Authorisation

You are applying for POSB Disbursement Authorisation

This form allows you to:

Authorise the Bank to disburse from your POSB Further Study Assist Education Loan

To complete this form, you will need:

Original invoice of payment from the Institution of study, indicating the balance of the course fees unpaid

Please Note:

  • The outstanding balance due on the account has to be paid, before any disbursement can be made
  • Please ensure that the outstanding principle under your Education Loan (if any), when aggregated with the amount to be disbursed does not exceed the approved loan amount for your education Loan. In the event that it exceeds such approved amount, the Bank will reduce the amount of any cashier’s order(s)/Demand Draft to be issued as it deems fit