A low shrinkage low oligomer polyester film and a method for manufacturing the same are provided. The method includes forming at least one polyester composition into an unstretched polyester thick film and stretching the unstretched polyester thick film in a machine direction (MD) and a transverse direction (TD) at a stretch ratio of two to six times. The polyester composition includes 94% to 99.974% by weight of a polyester resin, 0.01% to 1% by weight of a primary antioxidant, 0.01% to 1% by weight of a secondary antioxidant, 0.003% to 2% by weight of a nucleating agent, and 0.003% to 2% by weight of a flow aid. The polyester resin has an intrinsic viscosity between 0.60 dl/g and 0.80 dl/g.