List of Banks That offer Study Loans

It is so stressful when you’re looking for money to further your studies and it doesn’t matter whether you’re doing your first, second or third year. We’re hoping that this list of banks and what they offering will help you financially, so that you can concentrate on your studies and be close to achieving your dreams.  

Eduloan

Eduloan, the only private financial company solely focussed on unlocking potential through providing educational finance, improve people’s lives by access to education. Since 1996 Eduloan has awarded 720 000 loans to the value of over R3,7 billion.

The Eduloan loan offering

They offer financing for all levels of tuition – school, university or college. Their loan offerings also includes loans to cover outstanding balances, registration fees and we will help you pay for all your study related items with loans for textbooks, accommodation, laptops, tablets and other relevant study equipment.

FOR MORE INFO GO TO  http://www.eduloan.co.za/#nogo

Nedbank

Getting the right qualification is your key to success in a competitive world but, with tertiary education becoming more and more costly, those dreams of success can seem so far away.

Not anymore! A Nedbank Student Loan gives prospective students and parents peace of mind and a sense of financial security knowing that funds are available for further studies.

Your Nedbank Student Loan will cover costs for:

• Tuition fees
• Accommodation
• Books
• Study-related equipment

Your student loan contract will be subject to:

• A once-off administration fee
• A monthly debit order to pay back the interest on the loan amount borrowed.
• Reapplication for each year of registration (a student loan is granted for a specific year of study)

FOR MORE INFO GO TO http://www.nedbank.co.za/website/content/products/product_detail.asp?SubSubcatid=1883&Subcatid=506&ProductID=255

ABSA

An Absa Study Loan can be used to pay your study fees, textbook bills and related costs. It can help you make the most of your resources. You only have to pay the interest on the loan while you are studying. The actual loan itself only has to be paid back once you finish studying; and there’s a grace period for those students who have to complete a period of community service or internship following graduation.

FOR MORE INFO GO TO http://www.absa.co.za/Absacoza/Individual/Borrowing/Finance-your-Studies/Study-loan

FNB

Students – Life Start Student Loan
Qualifying criteria:

• Parent or sponsor must be permanently or self employed
• Should have worked for the same employer or in the same industry for a reasonable period of time
• Should be able to afford the monthly repayments.

What the Life Start Student Loans offers me:

• A student loan from R4 000
• Competitive interest rates
• Flexibility as you can apply every year as and when you need support

What this allows me to do:

• Pay tuition fees directly to the university/educational institution
• Service only the interest portion while completing your studies and start repaying interest plus capital after graduation
• Consider your no obligations quote, which is valid for 10 days
• Now you can concentrate on your studies while we help you manage your finances.

Added Values:

• Withdraw funds from an ATM
• No minimum balance required
• Access you account anywhere, anytime
• Free Cellphone, Telephone and Online Banking subscription
• Balance alert, so you always know how much cash you have
• You could apply for a student loan to help finance further studies
• Free inContact subscription
• this is a Smart Life Start Student Transactional account

What it will cost:

The monthly repayment amount is based on your risk profile and the terms of the loan.

Now you can concentrate on your studies while we help you manage the finances.

FOR MORE GO TO https://www.fnb.co.za/students/life-start-student-loan.html

Standard Bank

What is a student loan?

A student loan is a way of funding further education after high school. You can use your student loan to pay for:

• Tuition fees
• Books
• Equipment that will be used for study purposes, such as a laptop or stethoscope
• Accommodation*

* Loans for accommodation will only be granted to full-time students not living with their parents.

With your student loan you will receive a Standard Bank transaction account and debit card that you can use to pay for what you need.

FOR MORE INFO GO TO http://youth-applications.standardbank.co.za/mystudentloan/product-info