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Student loans

Studying full- or part-time? Apply online for pre-approval on a student loan to fund your next-level education.

Some of the benefits

Full-time

Get your tuition and accommodation paid now and only pay for the interest and fees while studying

Part-time

Get your tuition paid upfront and make your monthly repayments via debit order

Quick pre-approval

Finalise your loan in-branch once it’s been provisionally approved online

No penalties

Pay no additional charges if you’re able to settle your loan early
Get started

Registered at an accredited tertiary institution and be studying towards a certificate, diploma, degree or a postgraduate degree?

Key things to know about your loan

How it works

  • Tuition and accommodation* are paid to the institution or residence
  • Loans are granted for one year of study at a time
  • You submit your marks and proof of registration on fulfilment of the loan
  • A once-off initiation and monthly service fee are charged on your student loan
  • Courses must be accredited by the Department of Higher Education, SAQA, SETA or Umalusi

*Accommodation is only covered for full-time students

Studying full-time?

  • You'll need someone to sign surety on your loan*
  • While you’re studying, your surety pays the monthly interest and service fees
  • You start repaying the loan once you’ve finished studying
  • If it takes you a while to find a job, you can ask for a grace period
  • Grace periods can be extended for articles, internships or community service
  • Your loan can  be insured, so that any amount owed can be settled in the event of disability, dread disease or death

*Your surety will need to earn at least R 3 000 a month

Studying part-time?

  • You'll only need someone to sign surety on your loan if you earn less than R 5 000 a month*
  • Monthly repayments are made by debit order while you’re studying
  • There are no early settlement penalties
  • If you quit your studies, the full outstanding amount is due immediately
  • Your loan can  be insured, so that any amount owed can be settled in the event of disability, dread disease or death

You’ll need to be registered at an accredited tertiary institution for a certificate or an under- or post-graduate diploma or degree.

You’ll also need to provide us with your academic results, so we know you passed the previous year.

You can apply for immediate provisional approval now through our Youth Applications microsite.

What you’ll need

 

 

Once your loan is provisionally approved, come in to see us at your nearest branch.

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The best way to stay on top of your debt is to keep it simple. Try these four tips for better debt management.

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Managing your credit

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Missing the payments on your bond can quickly result in losing your home. We can relieve your financial stress by helping you settle your bond through an early sale.

What we can do for you
What we can do for you

Instead of recommending generic solutions that may or may not be right for you, we prefer to understand your unique situation. Some of the solutions offered through our Debt Care Centre include:

Managing your loans

The best way to stay on top of your debt is to keep it simple. Try these four tips for better debt management.

Managing your credit

Credit empowers you to buy what you want when you need it, but it requires careful management to keep your credit record in good standing

Managing your bond arrears

Missing the payments on your bond can quickly result in losing your home. We can relieve your financial stress by helping you settle your bond through an early sale.

What we can do for you

Instead of recommending generic solutions that may or may not be right for you, we prefer to understand your unique situation. Some of the solutions offered through our Debt Care Centre include:

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