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Student Loan

Easily apply for a new student loan or increase your student loan limit online.

Full time study product detail
Increase your student loan limit

Already have an existing student loan and want to access more funds? Simply click on the link below to increase online

Increase limit >

Just starting or about to graduate? Finance your full time or part-time studies by applying online for your student loan.

We’ve made it easier for you to get access to study equipment such as laptops/tablets with our new offering. You don’t have to miss your online classes

Some of the benefits

Study overseas

Study abroad at any SAQA approved institution

Quick pre-approval

Get online pre-approval before finalising your student loan application in-branch

Protection

Insure your student loan in case of death, disability or dread disease

Low interest rates

Get your student loan today at an interest rate of 7.25%*
*T&Cs apply
What will be covered
  • Registration fees
  • Tuition fees:

There is no maximum limit for tuition fees; the amount granted, however, is based on what you’re able to afford

  • Accommodation:

Up to R60 000 per year (must have lease agreement)

  • Textbooks and study equipment, i.e. laptops, tablets and any other course related equipment:

Up to R20 000 (with proof of costs)
Up to R6 000 (if no proof of costs) 

  • Minimum loan amount

A minimum loan amount of R5 000 is applied regardless of what category you apply for
This means, that if you apply for money to purchase only equipment or textbooks, you must apply for at least R5 000, or if you apply for tuition alone, your tuition costs must be at least R5 000

  • The chosen course duration needs to be a minimum of 3 months
  • You need to study at, or be accepted into, an accredited institution, i.e. SAQA; SETA; DHE; Umalusi and SACAA approved Flight Schools
  • Your student loan can be insured, so that your debt could be covered in the event of disability, dread disease or death
  • Check out our Personal Protection Plan and insure your student loan

 

How are funds paid
  • Tuition will be paid directly to the institution
  • Accommodation fees will be paid directly into the landlord’s account 
  • Textbooks and equipment will be paid directly into the surety’s transactional account or into the account of the student if they are self-assured 
Who can apply
  • Standard Bank and non-Standard Bank account holders can apply for full-time and part-time student loans 
  • Your surety does not have to be a Standard Bank* account holder
  • If, however, you apply to study overseas, your surety must bank with Standard Bank South Africa

 

What it costs

Full-time students:

  • You’ll need someone to co-sign your student loan as surety if you’re a full-time student
  • Your surety is the person responsible for servicing the interest and fees while you study, or if you default on your repayments
  • Both you and your surety must be present at the branch to sign for the student loan
  • There can only be one surety on a student loan and your surety must earn at least R3 000 per month
  • You will be granted a grace period of 6 months after completing your studies before taking over the loan repayments
  • Your surety, however, will continue to pay the interest and fees until you are able to take full responsibility

Part-time students:

  • If you’re a part-time student, you must earn a minimum income of R5 000 per month to qualify
  • As a part-time student you will be required to pay the loan while you study
     
How to get it
  • Apply for pre-approval on the My Student Loan Portal
  • Once the online application is pre-approved do the following: 

Get documents ready
These are the original documents you’ll need to take to the branch with you
 
Course-related documents

  • Acceptance letter or proof of registration from institution
  • Proof of costs for tuition, accommodation and textbooks and/or equipment
  • Proof of latest academic results

 
Personal (FICA) documents

  • ID documents (student & surety)
  • Proof of residence not older than 3 months (student & surety)
  • 3 months’ payslips (surety)
  • 3 months’ bank statements for non-Standard Bank clients (surety)

 
Visit nearest branch
A consultant is waiting to assist you with the final stage of your application
 
Get funds
 All payments will be made to the institution and relevant parties

* You have 15 days to visit a branch to finalise the process. Should your pre-approval expire, you’ll need to restart the online application process

  • What will be covered
  • How are funds paid
  • Who can apply
  • What it costs
  • How to get it
  • Registration fees
  • Tuition fees:

There is no maximum limit for tuition fees; the amount granted, however, is based on what you’re able to afford

  • Accommodation:

Up to R60 000 per year (must have lease agreement)

  • Textbooks and study equipment, i.e. laptops, tablets and any other course related equipment:

Up to R20 000 (with proof of costs)
Up to R6 000 (if no proof of costs) 

  • Minimum loan amount

A minimum loan amount of R5 000 is applied regardless of what category you apply for
This means, that if you apply for money to purchase only equipment or textbooks, you must apply for at least R5 000, or if you apply for tuition alone, your tuition costs must be at least R5 000

  • The chosen course duration needs to be a minimum of 3 months
  • You need to study at, or be accepted into, an accredited institution, i.e. SAQA; SETA; DHE; Umalusi and SACAA approved Flight Schools
  • Your student loan can be insured, so that your debt could be covered in the event of disability, dread disease or death
  • Check out our Personal Protection Plan and insure your student loan

 

  • Tuition will be paid directly to the institution
  • Accommodation fees will be paid directly into the landlord’s account 
  • Textbooks and equipment will be paid directly into the surety’s transactional account or into the account of the student if they are self-assured 
  • Standard Bank and non-Standard Bank account holders can apply for full-time and part-time student loans 
  • Your surety does not have to be a Standard Bank* account holder
  • If, however, you apply to study overseas, your surety must bank with Standard Bank South Africa

 

Full-time students:

  • You’ll need someone to co-sign your student loan as surety if you’re a full-time student
  • Your surety is the person responsible for servicing the interest and fees while you study, or if you default on your repayments
  • Both you and your surety must be present at the branch to sign for the student loan
  • There can only be one surety on a student loan and your surety must earn at least R3 000 per month
  • You will be granted a grace period of 6 months after completing your studies before taking over the loan repayments
  • Your surety, however, will continue to pay the interest and fees until you are able to take full responsibility

Part-time students:

  • If you’re a part-time student, you must earn a minimum income of R5 000 per month to qualify
  • As a part-time student you will be required to pay the loan while you study
     
  • Apply for pre-approval on the My Student Loan Portal
  • Once the online application is pre-approved do the following: 

Get documents ready
These are the original documents you’ll need to take to the branch with you
 
Course-related documents

  • Acceptance letter or proof of registration from institution
  • Proof of costs for tuition, accommodation and textbooks and/or equipment
  • Proof of latest academic results

 
Personal (FICA) documents

  • ID documents (student & surety)
  • Proof of residence not older than 3 months (student & surety)
  • 3 months’ payslips (surety)
  • 3 months’ bank statements for non-Standard Bank clients (surety)

 
Visit nearest branch
A consultant is waiting to assist you with the final stage of your application
 
Get funds
 All payments will be made to the institution and relevant parties

* You have 15 days to visit a branch to finalise the process. Should your pre-approval expire, you’ll need to restart the online application process