The costs of furthering one’s education are becoming steeper by the day. Standard Bank recognises the dilemma many people find themselves in and has created a solution designed to give individuals help with realizing their educational dreams.
Student loans offer individuals an opportunity to access tertiary education, which gives them the chance to improve their standards of living.
For many people who can’t afford to pay for tertiary education, getting access to a student loan from Standard Bank can give them a simple solution to financing their education.
What you get when you apply for a student loan from Standard Bank:
Full-time students also get the Standard Bank transaction account that be suits their needs when their student loan is approved.
Funds for books are transferred into your transactional account. Tuition and accommodation is paid directly to the institution.
A Personal Loan Protection Plan is offered.
There is a maximum amount granted for each year of study.
Full-time students repay on completion of studies. During the time of study, your surety pays the monthly interest and service fees.
Part-time students must repay the loan while studying.
A grace period is granted for students who must complete internships following graduation.
What do you need to apply?
Be registered for a certificate, a diploma, degree or postgraduate degree or diploma. For a degree and diploma, your surety must earn a minimum of R3000 per month. For other courses, your surety must earn a minimum of R5000 per month.
You receive an instant outcome once you complete your online application.
This loan is useful for covering tuition fees, textbooks, accommodation and course equipment. Interest charged on the loan is personalised and takes into account the student’s qualification and years of study.
For more information, contact Standard bank by calling: 0860 123 000.
Visit their website here: www.standardbank.co.za.